National Grain and Feed Association calls on IRS to clarify provisions surrounding Section 199A of Tax Cuts and Jobs Act of 2017.
The Protecting Family and Small Business Tax Cuts Act of 2018 addresses bonus depreciation and the estate tax.
The reduction in average effective income tax rates resulting from the tax bill varies across family farm sizes.
Total dollar volume of loans grows while number of new loans made in 2017 dropped by 9.8%.
The Federal Reserve is tightening credit and the fixed rate on U.S. farm loans is up to a five-year high of 5.6%.
Farm Credit Administration board hears report on farm economy.
U.S farm banks increased agricultural lending by nearly 6%, or $5.9 billion, to $106 billion in 2017.
Time to assess the farm for 2018 under the new tax law.