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26 Jan 2024
OMAHA (DTN) -- Well-above-normal temperatures next week after deep freeze conditions and heavy snow in January in parts of central United States, and snowmelt that could lead to possible ice-jams on frozen rivers, has led to some flood concerns. People think back to the bomb cyclone of 2019 and some of the similar weather factors that created a dev...
26 Jan 2024
Most farmers don't want to show self-employment (SE) income. After all, why pay the SE tax? To avoid it, they set up complex structures to reduce/shift income. But is paying an SE tax bad? Are there any benefits to showing SE income? Before discussing why some SE income is good, let's talk about the consequences of avoiding the SE tax. First, when ...
26 Jan 2024
OMAHA (DTN) -- Among Karl Jacobson's chores this week was buying alfalfa hay from a neighbor. The Concordia, Kansas, farmer and cow-calf producer was short of hay this winter for his herd because of the continuing drought affecting parts of the Western Corn Belt (WCB). "My alfalfa was half of what I normally get," Jacobson said. "My prairie hay was...
25 Jan 2024
In family-farm and ranch transitions, valuable gifts are an integral part of estate-planning strategies. Money, land, equipment, shares of a legal entity or family heirlooms were accumulated over a lifetime or were originally purchased with scarce economic resources, and have high economic or sentimental value. Another set of gifts have a high valu...
25 Jan 2024
PHOENIX (DTN) -- The United States needs to negotiate more free trade agreements in order to diversify agricultural export markets, but that's unlikely in the near future whether President Biden wins re-election or former President Trump returns to office, Michael Dykes, president and CEO of the International Dairy Foods Association, told his membe...