Many times, we think of tax exemptions and immediately picture 501(c)3 nonprofits…churches, soup kitchens, and other similar charities. The government allows them to skip paying sales tax when they buy things they need in order to serve their community. However, did...
In everyday conversations, if someone is described as a “farmer”, we automatically assume that we understand what they do on a basic level. However, when you use the term from the IRS’s standpoint, not everyone who farms is a farmer. In this post, we’ll give you the...
Farm taxes are most likely the least fun thing about being a farmer. Managing the land, working with the various stages of crop development, or taking care of your herd are much more enjoyable. You probably don’t climb up into the cab of your tractor each morning...
The Inflation Reduction Act is a political hot button right now as Americans face record inflation rates and sky-high prices on everyday essentials. However, in this post, we want to focus on how the Inflation Reduction Act helps rural farm families. We get it! Times...
Inflation in agriculture is a big deal at the moment. The basic definition of inflation is “too much money chasing too few goods,” and that is exactly what is happening now. Over the past couple of years several factors have led to the circumstances we find ourselves...
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