“Trust but verify” was one of Ronald Reagan’s favorite sayings.
After the year is over, it’s pretty much too late to do any significant tax planning, like purchase equipment or defer revenue.
Here are some of the big players in the agri-finance universe, including banks, nonbank finance companies, farmer-owned lending co-ops, REITs, private equity funds, and pension funds.
The IRS directs its agents to find out: (a) if you have a fuel storage tank on the farm and (b) how you account for personal use of fuel taken out of that tank.
The financial strength of any business is tied to the financial strength of the business owner. As a result, your whole personal financial situation is tied up in your farm financial strategy.
Now fish accounts for about 17% of all animal protein consumed by the global population.