One of the better tax credits relates to increasing research and development (R&D) in your farm operation. Congress has expanded the availability of the credit, and many farmers now qualify to take it.
News is breaking late Friday. President Trump is announcing of a Phase 1 agreement between the U.S. and China concerning trade. Clinton Griffiths, the Host of AgDay, has analysis from a Washington Correspondent.
According to the National Weather Service, farmers in the Midwest and eastern U.S. can expect above-normal precipitation in March, April and May. The Southwest and West are expected to see below-normal precipitation.
USDA announced details of a second tranche of MFP payments, but growers may want to talk with their tax specialist before rushing to the Farm Service Agency (FSA) office according to a Farm Journal tax expert.