Search
Displaying 91 - 100 of 648
February 4, 2013
Risk Management Strategies
either via the farm bill or other
legislation. Regardless … an unsubsidized rate for other production.
Vary Subsidy … payment limits exist for most other farm safety net
programs …
April 1, 2012
Connecting Livestock Producers with Recent Economic Research (CLPER)
livestock producers and
other industry decision makers.
1 … usually involve more than
meets the eye. The economies of … However, the impacts on other beef and
non-beef meat products …
August 1, 2008
KFMA Newsletters
there is enough cash flow to meet retirement and
farm operation … the standard deduction to meet before charitable
deductions … commodity gift combined with
any other unearned income to someone …
June 28, 2017
KFMA Newsletters
farms fared better than in other
areas, with average NFI … the $3.50 or lower range. Other Kansas crops are not much … costs over
more acres. Others have had to restructure short …
May 4, 2017
Risk Management Strategies
wheat marketing issues. Our meeting tour included both non-delivery … and cash. However, many other topics were covered by this … uncertainty for bakers and
others who use wheat futures to …
May 18, 2018
Risk Management Strategies, Grain Market Outlook
the agenda of the April 5-6 meeting did not allow enough time … price if she is selling. In other
words, an aggressor order … dealer has to
accept the other persons’ offer or there …
December 16, 2019
Grain Market Outlook
increases of 15 mb for the other classes of wheat in MY 2019/20 … prices can improve relative to other U.S. feedgrains … President Donald Trump and other trade officials said the …
April 6, 2018
KFMA Newsletters
4
Standard Deduction
The standard deduction was increased to $24,000 for married taxpayers and to $12,000 for single taxpayers for tax years
2018 to 2025. This will decrease taxable income by $11,000 for a married couple ($5,500 for a single taxpayer) when
compared to the old law. This increase will make it more difficult for a taxpayer to itemize deductions. See line 40 of
your 2017 Form 1040.
Itemized Deductions
In addition to the increase in the standard deduction (which makes itemizing deductions much more difficult under the
TCJA), several significant changes were made to itemized deductions for tax years 2018 through 2025.
The change that seems to have generated the most discussion (and confusion) is the $10,000 limit on deductions for
home real estate tax, non‐farm personal property tax, and state income tax or local sales tax. See lines 5‐8 on your 2017
Schedule A (if applicable). This does not impact the deduction for real estate tax paid on agricultural land or personal
property tax paid on farm business property.
For tax years 2018 through 2025, you will not be able to deduct mortgage interest paid on home equity loans (loans not
for home purchase or remodel). Additionally, the amount of mortgage interest you can deduct may be limited if the
mortgage was incurred before December 15, 2017 and the balance is greater than $1,000,000. For loans beginning after
December 15, 2017, your mortgage interest deduction may be limited if the loan exceeds $750,000. See lines 10 and 11
on your 2017 Schedule A (if applicable).
Prior to the TCJA, the deduction for charitable contributions of cash was limited to 50% of adjusted gross income.
Contributions beyond this limit were carried forward and could be deducted in future years. The TCJA increases this
limit to 60% of adjusted gross income. However, the TCJA eliminates any deduction for mandatory contributions to
university funds that give you seating preference (such as KSU’s Ahearn Fund). See line 16 on your 2017 Schedule A (if
applicable).
Miscellaneous itemized deductions, which are subject to a 2% of adjusted gross income floor, will no longer be allowed.
This includes, among other things, unreimbursed emplo …
February 6, 2017
defaulted
Most buyers of farmland are other farmers
Between 72% and 81 … Iowa farmland buyers are other farmers over period of 2008 … gross income.
Where is the other 62.4% portion of net return …
September 1, 2005
Farm Business and Transition Planning
has no desire). In many other
instances, however, it appears … business, while
siblings pursue other careers and activities … approximate historical returns to other
similar investments, a minimum …