Employers Must Use New 1-9 Form Beginning January 22, 2017

by Peggy Hall

Beginning January 22, 2017, employers must use a new version of Form I-9 for employment eligibility verification of new hires.  The U.S. Citizenship and Immigration Services (USCIS) revised Form I-9  last November and gave employers a short grace period for making the conversion to the new form, dated 11/14/16.  The new form is available on the USCIS website at https://www.uscis.gov/i-9.

Employers will  notice several improvements to the new I-9:

  • The instructions are now separate from the form and include specific guidance on each section.
  • The form is much more computer-friendly, with drop-down lists, calendars, on screen prompts and instructions for each field, a “start over” button and easy access to full instructions.
  • The employer may now list more than one preparer and translator who assisted in completion of the form.
  • In the first section, the employer must list only “other last names used” rather than “other names used.”
  • A new “additional information” box provides space for the employer to note important information for the employer’s purposes such as additional documents presented, employee termination dates or form retention dates.

Employers must complete a Form I-9 to verify the identity and employment authorization of every individual hired for employment.  For more information, see our previous post on Form I-9, and visit the USCIS’s “I-9 Central” at https://www.uscis.gov/i-9-central.

 

Women in Agriculture Lady Landlord Program to Be Held in Coshocton and Putnam Counties on February 11

Coshocton County and Putnam County OSU Extension will host a Women in Agriculture program on Saturday, February 11 from 10:00 a.m. – 2:00 p.m. The interactive Lady Landlord workshop provides women landowners with the confidence, skills, and resources necessary to interact with tenants, develop and negotiate lease arrangements, and more. Registration includes all materials with lunch provided.

Topics for the day will include addressing the risks of leasing, verbal versus written leases, nuts and bolts of a lease, communicating with your tenant, negotiation process and skills, factors that affect the rental rate and more.

This workshop will share OSU Extension field specialist and educators between the Coshocton County and Putnam County locations utilizing technology for live streaming.  Peggy Hall and Emily Adams will teach from Coshocton County and Beth Scheckelhoff and Tony Nye will teach from Putnam County.

Cost for the Lady Landlord program is $20. For the Coshocton County location, please visit coshocton.osu.edu for a registration flyer or contact Emily Adams with questions at 740-622-2265 or adams.661@osu.edu .

For the Putnam County location, please visit putnam.osu.edu for a registration flyer or contact Beth Scheckelhoff with questions at 419-592-0806 or scheckelhoff.11@osu.edu .

 

OSU Outlook Schedule Released

Ohio State University Extension is pleased to announce the 2017 Agricultural Outlook Meetings! Join the faculty from Ohio State University Extension as they discuss the issues and trends affecting agriculture in Ohio. Each meeting is being hosted by a county OSU Extension office or agribusiness to provide a local personal contact for this meeting. A meal is provided with each meeting and included in the registration price. Questions can be directed to the local host contact.  Information on each location and the topics/speakers are listed below.

Date:           January 24, 2017

Location:    Emmett Chapel, 318 Tarlton Rd, Circleville, OH

Time:           7:30 am

Cost:            $10/person

RSVP:          OSU Extension Pickaway County, 740-474-7534

By:                January 17, 2017

Speakers: Peggy Hall, Carl Zulauf, Mike Estadt, and Chris Bruynis

 

Date:           January 26, 2017

Location:    Jewell Community Center, 7900 Independence Road, Defiance OH

Time:           6:00 pm

Cost:            $15/person or $30 at the door

RSVP:          OSU Extension Defiance County, 419-782-4771 or clevenger.10@osu.edu

By:                January 19, 2017

Speakers: Barry Ward, Carl Zulauf, and David Marrison

 

Date:           January 27, 2017

Location:    Der Dutchman, 445 S Jefferson Ave, Plain City, OH 43064

Time:           8:30 am

Cost:            $10.00

RSVP           OSU Extension Union County at 937-644-8117

By:                January 20, 2017

Speakers:                 Peggy Hall, Carl Zulauf, and Barry Ward

 

Date:           January 31, 2016

Location:   Masters Building, Wyandot County Fairgrounds Upper Sandusky

Time:           9:00 am

Cost:            $15/person (if no RSVP)

RSVP:         AgCredit, Upper Sandusky 419-294-4933

By:               January 24, 2017

Speakers: Barry Ward, Carl Zulauf, AgYield, and Milligan Crop Insurance Agency

 

Date:           February 2, 2017

Location:    Fisher Auditorium, OARDC, 1680 Madison Ave, Wooster

Time:           9:30 am

Cost:           $15/person

RSVP:         Wayne County Extension office at 330-264-8722 or lewandowski.11@osu.edu

By:               January 26, 2017

Speakers: Carl Zulauf, Dianne Shoemaker, Peggy Hall, David Marrison, John Grimes, and Rory Lewandowski

 

Date:           February 3, 2017

Location:   Romer’s Party Room, 118 East Main Street, Greenville, Ohio 45331

Time:           12:00 noon

Cost:            $20/person

RSVP:          OSU Extension, Darke County, 937.548.5215 or custer.2@osu.edu

By:                January 27, 2017

Speakers: Carl Zulauf, Barry Ward, Dale Richer, David Marrison

 

Speaker                      Topic/Title

Carl Zulauf                 Speculation on President Trump’s Policy Agenda and What are Grain Markets Telling US?

Barry Ward               Examining Land Values, Rents, Crop Input Costs & Margins 2017

Peggy Hall                 Ten Legal Trends that could Change Agriculture

David Marrison       Farm & Estate Tax Laws – Planning for an Uncertain Future

Chris Bruynis            Farm & Estate Tax Laws – Planning for an Uncertain Future

Rory Lewandowski   Examining Land Values, Rents, Crop Input Costs & Margins 2017

Mike Estadt              Examining Land Values, Rents, Crop Input Costs & Margins 2017

Matt Roberts           What are Grain markets Telling Us?

Dale Richer         Swine Outlook

New Deadline for Reporting Non-Employee Compensation on Form 1099

By: David Marrison, Associate Professor & Extension Educator

There is a new change from the Internal Review Service which farmers need to be aware of in regards to the Form 1099. New this year is a provision that if the Form 1099s is being issued to report “Non-Employee Compensation” it is due both to the recipient and to the IRS by January 31, 2017.   The recipient due date has always been January 31, but taxpayers usually had until February 28 or in the case of e-filed returns March 31 to file with the IRS.  However, this is no longer true for those receiving a 1099 for non-employee compensation.  They are due to both by January 31 with no extensions.

A Form 1099 for “non-employee compensation” is generally required if the total payments for services exceeds $600 during the calendar year. Examples of this could be for hiring a neighboring farmer to harvest, spray, or plant your crops.  It could also include hiring a professional such as an accountant or veterinarian.  Reporting is needed for payments made to unincorporated businesses (ie. sole proprietorship or LLC) in excess of $600.  Generally payments to a corporation do not require a 1099 to be issued or payments made to LLC which have elected to be taxed as a corporation.  One exception that should be noted is that payments over $600 to an attorney, regardless of business entity (corporation or unincorporated), need to have a Form 1099-MISC issued.

Form 1099s are also used for report rent paid to landlords, royalty payments from gas wells, and for reporting crop insurance proceeds. For 1099s issued for these other reasons, they still must be to the recipient by January 31 but remain under the old filing deadline to the IRS of February 28 or in the case of e-filed returns March 31.  However, it is recommended that you file all of your Form 1099s at the same time.  This way you don’t forget to file the other forms by the later due date!

It is highly recommended that farmers obtain a Form W-9 from each business they purchase products and services from. This form provides the necessary information that allows you to process the Form 1099. Don’t guess on if the entity is a corporation or not.  The W-9 will indicate the type of entity.  You do not need to get a new Form W-9 each year, but it is a good idea to get them updated annually if you can.

It should be noted that payments paid for products do not require a Form 1099 to be filed. Therefore, when farmers buy fertilizer or feed, they are not required to issue a Form 1099.  However, if services are provided along with a product (ie. you hire for the spraying and the entity provides the spray chemicals) then a Form 1099 is required and the form should include the total payment made.

More information about 1099 reporting can be obtained at the Internal Revenue Systems website at: https://www.irs.gov/uac/about-form-1099misc.  And just a friendly reminder, if you miss the deadline or do not issue Form 1099s that are required, the penalty for EACH form 1099 not timely filed is $250 for not sending to the recipient and $250 for not filing with the IRS.

Click here to access the form 1099: https://www.irs.gov/pub/irs-pdf/f1099msc.pdf.

New & Small Farmer to be held in Clermont County

Are you a small farm landowner wondering what to do with your acreage? Are you interested in exploring options for land uses but not sure where to turn or how to begin? Have you considered adding an agricultural or horticultural enterprise but you just aren’t sure what is required, from an equipment, labor, and/or management perspective? Are you looking for someplace to get basic farm information? If you or someone you know answered yes to any of these questions, then the OSU Extension Small Farm College program may be just what you are looking for.

OSU Extension is offering a program targeted at the new and small farmer. The Ohio New and Small Farm College is an 8-week program that introduces new and even seasoned farmers to a wide variety of topics. The program will teach participants how to set goals, plan, budget, and where to find resources available for them if they chose to start a small farming operation. The courses will lay out how to manage financial and farm records.

Extension Educators will illustrate many different enterprises that can be profitable on land as small as one acre. The educators will show the benefits and pitfalls of each enterprise so that the participant will be able to pick and choose what may work best for them and what suits their interest. To round out the experience, a bus tour will be held around area farms so that participants can see firsthand how small farm life works, and also make contacts of practicing farmers in the area.

The Small Farm College was originally conceived as a way to help southern Ohio’s tobacco farmers make the transition away from that crop as government subsidies were phased out. OSU extension educators soon realized such programming also could benefit rural landowners who own small acreage in the countryside. Since 2005, past regional Southern Ohio New and Small Farm Colleges have helped over 700 individuals representing over 500 farms from 60 Ohio counties improve the economic development of their small family-owned farms. This program can help small farm landowners and farmers diversify their opportunities into successful new enterprises and new markets. And, it can improve agricultural literacy among small farm landowners not actively involved in agricultural production.

Many program participants don’t expect to make a living off the land, but do want to recoup something, said organizer Tony Nye of OSU Extension in Clinton County. First time farmers want their interaction with their land to be productive.

“They like living in the country, getting their hands dirty,” Nye said. “That has been their motivation for buying land.”

The New and Small Farm College will be conducted in Clermont County at the OSU Extension Office, 1000 Locust Street, Owensville, Ohio, on Thursdays, beginning Jan. 12, 2017, through March 2, 2017. Classes run from 6:30 to 9 p.m. each week with dinner beginning at 6 p.m.

Limited to the first 50 registrations per location.

The cost of the course is $150 per person, $100 for an additional family member. Along with the vast resources and knowledge gained, participants will receive a notebook (per each $150 registration) of all resource materials, a soil test, dinner, refreshments, and a tour. Registrations are now being accepted. Individuals interested in the program may contact the Clermont County Extension office at 513-732-7070. Registration brochures for the program can also be found online at clermont.osu.edu and are available in area Ohio State University Extension offices.

For further information, contact Tony Nye, OSU Small Farm Program Coordinator at 937-382-0901 or email at nye.1@osu.edu or Gigi Neal, Clermont County ANR Educator at 513-732-7070 or email at neal.331@osu.edu.

USDA Makes it Easier to Transfer Land to the Next Generation of Farmers and Ranchers

DES MOINES, Iowa, Dec. 29, 2016 – Agriculture Deputy Under Secretary Lanon Baccam today announced that beginning Jan. 9, 2017, the U.S. Department of Agriculture (USDA) will offer an early termination opportunity for certain Conservation Reserve Program (CRP) contracts, making it easier to transfer property to the next generation of farmers and ranchers, including family members. The land that is eligible for the early termination is among the least environmentally sensitive land enrolled in CRP.

This change to the CRP program is just one of many that USDA has implemented based on recommendations from the Land Tenure Advisory Subcommittee formed by Agriculture Secretary Tom Vilsack in 2015. The subcommittee was asked to identify ways the department could use or modify its programs, regulations, and practices to address the challenges of beginning farmers and ranchers in their access to land, capital and technical assistance.

“The average age of principal farm operators is 58,” said Baccam.  “So, land tenure, succession and estate planning, and access to land is an increasingly important issue for the future of agriculture and a priority for USDA. Access to land remains the biggest barrier for beginning farmers and ranchers.  This announcement is part of our efforts to address some of the challenges with transitioning land to beginning farmers.”

Baccam made the announcement while touring the Joe Dunn farm in Warren County, located in central Iowa near Carlisle. Dunn is the father-in-law to Iowa native and former Marine Aaron White, who with his wife, are prospective candidates for the early termination program.  Baccam was joined by Farm Service Agency Iowa State Executive Director John Whitaker when meeting with Dunn and White.

“The chance to give young farmers a better opportunity to succeed when starting a farming career makes perfect sense,” said Baccam. “There are Conservation Reserve Program acres that are rested and ready to be productive, an original goal of CRP. The technical teams at USDA will tell us which ones can terminate from the program with little impact on the overall conservation efforts. When they do, we’ll be ready to help beginning farmers like military veteran Aaron White.”

Normally if a landowner terminates a CRP contract early, they are required to repay all previous payments plus interest.  The new policy waives this repayment if the land is transferred to a beginning farmer or rancher through a sale or lease with an option to buy.  With CRP enrollment close to the Congressionally-mandated cap of 24 million acres, the early termination will also allow USDA to enroll other land with higher conservation value elsewhere.

“Starting the next generation of farmers and ranchers out with conservation and stewardship in mind is another important part of this announcement,” Baccam said.  “The land coming out of CRP will have priority enrollment opportunities with USDA’s working lands conservation programs through cooperation between the Farm Service Agency and the Natural Resources Conservation Service.”

Acres terminated early from CRP under these land tenure provisions will be eligible for priority enrollment consideration into the CRP Grasslands, if eligible; or the Conservation Stewardship Program or Environmental Quality Incentives Program, as determined by the Natural Resources Conservation Service.

According to the Tenure, Ownership and Transition of Agricultural Land survey, conducted by USDA in 2014, U.S. farmland owners expect to transfer 93 million acres to new ownership during 2015-2019. This represents 10 percent of all farmland across the nation. Details on the early termination opportunity will be available starting on Jan. 9, 2017, at local USDA service centers. For more information about CRP and to find out if your acreage is eligible for early contract termination, contact your local Farm Service Agency (FSA) office or go online at www.fsa.usda.gov/crp. To locate your local FSA office, visit http://offices.usda.gov/.

Since 2009, USDA has invested more than $29 billion to help producers make conservation improvements, working with as many as 500,000 farmers, ranchers and landowners to protect over 400 million acres nationwide, boosting soil and air quality, cleaning and conserving water and enhancing wildlife habitat. For an interactive look at USDA’s work in conservation and forestry over the course of this Administration, visit http://medium.com/usda-results.

Western Ohio 2017 Agriculture Outlook Meeting

by Sam Custer, Extension Educator

What does 2017 look like for Western Ohio farmers and agricultural businesses?

Learn what to expect this year during an agricultural outlook meeting February 3 at noon presented by agriculture economists and swine specialist with the College of Food, Agricultural, and Environmental Sciences at The Ohio State University.

The presentation is part of the 2017 Agricultural Policy and Outlook series offered by The Ohio State University Extension, the outreach arm of the college. The meeting is being hosted by the Agriculture and Natural Resources Educators from Auglaize, Darke, Miami, Mecer and Shelby Counties.

The meeting is partially sponsored by Farm Credit Mid America Merchants Bank of Indiana, Minster Bank, Second National Bank, The Andersons and Ohio’s Country Journal and Ohio Ag Net.

The meeting will feature presentations on matters the agricultural community should expect in 2017, including policy changes, key issues and market behavior with respect to farm, food and energy resources, and the environment, said Sam Custer, OSU Extension, Darke County Educator.

“Participants can listen and learn from Ohio State faculty as they discuss the opportunities and challenges for the agricultural sector as well as interpret the impact of recent policy decisions,” Custer said.

Speakers for the outlook meeting are:

Dale Richer, State Swine Specialist, OSU Extension

Carl Zulauf, Professor Emeritus, Ohio State University

Barry Ward, Asst. Professor, OSU Extension, Production Business Management

David Marrison, Assoc. Professor, OSU Extension

What we’ll cover:

  • Ohio Swine Production Update
  • Speculation on President Trump’s Policy Agenda
  • Examining Land Values, Cash Rents, Input Costs & Potential Crop Profitability in 2017
  • What Are Grain Markets Telling Us?
  • Farm & Estate Tax Laws – Planning for an Uncertain Future

“These presentations will provide excellent information and insights that will benefit farmers and agricultural leaders as they make plans for 2017 and beyond,” Custer said.

The meeting will be held at the Romer’s Party Room, 118 East Main Street, Greenville, Ohio.

Registration for the meeting is $20 (includes lunch) by January 27.  A registration flyer can be downloaded at http://go.osu.edu/2017darkeagoutlook.

For more information about the meeting, contact Custer at custer.2@osu.edu or 937.548.5215.

 

For more detailed information, visit the Darke County OSU Extension web site at www.darke.osu.edu, the OSU Extension Darke County Facebook page.

Final Repair Regulations Add Another Tax Management Tool for Farmers

by: Barry Ward, Leader, Production Business Management & Director, OSU Income Tax Schools – Ohio State University Extension

Edited material from the “National Income Tax Workbook 2016”, Land Grant University Tax Education Foundation Inc.

The final tangible property (property that can be felt or touched) regulations affect all taxpayers who acquire, produce, or improve tangible property. The regulations clarify whether costs are currently deductible or whether the taxpayer must capitalize and depreciate the costs. The final regulations are generally effective for tax years beginning on or after January 1, 2014.

The final repair regulations include a de minimis (the law/IRS does not concern itself with anything under this amount) safe harbor that allows taxpayers to elect to deduct the cost of tangible property, rather than recover­ing the cost through depreciation expense. The de minimis safe harbor increases a farm client’s ability to expense the purchase cost of livestock and small equipment.

Under the Treas. Reg. § 1.263(a)-1(f)(1) de minimis safe harbor, a taxpayer can take a current-year deduction (when the cost is paid or incurred) for the acquisition or production of units of tangible property that cost less than a specified amount, even if the taxpayer would normally have to capitalize the cost, or deduct the amount paid when the property is first used or consumed in the business. Thus, a farm client may be able to deduct otherwise capitalizable expenditures under the safe harbor. However, for a farmer who intends to later sell the property at a gain, electing the de minimis safe harbor may increase the tax owed on the later sale.

Although the taxpayer’s accounting pro­cedures can set any dollar limit for expensing amounts, the per-item tax deduction is limited to $2,500 for taxpayers without an applicable finan­cial statement (AFS) and $5,000 for taxpayers with an AFS. Therefore, if the accounting procedure sets a threshold that exceeds $2,500 ($5,000 for taxpayers with an AFS), only the items that cost $2,500 ($5,000) or less qualify for the safe harbor. This activity will likely trigger extra IRS scrutiny. For farmers, the safe harbor is particularly useful to expense small equipment and livestock held for productive use, such as animals held for dairy or breeding.

When a taxpayer properly applies the de minimis safe harbor, the amount paid is not treated as a capital expenditure or as materials and supplies. Instead, the taxpayer deducts the amount under Treas. Reg. § 1.162-1, provided the expense otherwise constitutes an ordinary and necessary business expense. If the items to be deducted don’t have an applicable expense line on Schedule F, they can be listed as “Other expenses”.

Any subsequent gain on disposition of the property is ordinary income, so in some situations, it may be prefer­able to not elect to expense the property under the de minimis safe harbor.

Property expensed under the de minimis safe harbor is not I.R.C.§ 1231 property, and the tax­payer must report the sale on Form 4797, Sales of Business Property, Part II, as ordinary income. The income from the sale does not meet the test for self-employment income and, even though it is ordinary income, the taxpayer does not report the income on Schedule C (Form 1040), Profit or Loss From Business (Sole Proprietorship), or Schedule F (Form 1040), Profit of Loss From Farming, where it would be subject to self-employment (SE) tax.

Producers with Trees and Vines Have an Additional Option in Expensing Planting Costs for Tax Purposes

by: Barry Ward, Leader, Production Business Management & Director, OSU Income Tax Schools – Ohio State University Extension

Edited material from the “National Income Tax Workbook 2016”, Land Grant University Tax Education Foundation Inc.

Fruit and nut growers have few options in the way they expense planting and preparatory costs. New regulations that are a part of the Protecting Americans from Tax Hikes (PATH) Act (signed into law on December 18, 2015) allow for taxpayers to use bonus depreciation to partially expense these costs in the year of planting even if the taxpayer might not have been allowed to under the Alternative Depreciation Schedule (ADS) due to opting out of Uniform Capitalization (UNICAP) rules.

Generally, the UNICAP rules require farmers to capitalize the preproductive period costs if the plants have a preproductive period of more than 2 years. Pre­productive period costs are the costs of raising plants after they are planted and before they are placed in service.

Plants are treated as placed in service when they produce a crop that has a value in excess of the cost of harvesting it. Therefore, the placed-in-service date can vary from one grower to another and from one block of a grower’s plants to another. For tax purposes however, the determination that a plant has a preproductive period of more than 2 years is based on the national average preproduc­tive period for that plant. Therefore, whether a plant is subject to capitalization of preproduc­tive expenses does not vary from one grower to another or from one block of plants to another.

However, farmers (other than corporations, partnerships, and tax shelters that are required to use accrual accounting) can elect out of the UNI­CAP rules. The election out of the UNICAP rules allows farmers to deduct preproductive period costs in the year they are incurred.

Preproductive period costs are the costs of cultivating, maintaining, or developing the plant during the preproductive period. Pre­productive period costs include, but are not lim­ited to, management, irrigation, pruning, soil and water conservation (including costs the taxpayer has elected to deduct under I.R.C.§ 175), fertil­izing (including costs the taxpayer has elected to deduct under I.R.C.§ 180), frost protection, spray­ing, harvesting, storage and handling, upkeep, electricity, tax depreciation and repairs on build­ings and equipment used in raising the plants, farm overhead, taxes (except state and federal income taxes), and interest required to be capital­ized under Internal Revenue Code Section (I.R.C.§) 263A(f).

Even if the plants are not subject to the UNICAP rules either because their preproductive period is 2 years or less or because the farmer elected out of the UNICAP rules, the farmer must still capi­talize the preparatory costs (costs incurred so that the plant’s growing process may begin) for the plants, such as the costs of seeds, seedlings, plants, supplies, labor, and equipment.

Section 143 of the PATH Act adds a new option for some farmers to deduct bonus depreciation. The new option is in addition to the bonus depre­ciation rules that were in place before the PATH Act.

New I.R.C. § 168(k)(5) allows farmers to elect to deduct 50% of the cost of planting or grafting specified plants. Farmers make the election and claim the deduction in the year the plants are planted (or grafted to a plant that has already been planted). To qualify, the plants must be planted or grafted after December 31, 2015, and before January 1, 2020, and must be:

  1. a tree or vine that bears fruits or nuts, or
  2. any other plant that will have more than one yield of fruits or nuts and that generally has a preproductive period of more than 2 years from the time of planting or grafting to the time at which it begins bearing fruits or nuts.

The farmer must reduce the basis of the plant by the allowable bonus depreciation, and he or she may not claim any additional bonus depre­ciation on the plant in the year it is placed in service. When the plant is placed in service, the farmer may claim the section 179 deduction and/ or Modified Accelerated Cost Recovery System (MACRS) depreciation on the remaining basis.

General Bonus Depreciation Rules

Property does not have to qualify for the general bonus depreciation to be eligible for the special elective bonus depreciation for plants that bear fruit or nuts. Therefore, it does not have to meet the following requirements:

  1. The recovery period for the property is 20 years or less.
  2. The original use of the property commenced with the taxpayer.

In addition, property that must be depreciated under ADS is eligible property.

Benefits of the New Legislation

The new legislation not only allows farmers who elect out of the UNICAP rules to claim bonus depreciation they previously could not claim, it also allows farmers (whether or not they elect out of the UNICAP rules) to claim the bonus depre­ciation in the year the plants are planted instead of the year the plants are placed in service.

Deducting the bonus depreciation in an ear­lier year has two benefits.

  1. As with any deduction allowed in an earlier year, it allows the taxpayer to reap the ben­efit of the deduction in an earlier year, which postpones paying taxes in most cases.
  2. Deducting bonus depreciation in an earlier year also allows farmers to avoid the phaseout of the bonus depreciation for plants that were planted before 2018 but will not be placed in service until 2018 or a later year.

 

 

 

Farm Management & Marketing Series to be held in Fulton County

by Eric Richer

Ohio State University Extension-Fulton County will again be offering its Farm Management Series on Tuesday nights from 6:30-9:00 pm in February.  The series targets “next generation”, new and mid-career farmers who raise commodity grain and livestock. This year’s program will be focused on cost control, farm profitability and marketing.  Each night will feature guest speakers and content relevant to today’s farm management. The series, which runs February 7, 14, 21 and 28 for two and half hours each night is taught by a combination of Extension Educators and state specialists and private sector individuals.  Topics include:

February 7:

  • Making Your Enterprise Records Do More than the Tax Return
  • Precision Balance Sheets – Why? How?

February 14:

  • How Do You Calculate Cost of Production
  • Developing Your Farm’s Business Mission & Goals
  • Diversifying Your Portfolio

February 21:

  • Crop Insurance Strategies
  • Grain Market Analysis and Marketing Simulator

February 28:

  • Farm Legal Advice
  • Grain Marketing Strategies
  • Benchmarking, Wrap Up and Evaluation

The total cost for the series is $40 and includes materials and light refreshments.   The farm management series will be held at the Robert Fulton Ag Center, 8770 State Route 108, Wauseon, Ohio 43567.  The registration form can be downloaded at www.fulton.osu.edu . Call 419-337-9210 or email richer.5@osu.edu for more information.