The Farm + Ag CPA Show

A podcast for crop farmers with 2,000 to 20,000 acres aiming to increase profits and stay current in a changing agricultural landscape. Topics cover how to save more money, lower your taxes significantly, prepare for land purchases, secure retirement finances, and protect your farm and family.

GPs and JVs as Legal Entities Under ECAP: How to Track Partner Income and Protect Your Farm Payments

GPs and JVs as Legal Entities Under ECAP: How to Track Partner Income and Protect Your Farm Payments

Discover how the new Emergency Commodity Assistance Program (ECAP) treats general partnerships (GPs) and joint ventures (JVs) as legal entities, and why tracking partner income is crucial. Learn the more-than-75% farm income threshold, how to set up a simple spreadsheet, and get actionable tips to keep your farm’s finances on track.

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Cost of Production vs. Cost per Acre: Which Metric Drives Farm Profitability?

Cost of Production vs. Cost per Acre: Which Metric Drives Farm Profitability?

Discover which farm financial metric—cost of production or cost per acre—provides the most actionable insights for your operation. Learn how tracking the right costs can increase profitability through data-driven decision making.

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Audit-Proof Your Farm: Quick Tips to Minimize Audit Risks

Audit-Proof Your Farm: Quick Tips to Minimize Audit Risks

Running a successful farm takes more than hard work—it requires careful financial planning, emotional resilience, and trust in proven strategies. In this post, we’ll explore practical steps to protect your farm from IRS audits, like meticulous record-keeping and leveraging deductions, while also addressing the pride and security that come with knowing your finances are in order. Backed by years of experience and a deep understanding of agricultural needs, this guide will equip you with the tools and confidence to safeguard your farm's future.

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Operating vs. Capital Expenses: A Farmer’s Guide to Deductions

Operating vs. Capital Expenses: A Farmer’s Guide to Deductions

Tax season can be a daunting time for farmers, especially when it comes to understanding the nuances of deductions. Knowing the difference between operating and capital expenses is crucial for maximizing tax savings and ensuring compliance with IRS regulations. This guide will break down these categories and provide examples to help you confidently categorize your farm expenses.

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