finances

Farmers Encouraged To Review Tax Documents Before Tuesday
Farmers Encouraged To Review Tax Documents Before Tuesday
March 1st is a big day for the farming community when it comes to taxes. Agricultural Tax Professor Roger McEowen said your documents should be completed, so now is a good time to review your documents to make sure everything is correct. "Did you properly claim all of the farm related deductions you are entitled to and can substantiate ...
USDA Report Many Farms Don’t Make Money
USDA Report Many Farms Don’t Make Money
According to a recent USDA report, of the nearly two million households running a farm in the United States, a little more than half of those owners lose money on the operation.  Daniel Prager, USDA economist, says smaller farms are more likely to lose money.  He...
Ag Economist Farming Preparing For “Financial Winter”
Ag Economist Farming Preparing For “Financial Winter”
If you’re not happy with the weather, wait a little while and things will change.  That phrase works not only for the weather, but the overall ag economy.  Ag economist and financial analyst Dr. Dave Kohl recently spoke at the 2017 Ag Bankers Conference in Wisconsin.  He said the a...
FSA Guaranteed Loans for Beginning Farmers and Ranchers
FSA Guaranteed Loans for Beginning Farmers and Ranchers
Getting into agriculture is difficult enough and the USDA and FSA are offering guaranteed loans as a way to help some of the financial burdens.   Nathan Franzen with First Dakota National Bank is one of the lending institutions that use the guaranteed loan program said, “The FSA Guaranteed Loan Program is a significant tool for us to help farmers and ranchers. Certainly we u...