Articles tagged under: taxes

An Uncertain Path Forward for Section 179

Published April 3, 2020

The status of Section 179 conformity in Minnesota is unknown at this time. Lobbyist Bruce Kleven says there are a few things making an impact including a change in the budget surplus. "Earlier this year, the surplus was $1.5 billion.…
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Argentina Raising Soy Export Taxes

Published March 6, 2020

According to Argentina’s agricultural ministry, the Argentine government will raise export taxes on soybeans and soybean products. That increase could range from three percent to 33 percent for the largest producers. The ministry says the government will compensate farmers who…
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Last Minute Tax Filing Reminders

Published February 11, 2020

NDSU Extension Farm Management Specialist Ron Haugen reminds farmers to be aware of the tax filing deadlines. "Farmers have always had this perk in their filing season. If they file earlier, they don't have to pay any penalties for underestimating…
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A Few Year End Tax Planning Tips

Published December 20, 2019

As the calendar gets closer to the end of 2019, NDSU Extension Farm Management Specialist Ron Haugen offers a couple of year end tax planning tips. "Farm income is highly variable. It's best to keep income as level as possible…
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U.S. Agriculture Needs a Win

Published April 16, 2019

A handful of Minnesota farmers and agribusiness professionals attended Monday’s roundtable discussion with President Trump, including Minnesota Farm Bureau President Kevin Paap. He says there were no questions from the audience. The president did talk a lot about tax cuts…
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Standoff Possible Over Gas Tax Proposal

Published March 8, 2019

Minnesota Governor Tim Walz’s tax proposal is generating plenty of discussion in St. Paul. State Senator Torrey Westrom, who is from Elbow Lake, says rural Minnesota needs roads and bridges, but there is no support for a gas tax. "A…
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MN Farmers Want Tax Conformity at State Level

Published March 1, 2019

Tax conformity tops the wish list for soybean farmers in the Minnesota legislative session. Minnesota Soybean Growers Association President Mike Petefish says it's a challenging situation with the federal government and state government being so different on deductions and the…
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Tax Planning Series: Prep for the Meeting

Published December 19, 2018

As farmers prepare for tax season, AgCentric Farm Business Management Instructor Ron Dvergsten says the first step for farmers to contact their tax preparer. "Do an estimate to see where you are tax-wise." In addition, come prepared for the meeting.…
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