November 23, 2022

Tax Planning & Working Capital in a Strong Income Year

For many crop and livestock producers, 2021 and 2022 were both strong net farm income years making tax planning strategies important. Purdue agricultural economists Brady Brewer and Michael Langemeier discuss strategies that will help reduce tax liabilities while also maintaining working capital in this episode of the Purdue Commercial AgCast. Strategies to consider include deferring income, prepaying expenses, retirement plan contributions, bunching itemized contributions, or hiring your children all of which won’t drain your farm’s working capital as much as using accelerated depreciation. Preserving working capital for family living and principal payments may be necessary for 2023 if higher breakeven prices and lower cash flows hold true to current 2023 projections. Slides from the discussion can be found below.






Tax Planning for High-Income Years

October 13, 2022

Due to weather and rapidly changing market conditions from year to year, farm income can vary substantially from one year to the next. For many producers, 2021 and 2022 have been relatively strong net farm income years. Therefore, tax planning strategies will be relatively important. This article briefly discusses some common tax planning strategies.


Financial Management – Statements & Analysis

October 13, 2020

A series of financial management articles that examine financial statements and financial analysis. Financial management involves the evaluation of liquidity and solvency, financial planning, acquisition and use of financial resources, asset purchases and farm growth, and relationships with agricultural lenders.


​Ag Business Climate Outlook for 2018

January 9, 2018

Recorded January 3, 2018 | Purdue ag. economists Chris Hurt, Michael Langemeier & Jim Mintert discuss the ag. economy outlook and management strategies for 2018.



We are taking a short break, but please plan to join us at one of our future programs that is a little farther in the future.