It's time to make elections for the Farm Bill's ARC/PLC programs for the 2022 crop year, and OSU's Farm Bill Decision Toolcan help. We have a newly updated software program to assist producers with evaluating ARC/PLC scenarios and options. The deadline to enroll and make amendments is March 15, 2022, so check out the tool now on ourDecision Aids page.
By: Barry Ward, Leader, Production Business Management, College of Food, Agricultural and Environmental Sciences, Ohio State University Extension
Each year, preliminary crop enterprise budgets are unveiled at the Farm Science Review which reveals our best estimates for costs and returns for the main row crops in Ohio for the upcoming year. With continued high crop prices projected for 2022 there is some optimism, however, higher costs will likely decrease profit margins to levels lower than 2021 margins.
"Farm Office Live" is an opportunity for you to get the latest outlook and updates on ag law, farm management, farm business analysis, and other farm office issues from Extension faculty in the College of Food, Agriculture and Environmental Sciences at OSU. Join us this month as we broadcast live from Farm Science Review on Thursday, September 23, 2021 at 10 a.m. (EST). To register, please visithttps://farmoffice.osu.edu/farmofficelive.
Are you getting the most from your tax return? Farmers and farmland owners who wish to increase their tax knowledge should consider attending this webinar that will address tax issues specific to this industry. Content focuses on important tax issues and will offer insight into new COVID related legislation.
Ohio cropland varies significantly in its production capabilities and, consequently, cropland values and cash rents vary widely throughout the state. Generally speaking, western Ohio cropland values and cash rents differ from much of eastern Ohio and parts of southern Ohio cropland values and cash rents. The primary factors affecting these values and rates are land productivity and potential crop return, and the variability of those crop returns.
COLUMBUS, Ohio – How to deal with tax liabilities in the event of the death of a taxpayer and how to report financial distress are among the topics to be discussed during the upcoming Tax School workshop series offered throughout November and December by tax experts with the IRS and the College of Food, Agricultural, and Environmental Sciences at The Ohio State University.
COLUMBUS, Ohio – The College of Food, Agricultural, and Environmental Sciences at The Ohio State University will offer a daylong webinar Dec. 19 on the special issues with farm tax returns for farmers, farm representatives and rural landowners.
What does it take to successfully pass on the farm business to the next generation? It takes a lot of hard work, time and communication to make a successful management transfer. The Farm Transition Team of OSU Extension is pleased to be offering a series of workshops across Ohio to help farm families plan for the transition of their business to the next generation.