This information sheet will discuss three different strategies producers ... Machinery expenses are some of the most substantial expenses for a farm and having sufficiently operating machinery is key.

We call these items prepaid farm expenses. The tax rules are very specific on how to handle these costs. First, the invoice must be for a specific item, price per quantity and then an extension of ...

Why the big swing? High operating expenses, says Pauline Van Nurden, economist for the Center for Farm Financial Management at the University of Minnesota. Based on 2023 projections, corn input ...