taxes | Red River Farm Network

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…

Use Tax Planning as a Tool

Published December 16, 2021

The end of the year means tax preparation. AgCentric Farm Business Management Instructor Nathan Converse says managing income by pre-paying expenses is always an option. "This depends on how the year went. Right now, I have farmer clients who are…

An Evolution of Tax Changes in the Build Back Better Act

Published December 1, 2021

There’s been many what-ifs when it comes to federal tax changes for farmers and ranchers this year. As the Senate considers the Build Back Better Act, AgCountry Farm Credit Services Agribusiness Consultant Russ Tweiten says the loss of stepped-up basis…

What Happens Next with the Reconciliation Package

Published September 13, 2021

All eyes are on the House Ways and Means Committee as they prepare to review the revenue section of the reconciliation package on Tuesday. That’s where tax changes could happen. National Council of Farmer Cooperatives CEO Chuck Conner says it…

Local Land Value Optimism and Tax Changes Ahead

Published May 17, 2021

Higher commodity prices should have an impact on land values. "Maybe this will change the volume of land we'll see in the market and the pricing," said Chris Griffin, president, Red River Land Company. "We are also watching the tax…

Ag Coalition Expresses Concern on Tax Proposals

Published May 13, 2021

A coalition of more than 40 farm groups, including the American Sugar Alliance, is voicing concern about President Biden’s tax proposal. In a letter to congressional leadership, the groups emphasized the need for the current estate tax exclusion limits and…

MN House Passes Omnibus Tax Bill

Published April 26, 2021

The Minnesota House passed the omnibus tax bill. Representative Paul Marquart says this bill does three things for farmers including an expansion of the beginning farmer program, updates for homestead qualification and fixes to Section 179 depreciation. "Beginning this tax…

Infrastructure Bill on Deck

Published March 25, 2021

With the $2 trillion coronavirus assistance bill signed into law, the White House is now working on its next major initiatives. This proposal will focus on infrastructure issues, like roads, bridges and broadband. The Biden Administration also plans to include…

January Ag Economy Barometer Shows Slight Decline

Published February 2, 2021

The January 2021 Purdue University/CME Group Ag Economy Barometer dropped seven points from the December survey to a reading of 167. Most of the decline was in the Index of Future Expectations. Survey results suggest the decline is driven by…

With Higher Income, 2020 Tax Preparations May Look Different for Farmers

Published December 7, 2020

Tax planning is in full swing for farmers and ranchers as this year comes to a close. AgCountry Farm Credit Services Senior Tax Specialist Jason Grunewald says there are certain documents farmers should be gathering to prepare. "There was a…

Articles tagged under: taxes

Cautious About Budget Surplus

Use Tax Planning as a Tool

An Evolution of Tax Changes in the Build Back Better Act

What Happens Next with the Reconciliation Package

Local Land Value Optimism and Tax Changes Ahead

Ag Coalition Expresses Concern on Tax Proposals

MN House Passes Omnibus Tax Bill

Infrastructure Bill on Deck

January Ag Economy Barometer Shows Slight Decline

With Higher Income, 2020 Tax Preparations May Look Different for Farmers

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