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Planning for farm succession Increase the odds of creating a successful legacy by developing business transition plans. This article from Midwest High Plains/Midwest Journal points out the importance of careful planning to make a successful transition to the next generation. At least one out of five farmers doesn’t have a clue what will happen to…
Making The First College Tuition Payment SALARIES TO THE STUDENT If the student is working on the farm for some part of the year, compensation can be a great tool. The student’s salary isn’t subject to income tax until it exceeds the standard deduction ($6,300 for 2016). Normally, there will be the 15.3% Social Security tax…
End Of Summer Barometer Results The higher the index number the stronger the economic outlook of U.S. agricultural producers. The index is based on survey results from 400 ag producers. Producers view of the weather, commodity prices, and financial conditions can affect the index. As promised we’ll bring you the ag economy barometer each month. Quarterly,…
AgCompass will Feature the Ag Economy Barometer Each month we’ll share with you Purdue University’s Ag Economy Barometer. The Purdue University/CME Group Ag Economy Barometer is a nationwide measure of the health of the U.S. agricultural economy. The higher the index number the stronger the economic outlook of U.S. agricultural producers. The index is based…
