Dairy Excel

Dairy Excel | Plan ahead: Tax management of oil and gas income for farm families

The interest in leasing land for oil and gas production throughout eastern and southeast Ohio has been high, with expansion to northern parts of Ohio starting to occur. This expansion will change the lives of many farm families and communities for years to come, as large sums of new money make their way into the hands of families.

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Dairy Excel: Embracing the reality of dairy farming economics has been difficult this year

We sometimes attempt to deny reality as a coping mechanism for an issue we simply don’t want to deal with if accepting the reality is too painful. This behavior sometimes exists relative to the economics of dairy farming.

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Crop input outlook for next year

Crop profitability prospects for 2012 are positive for the three major row crops in Ohio. Input costs have increased from last year but high futures prices for 2012 crops allow producers to plan for positive margins for next year. OSU Extension Enterprise Budget projections show positive returns for corn, soybeans and wheat in 2012. OSU [...]

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Dairy Excel: Tax planning will be a mixed bag for Ohio’s dairy farm businesses this year

It is critical to get books fully caught up and to project income and expenses through the end of the year — whether your gut tells you the results will look good or not so good.

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Dairy Excel: If accepting risk is your personal preference, why am I paying for it?

Some people believe that non-pasteurized milk is healthier than pasteurized milk. I myself wouldn’t care that some people willingly decided to consume raw milk if their choice wouldn’t affect others, myself included. But it does, both financially and from a public safety standpoint.

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Dairy farmers should analyze their operation closely to ensure profits

The Class III price moved from $21.67/cwt in August to $19.07/cwt in September, a drop of $2.60/cwt. Although a Class III price above $19/cwt would have been a high price just a few years ago, this is no longer the case with current feed prices.

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Changes to minor labor laws proposed

A proposal has been made to make revisions in the Fair Labor Standards Act as it relates to the employment of minors on farms. Below is a recent fact sheet from the Department of Labor about the proposed changes. If you employ minors on your farm, read the proposed changes and note the public comment [...]

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Several tax classes available this fall

Hello northeast Ohio. Isn’t autumn a wonderful time? I really love this time of year. The cooler nights, the smells and sights of harvest and the spectacular colors of the leaves all make northeast Ohio a great place to live. Farm tax program Tax practitioners with an interest in farm income taxes will have an [...]

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Dairy Excel: Everyone brings different skills to the farm, the challenge is matching to task

Farming has seen many changes and advancements in technology that has allowed and even encouraged more daughters to think about returning to a business that was once thought of as a ‘man’s business.’

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Dairy Excel: Important questions for dairy farmers within the next 45 days

For a dairy farmer, the fall season is a critical time. Within 45 days, all forage should be harvested. For some areas, forage harvest has already been completed for one to two weeks.

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Being just one of the crew turns out to be good experience for new graduate

Steve, his mom and I drove to the airport in Cleveland June 30 with our oldest son, Austen and put him on an airplane to Selden, Kan. A whole 25 days after graduating from high school, he was off to live a dream he has had since at least the eighth grade, to spend a [...]

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Dairy Excel: Practical things to do about rising feed costs and today’s milk prices

Since September 2006, U.S. corn has not traded under $3/bushel — not one single time — and chances are good that we will never see corn under $3 per bushel ever again. Meanwhile, milk prices have played yo-yo like never before.

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The Ayars theory: E = mc2

With all due respect, move over, Einstein. I have developed my own theory of relativity as it relates to positive youth development. Endurance = Motivation x Challenge squared. At each 4-H dairy event this year, I have observed youth in the learning environment and I am curious as to what methods are used to teach [...]

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Dairy Excel: Establishing a fair fixed cash rental rate may not be as easy as thought

Ultimately, supply and demand of cropland for rent will determine the cash rental rate for each parcel. The expected return from producing crops on a farm parcel is the overriding factor in determining the demand for a farm and is the primary driver in establishing a fair rental rate. Local supply and demand of cropland [...]

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