MinnStar Bank Farm Management Analyst Kent Thiesse says farmers need to account for the WHIP+ program payments when doing their year-end tax management. “Funding hadn’t been authorized for some of those payments, but now, the USDA has authorized the funding. Those payments will go out as soon as possible and a lot of farmers will get those payments by the end of the year. Farmers have been busy with tax management and for some, it’s been more of a challenge, because of all of the direct payments received.” The payment process likely varies from county-to-county, depending on processing progress with WHIP+ applications at local FSA offices. “If farmers don’t already have the money, they should check with their local FSA office on the status.”
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