There are some new tax issues and resources for 2010 and 2011. Expenses increase. Tax Benefit – Section 179 Expensing Increased from $250,000 to $500,000 for 2010 and 2011. The recently passed “Small Business Jobs Act of 2010” signed into law Sept. 27 allows for opportunity for sizable tax write-off for farmers in 2010 and […]
With harvest completed for many and winding down for others, there seems to be more time this fall than in recent years to accomplish fall farm activities. Although the ‘to do list’ is never complete, now is the time to think about taking a management retreat. A two-day intensive management training program for business owners […]
Isn’t autumn in northeast Ohio a wonderful time? I hope your harvest season is going well. While area farmers are in the field, we at OSU Extension are planning our late fall and winter Extension management meetings for producers. Watch future columns for details about many of these programs which will be held in northeast […]
As the harvest season is well under way, it is a good time for a safety reminder. Whether the reminder comes from a co-worker, spouse, parent or child, it is important to make the effort to work safely. The few minutes you might save now by taking an unsafe shortcut, may end up costing you […]
Last Thursday, a tornado laid a path of destruction through the Ohio Agricultural Research and Development Center campus and surrounding community. In light of all the destruction, the true blessing was the minimal injuries to people and animals, especially with the Wayne County Fair wrapping up just down the road. Total cost Considerable time will […]
A farmer from a temperate zone, such as one who farms in Ohio, looking for the first time at a tropical rainforest would be wrong to think of the landscape as a farming bonanza. Many would think: “Just cut down these trees and let’s plant some useful crops. If this forest is so luxuriant, surely […]
COLUMBUS — How to price corn for silage is a perennially challenging question. The best answer will vary depending on the point of view: Are you buying or are you selling?
I cannot believe how fast the summer of 2010 has passed. As the days become shorter and corn silage harvest begins, each of us will have more on our plates as we rush to get our harvest completed while juggling the daily dairy chores. Operating a highly competitive dairy requires the talents of many people, […]
It is hard to believe, but corn silage harvest will start soon on many dairy farms. Please review the following information as you prepare for the upcoming harvest. At this time in the growing cycle, the most important manageable factor that will influence the nutritional value of this year’s corn silage is maturity at chopping. […]
Numerous Ohio farmers hire workers to complete machinery operations and other farm related work due to lack of equipment, time or expertise. Many farm business owners do not own equipment for every possible job they encounter in the course of operating a farm. Instead of purchasing the equipment needed, they seek out someone with the […]
Last weekend’s heat was the most challenging for bovines of all ages (and their people) so far this year. Milking cows are usually the primary focus of heat stress abatement strategies, as they are the animals generating the most heat on the farm due to their size and their stages of lactation. While they are […]
As farmers, we know the cows must be milked rain or shine, hot or cold, sick or not, but what do you do when the unexpected happens? Who milks the cows, makes sure the feeding and other work gets done when the person responsible for those chores is unexpectedly unable to fulfill their duties? There […]
When couples marry, they do so with the outlook that it’s a life-long commitment. Have you considered what might happen to the assets you and your family have worked hard to accumulate if that commitment is broken? Farm and agricultural businesses often have high capital investments in land, machinery, livestock, and miscellaneous equipment. The typical […]
Beginning in 2012, a little discussed mandate in the health care reform legislation will require any business — including a farm — that purchases more than $600 of goods or services from another business or individual to submit a 1099 tax from to the Internal Revenue Service.
As I was trying to determine a topic for this week’s column, I began thinking as I drove through several different counties that — with all the farm work that seems to be taking place all at once — maybe stress would be a good topic to revisit. Seasonal stress The seasonal stress of trying […]
Compensation of farm employees is a critical component of agriculture today. Farm employers must provide adequate levels of compensation if they expect to attract and retain quality employees while also maintaining a profitable farm business. Surveys As Extension professionals we are often consulted by farm owners about employee compensation and what they should expect to […]
The spring of 2010 has been exceptional. It has been great to see the progress our farmers are making across northeast Ohio and northwest Pennsylvania. This spring has just been tremendous! Today, I would like to remind producers about four great OSU Extension resources which are helping farmers keep their management skills on the cutting […]
The events of the past two years have given us cause to stop and ponder the quality of our life. Along the way, it would be good if we could take time to recognize some life-altering moments that provide the secure notion that dairy farming is indeed sustainable AND that we can feel satisfied with the quality of life that a dairy farm offers.
Cash flow planning. These are three words that typically inspire a response along the lines of “ugh,” “why?” or “never done it, never will.” If anything was ever going to happen to change that response, it would be the $1.50 drop in the Class III price from February to March, or more likely, the need […]
Blessed are those producing our food. Their resilience is unequaled; their patience, admirable. To me, they are a blessed mystery. Last year was arguably the worst year ever in our dairy industry. Some dairy farmers lost their lifelong savings — no big bailout for them. Yet, milk is still being produced, plentiful and wholesome. Laboring […]