Articles tagged under: Ron Haugen
NDSU Releases Crop Budgets
Published February 17, 2023
NDSU released its projected crop budgets for 2023, which vary by region and crop. NDSU Extension Farm Management Specialist Ron Haugen says according to their budgets farmers should make a decent profit across most crops. "There's a few crops in…NDSU Forecasts Commodity Prices
Published February 1, 2023
NDSU Extension has released its 2023 short-term and long-term planning price projections. Farm Management Specialist Ron Haugen says commodity prices remain positive. "Spring wheat is projected to be about $8 per bushel, corn at $5.25 and soybeans at $12.25 per…Tax Preparation Tip #4
Published December 14, 2022
We conclude our year-end tax tips series with NSDU Extension Farm Management Specialist Ron Haugen. Haugen says one way to reduce tax liability is through retirement planning. "Even if you're young, you have to think about retirement. It's a good…Tax Preparation Tip #3
Published December 14, 2022
We continue our series of end-of-year tax tips with NDSU Extension Farm Management Specialist Ron Haugen. We talked about deferring income and spreading income to other year for grain farmers, but Haugen says livestock producers can also use income deferral.…Tax Preparation Tip #2
Published December 14, 2022
Our year-end tax planning tips continue with NDSU Extension Farm Management Specialist Ron Haugen. Haugen tells farmers to consider income averaging. "It's not the same as a net operating loss. If you have a higher income one year, you can…Tax Tip
Published December 14, 2022
Tax planning is something that should be done year-round, but NDSU Extension Farm Management Specialist Ron Haugen says many decisions are being made now. "The Emergency Relief (Program) payments that we got in 2022 were actually from disasters from previous…Late Planting vs Prevent Plant
Published May 16, 2022
NDSU Extension Farm Management Specialist Ron Haugen says farmers have three options when it comes to late planting or resorting to prevent plant. "If it gets to be really late, one of the main decisions is should I even plant…Fielding Questions
Published March 14, 2022
In the latest RRFN and AgCountry Farm Credit Services Fielding Questions episode, AgCountry Market Vice President Ron Haugen talks about inflation. "This year, we're getting hit with chemical and fertilizer expenses higher than previous years. Those continue to increase, but…Price Projections Look “Promising”
Published February 10, 2022
NDSU Extension released its short-term and long-term price projections for farmers and ranchers preparing annual budgets and cash flow projections. NDSU Extension Farm Management Specialist Ron Haugen says the short-term crop and livestock projections look promising. "For sure, almost all…