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As year-end approaches, business owners and farmers often start thinking about purchasing equipment to help reduce taxable income.

Having solid working capital gives you room to move when a good lease comes up, a piece of ground becomes available, seasonal bills pile up, or weather and markets throw you a curveball.

It’s no secret that input costs are up and many farmers are concerned about how they’re going to cover their expenses this fall. One item that may be a timely boost to cash flow is the potential ARC/PLC payment.

When it’s time to meet with your lender, preparation matters.

An active farmer or landowner who acquires land, either by purchase or inheritance, may elect to deduct the value of residual fertilizer present in the ground at the time of purchase (or inheritance).

Qualified farmers now have the option to pay their taxes on the gain from the sale of farmland in four equal installments.

Gearing up for harvest lunches? Get the scoop on changes to the ‘board for labor’ deduction.

Unsure of how to fill out the form? Click the link below for some helpful pointers.

Understanding Trump Accounts:
How a new tax-favored savings account for children can grow into a nice nest egg down the road.

This nearly 900-page tax bill was signed by President Trump on July 4, 2025.  It makes many of the individual tax cuts and reforms from the 2017 Tax Cuts and Jobs Act permanent.  There are also some significant tax impacts for farmers. Link to Summary