Prepaying expenses is one of the most common tax management practices that we see­–it is also an area that is scrutinized by the IRS during audits. Thus, what follows is a review of the rules regarding prepaid expenses.There are three conditions that must be met in order for a cash basis taxpayer to claim a deduction in the year the prepayment is made...

There were several insights about what made millennials tick, so I extrapolated what millennial farmers might want to see happen for them. I also had the privilege of meeting an energetic group of the Alberta Young Farmers’, people who are young, and positive about their future in agriculture. Here are ten things I learned that millennial farmers want...

There are many great business reasons to do a budget. From tracking spending to facilitating discussion. If we think of a budget as a road map, we know that real-life driving has unforeseen conditions not on the map. For example, there may be road construction, an accident, or even inclement weather. In such a case, you have to find another way to go. The same can be said for a budget. The estimates and calculations are based on assumptions made at the time the budget is created. These can change, and accordingly, you’d need to make new plans for the budget...

Part 2 of a 2 part series, that breaks down the top factors that will affect the 2019 U.S. rural economy in summary paragraphs. This series explores the global economy; the U.S. economy; monetary policy; the U.S. government; the U.S. farm economy; ag trade policy; grain, farm supply, and biofuels; and the U.S. animal protein sector. Each of these topics will help you better understand how such external factors might affect your farm business...

Net Earnings of $13.145 Million, Capital Remains Strong
2018 Patronage Payments to Customers Total $7.949 Million

Williston, Vermont (March 8, 2019) Yankee Farm Credit, a farmer-owned credit cooperative serving Vermont and parts of New York and New Hampshire, today announced full-year financial results for 2018. Full-year earnings were up from the previous year, and net interest income increased over the prior year while loan quality remained at acceptable levels...

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