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Articles tagged under: taxes

Governor Armstrong Pushes Property Tax Cut Plan

Published March 17, 2025

North Dakota Governor Kelly Armstrong made a stop at the Legislature and spoke in favor of House Bill 1176. "This is the most aggressive, durable and responsible plan to reduce property taxes," said Armstrong. "During my campaign, I visited with…
Top StoriesLatest NewsPolicy

Time for Tax Planning

Published December 2, 2024

Tax planning season is here. "It's always a good idea to get started around this time of the year," said NDSU Extension Farm Management Specialist Ron Haugen. Farmers have a lot to consider when doing their taxes, especially with their…
Top StoriesLatest NewsAg Business

A Deep Dive into Taxes

Published July 26, 2024

The South Dakota Farm Bureau's meetings this past week were for anyone who wanted to learn more about what is in their tax bill. “As an organization, we hear a lot about people talking about taxes, whether it’s property taxes…
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IRS: Income Averaging is Underutilized

Published July 16, 2024

A study by the Internal Revenue Service found income averaging is a tool that is underutilized by farmers. NDSU Extension Farm Management Specialist Ron Haugen explains. "If you happen to have income that's quite high compared to your previous three years,…
Latest NewsAg Business

Tax Changes Sought

Published November 30, 2023

A unique coalition of farm groups is urging congressional leadership to extend tax provisions that impact Rural America. That request includes the full expensing of new equipment, which drops to an 80 percent deduction this year and is phased out…
Latest NewsAg Business

Defending the Legacy

Published September 17, 2023

There is a difference between a tax preparer and a tax strategist. Freedom Finance Group CEO Marissa Nehlsen said a tax preparer simply takes a customer's information and prepares the return and a tax strategist provides options "on how to…
Latest NewsAg Business

RRFN Forum: Ag Law and Taxes

Published September 12, 2023

A myriad of legal issues have faced agriculture in recent years, including Supreme Court decisions on WOTUS and Proposition 12. An ever-changing tax code is also the norm. Roger McEowen, professor of agricultural law and taxation, Washburn University School of…
Top StoriesLatest NewsAg Business

Historic Tax Bill Signed

Published April 28, 2023

North Dakota Governor Doug Burgum has signed a major tax relief package. It includes $358 million in income tax relief and nearly $157 million in property tax relief. Burgum did not get the flat tax he sought at the beginning…
Latest NewsPolicy

Bohn Reflects on Year as NCBA Leader

Published February 2, 2022

Looking back on his time as president of the National Cattlemen’s Beef Association, Jerry Bohn said the biggest achievement was protecting taxes for agricultural options. "The Biden Administration was looking pretty hard at taking away stepped-up basis, increasing capital gains…
Latest NewsLivestockPolicy

Cautious About Budget Surplus

Published January 21, 2022

The Minnesota legislative session will begin in less than two weeks. While there is a budget surplus, Minnesota House Ag Finance and Policy Committee Lead Republican Paul Anderson does not think lawmakers should spend it all. "This is one-time money…
Latest NewsPolicy
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