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Full-Text Articles in Education
Prepaid Farm Expenses, Jeffrey E. Tranel
Prepaid Farm Expenses, Jeffrey E. Tranel
Rural Tax Education
Farmers and ranchers often pay for feed, supplies, fertilizer, and other inputs in one year and use those items in the following year. They may do so to pay lower prices, guarantee availability, for planning purposes, and/or other reasons.
The Internal Revenue Code allows qualified farmers and ranchers (farm-related taxpayers) to deduct the costs of such purchases in the year that the purchases are made rather than the year in which such items are used. Generally, the deduction for pre-paid farm supplies is limited to 50% of other deductible farm expenses (all schedule F deductions except supplies) for the year.
Ec12-823 2012 Nebraska Farm Custom Rates - Part I, Roger K. Wilson
Ec12-823 2012 Nebraska Farm Custom Rates - Part I, Roger K. Wilson
University of Nebraska-Lincoln Extension: Historical Materials
Every two years a survey of custom operators is conducted to determine the current rates charged for specific machinery operations. The survey is divided into Part I (EC12-823) and Part II (EC12-826). Part I includes the spring and summer operations such as planting and small grains harvest, and Part II includes information about fall and miscellaneous operations.
The information presented here should be used only as a guide. Rates change from year to year due to cost changes and the availability of custom operators.
Ec12-826 2012 Nebraska Farm Custom Rates - Part Ii, Roger K. Wilson
Ec12-826 2012 Nebraska Farm Custom Rates - Part Ii, Roger K. Wilson
University of Nebraska-Lincoln Extension: Historical Materials
Every two years a survey of custom operators is conducted to determine the current rates charged for specific machinery operations. The survey is divided into Part I (EC12-823) and Part II (EC12-826). Part I includes the spring and summer operations such as planting and small grains harvest, and Part II includes information about fall and miscellaneous operations.
The information presented here should be used only as a guide. Rates change from year to year due to cost changes and the availability of custom operators.