Progressive Forage Feed
How the new tax law affects farm equipment trades
Tax codes on equipment trades just got trickier.
Under old tax law, a farmer could trade in farm equipment and recognize no gain or loss on the trade. For example, assume a farmer has an old combine worth $200,000 and trades it in for a new combine worth $500,000. The $200,000 trade value is essentially ignored and the tax cost basis of the new combine is simply $300,000 (the net cash paid).
Do hay discounts hurt or benefit growers?
Feed is the most expensive and one of the most necessary products in a ranch budget, making it no surprise that ranchers love a good discount on hay. Hay producers, on the other hand, have to decide whether or not that discount is worth the risk to their businesses.
Why are cover crops not the answer – yet?
There is a lot of interest and energy being focused on cover crops and cover crop usage across the country. In fact, as I am writing this article, there is a “cover crop meeting” going on in our conference room.
We have been blessed beyond measure
At the American Forage and Grassland Council’s annual meeting in mid-January, 75-year-old Ted Hughes, a self-professed “grass farmer” and beef cattle producer from Georgia, competed in the annual Forage Spokesperson contest.
How is the quality of the forage you are feeding?
When you can see the quality of the hay, haylage or baleage that you harvested last year, and how the animals eating it are doing, now is a good time to evaluate how well you did with forage harvesting last year.
Hub Equipment: Diesel exhaust fluid is ‘DEF’-initely here to stay
Changes come hard to most of us … no surprise there. Mention changes involving “engine emissions,” and the growls get even louder – and with some good reasons, I might add. Of course, changes are nothing new under the sun when it comes to engines and emissions standards.