Farmers are getting a tax boost with the help of the newly passed tax law, which allows them to deduct the majority of their business costs.
This article discusses how the agriculture industry is responding to tax reform, and what deductions will mean for farmers going forward.
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The Tax Cuts and Jobs Act will, for the most part, benefit American farmers. However, there are those who might not benefit as much as others.
According to an article from American Agriculturist, “Farm Credit East tax experts have reviewed the 2017 Tax Cuts and Jobs Act — the largest overhaul of the U.S. tax …
It has become increasingly easy for those in rural areas to connect with a larger customer base thanks to the Internet and the creation of social media. With these communication tools comes a responsibility for farmers and producers to explain to their customers how their food is made.
In an article from Farm and Dairy, …
In an exciting turn for farming, Smart Ag, an Iowa-based ag technology firm, has successfully tested AutoCart, a system allowing existing farm equipment to operate autonomously and is selling a limited number of the systems this year, writes Ron Swoboda for Farm Industry News.
Swoboda details the following benefits of this new system:
Helps solve …
Many farmers tend to take it easy during the off season, however, this is actually some of the most important time for your business. When spent wisely, farmers can use winter months to make big progress towards their goals by taking time to plan.
Darren Frye, from Farm Futures, offers the following five steps for …
Staying competitive can be a challenge to some farmers. That is why it is important to recognize the right time to change.
In an article from Agriculture.com, author Natalina Sents writes, “To get started, farmers need to recognize the right time to change. That could mean diversifying the farm or transitioning to the next …
The number of mergers and acquisitions in the agricultural industry may not hurt farmers’ profit margins, according to Eric Berger of AGWeb.
In the article, Berger writes, “Yet the mergers could stifle innovation if the new corporations spend less on research and development, says Gary Schnitkey, an agricultural economist at the University of Illinois”.
In the …
The agriculture industry is facing problem that could be detrimental to the way we produce food. It is estimated that by 2020, there will be a significant employment gap across all agricultural fields.
An article from Farmers Weekly says, “Land-based industries including agriculture are facing a mighty staffing challenge, with an estimated 600,000 new …
Blockchain technology has made its way to the agricultural industry, and the food industry is taking notice. While complex, blockchain technology can enhance the way farmers grow and distribute our food.
In an article from Coin Telegraph, author Ann Maslova writes, “Our current food system offers a fertile opportunity to explore how the Blockchain technology …
Farming has become a practice of sustainability, and farmers want consumers to start noticing. Building a farm brand may be the next step in revolutionizing farming.
In an article from Agriculture.com, author Jessie Scott writes about Reid and Carla Weiland, farmers who have created a brand for their farm. Scott writes, “This past August, …
