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Finances, Accounting, and Taxes

Finance, accounting and tax news and updates. Find articles on tax preparation, financing, loans, accounting software, business management and more.

Taking It to the Bank By: 04/14/2015 @ 11:32am

Look for Drew Peterson this time of year, and you’ll find him busy with calving and planting preparations. Yet, the 29-year-old Salem, South Dakota, farmer knows that…

Where You Should Spend Your Money By: 03/23/2015 @ 10:26am

Next time you’re at a farm show, play a game. Examine each booth selling the products that you need to grow your…

Your Profit: Sell Cash and New Crop at the Right Time This Year By: 03/09/2015 @ 3:35pm

In previous columns, I have written about my three favorite market analysis methods: the study of price, the study of…

Manage Thin Margins & Master Positive Cash Flow By: 12/16/2014 @ 12:05pm

Managing razor-thin margins and mastering the art of creating positive cash flow are two critical tactical maneuvers confronting producers as 2014 draws to a close.There’s little doubt that lenders will be…

Are You Prepared for Retirement? By: 11/06/2014 @ 2:30pm

It was one of the flashpoint issues of the political campaign season leading up to November 4 elections. Can you retire? Or, will you be able to retire someday?It's a growing issue in American society…

Risks of Rapid Write-Offs By: 11/03/2014 @ 2:25pm

Farmers have mixed feelings about Code Section 179. Here are two comments from Agriculture.com:“I used to think that fast-writing items off was great, but when I stop to think about it . . . if I’m buying…

Lender Refinancing? By: 10/14/2014 @ 12:08pm

Will lenders help you restructure debt? Most won’t give a blanket yes or no. “Restructuring can be a viable option. It just depends on the individual circumstances,” says Bill Davis, chief credit…

Smart Moves for Tight Crop Margins By: 10/14/2014 @ 11:44am

No one is going to tell you exactly how to spend your money when buying inputs this fall for the 2015 growing season. No one knows your fields and production practices better than you do. Yet, as CPAs, farm…

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Senator Grassley and his Mower

I will cut expenses by reducing:

Inputs Personal living expenses Machinery expenses Labor Other than the above I will not reduce expenses Other/comment