Tag: income
Farm incomes could take a dive in 2024: USDA report
A drop of nearly $40 billion, or 25.5%, in net farm income was predicted in the 2024 Farm Sector Income Forecast, driven largely by climbing production costs and declining crop prices.
Check your reproductive program for profit
One measure of profitability is net income per cow, with competitive farms above $1,300 per cow. Learn how to improve reproductive efficiency on your farm.
How should farm business income be divided?
Asset ownership, hours worked and management responsibilities vary across managers, operators and owners of the farm. Learn to divide farm income, fairly.
Expect delays if claiming EITC or ACTC
Law requires the IRS to hold refunds claiming the Earned Income Tax Credit and the Additional Child Tax Credit (ACTC) until mid-February.
