Nebraska Extension Offering Workshop on Tax Planning for Farms and Ranches

Sep 05, 2024

Nebraska Extension will host an Introduction to Schedule F, Tax Planning for Farms and Ranches Workshop on Thursday, September 19, from 5:30 to 7:30 p.m. in Scottsbluff at the Panhandle Research Extension and Education Center, 4502 Avenue I.

“Farmers and ranchers, especially new and beginning producers, often have questions about tax planning for their business,” said Jessica Groskopf, Extension Educator. “This workshop will provide you with the basic information you need when filing a Schedule F.”

The workshop will cover:

Basic tax information: What are income taxes? What are income tax brackets?
Who qualifies as a Farm for tax reporting purposes?
What is a schedule F?
Cash vs. Accrual Accounting
Tax Documentation

The workshop is free to attend, but registration is encouraged.

Source : unl.edu

Video: Learning to Wrench From Dad the Hard Way

Harvest is a week out and the farm picked this week to fall apart. The truck needs a battery, the barn curtain's got a problem, and the corn and beans are telling us we're out of time to get it all fixed.

So it's a full day of wrenching. Tork supervises while I get the truck back running, then we're out at the hog barn where one rusted up part has the whole curtain system hung up. Ladder work, cable work, and a little dad-and-son disagreement about the right way to do it. We close it out walking the fields, shelling beans and checking corn, because whether everything's fixed or not, harvest starts when harvest starts.

Chapters: 00:00 Everything breaks the week before harvest 01:00 Tork supervises while I fix the truck 12:30 Out to the barn to find the curtain problem 14:30 One rusty part hung up the whole curtain 20:00 Running the curtain cable from the ladder 24:00 Walking the beans and corn before harvest 26:30 Wrapping up

We're a 6th generation family farm in southeast Iowa showing the real ups and downs of pig farming and row crop farming. No script, just the work. Subscribe and follow along.

JOIN THE BARN TALK NEWSLETTER AND GET LIVE EVENT ACCESS: We're on a mission to hit 10,000 subscribers, and when we do, we're hosting a live event at the barn. Sign up for exclusive access to tickets and details.