Food, Agriculture, and Resource Economics

2017 Tax Reform Law and Agriculture

by Levi Russell Last year an overhaul of the tax code was passed by Congress and signed into law by President Trump. We thought we would put together a resource page on the aspects of the law that will affect agricultural producers. First, a rather lengthy article covering all aspects…
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Lenders Indicate Increase in Non-Performing Loans

by Brady Brewer In a recent survey of agricultural lenders from across the nation conducted by researchers at the University of Georgia and Kansas State University, agricultural lenders indicated that non-performing loans increased and lenders expected this pattern to continue in the short and long term (Brewer et al., 2017)….
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Use Accrual Accounting to Better Gauge Farm Profitability

By Amanda R. Smith Most farmers are familiar with the method of cash-based accounting. With cash-based accounting, a farmer records income when they receive a cash payment for their crops, animals or animal products. Furthermore, they record an expense when a payment is made by the farmer to the input…
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