| The fifth season of our Farm Office Live webinar will kick off at the Farm Science Review next Thursday, September 19, 2024. Grab a cup of coffee and join us from 10:00 a.m. to Noon for updates from the legal and farm management experts on OSU’s Farm Office team.
Here are the topics we’ll address live from the Farm Science Review:
Featured speakers include guest Aaron Wilson, OSU’s Ag Weather and Climate Field Specialist and our entire Farm Office Team consisting of Bruce Clevenger, Peggy Hall, Jeff Lewis, David Marrison, Robert Moore, Eric Richer, Clint Schroeder and Barry Ward. Register for our Farm Office Live webinars, which will continue through next April, through this link on farmoffice.osu.edu.
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Tax Management
Ask The Experts: Sit Down Break & Learn at Farm Science Review
By: Wm. Bruce Clevenger, OSU Extension Field Specialist, Farm Management and Josh Winters, OSU Extension Agriculture & Natural Resources Educator, Jackson County
Successful farm managers surround themselves with the best people and information. Expertise comes from study and experience. Agriculture is information driven and from year to year the questions and answers change due to production and economic forces. Who should you ask for trusted answers? Ask The Experts at Farm Science Review!
Three days of Experts have been scheduled to take center stage again this year at the 2024 Farm Science Review. This conversational dive explores hot/current topics between the moderator, Experts, and the audience. The 30-minute sessions give 15-20 minutes of information from the Experts and 5-10 minutes of Q&A with the audience. It is the best place to stop and take a sit-down break at FSR. Grab some food and enjoy. Experts include ag economists, weather scientists, Women in Ag leaders, veterinarians, ag attorneys, agronomists, animal scientists, and farm management specialists.
Topics include: weather, grain markets, pastures and livestock, today’s women farm mangers, corn mold and feed, carbon markets, farm financial conditions, saving taxes at retirement, hiring farm labor, farm accounting, artificial intelligence technology, outlook on crop inputs and farmland values.
New for 2024! Student spotlight hour from 10:00 am to 11:00 am. Youth will learn about livestock evaluation, career exploration, soil health and agronomy pest management.
Plan you day(s) at Farm Science Review at:
2024 Ask The Expert Schedule
| Date | Time | Speaker | Topic |
| 9/17/2024 | 10:00 | Garth Ruff | Student Spotlight: Livestock Evaluation |
| 10:30 | Lyda Garcia, PhD | Student Spotlight: Carcass Evaluation | |
| 11:00 | Seungki Lee, PhD & Barry Ward | Farm Margins: Prospects and Coping Strategies for Lean Times Ahead | |
| 12:00 | Aaron Wilson, PhD | Cultivating Resilience: Are You Prepared for Extreme Weather? | |
| 12:30 | Mike Estadt | Carbon Markets, Sustainable Aviation Fuel, Climate Smart Ag….Oh My! Similarities, Differences, Should I Care? | |
| 1:00 | Seungki Lee, PhD | Grain Market Outlook: Insights from a Cloudy Crystal Ball | |
| 1:30 | Robert Moore, JD | Saving Taxes at Retirement | |
| 2:00 | Ani Katchova, PhD | How are Ohio Farms Doing Financially? | |
| 2:30 | Kane Lewis & Bruce Clevenger | Quicken vs. QuickBooks for Farm Accounting | |
| 9/18/2024 | 10:00 | Luciana da Costa, DVM | Student Spotlight: Animal Care/Veterinary Careers |
| 10:30 | Tim McDermott, DVM | Student Spotlight: Have You Considered a Career in Extension | |
| 11:00 | Aaron Wilson, PhD | Cultivating Resilience: Are You Prepared for Extreme Weather? | |
| 11:30 | Jeff Lewis, JD | Farm Labor: Am I Hiring an Employee or an Independent Contractor? | |
| 12:00 | Chris Dean | Will Artificial Intelligence mean Smarter Farming? Innovative Applications in Agriculture | |
| 12:30 | Barry Ward | Outlook on Inputs & Farmland: A View From The Farm Gate | |
| 1:00 | Seungki Lee, PhD | Grain Market Outlook: Insights from a Cloudy Crystal Ball | |
| 1:30 | Amanda Bennett | Fertilizer Prices in 2024: Comparisons Across Ohio | |
| 2:00 | Christine Gelley | Pastures for Profit | |
| 2:30 | Brady Campbell, PhD | I Want Sheep or Goats, Will I Be The One Fainting? | |
| 9/19/2024 | 10:00 | Sarah Noggle & Rachel Cochran | Student Spotlight: Soil Health is for the Worms! |
| 10:30 | Stephanie Karhoff, PhD & Amanda Douridas | Student Spotlight: Who-dunn-it? Diagnosing Field Crop Issues | |
| 11:00 | Aaron Wilson, PhD | Cultivating Resilience: Are You Prepared for Extreme Weather? | |
| 11:30 | Robert Moore, JD | Saving Taxes at Retirement | |
| 12:00 | Chris Bruynis, PhD | Farming Full-Time Without Adding Acres | |
| 12:30 | Barry Ward | Outlook on Inputs & Farmland: A View From The Farm Gate | |
| 1:00 | Gigi Neal & Sarah Noggle | Today’s Women in Ag – Farm Managers & Operator/Owners | |
| 1:30 | Jason Hartschuh | Can I Avoid Corn Ear Mold with Hybrid Selection? |
Ask The Experts is located at the corner of Kottman and Friday Avenues, Exhibit Area 425, across from the Firebaugh building. Seating is available under the tent.
In addition to the Ask The Expert sessions, Review goers can explore OSU Extension Farm Management Resources in the Firebaugh building across from Ask The Expert area all-day, each day of the Review. OSU Extension Farm Management resources can also be found online at: https://farmoffice.osu.edu/
Planning for Future of Farm Workshop to be held in Cortland, Ohio
The OSU Extension offices in northeast Ohio invite you to participate in a Planning for the Future of Your Farm workshop on August 22, 2024 from 9:00 a.m. to 4:00 p.m. at the Trumbull County Extension office in Cortland, Ohio. This workshop is designed to help farm families learn strategies and tools to successfully create a succession and estate plan that helps you transfer your farm’s ownership, management, and assets to the next generation. Learn how to have the crucial conversations about the future of your farm.
Click here for registration flyer
Workshop topics include: Developing Goals for Estate and Succession; Planning for the Transition of Control; Planning for the Unexpected; Communication and Conflict Management; Legal Tools and Strategies; Developing Your Team; Getting Your Affairs in Order; and Selecting an Attorney.
Our teaching team will help answer the following questions and much more!
- Who should we leave the farm to?
- How do we prepare the next generation to manage the farm in the future?
- How can we overcome family communication issues?
- How do we value sweat equity?
- What is the difference between a will and trust?
- Will I lose my farm to estate taxes or to the nursing home?
- What do we need to do to be better prepared to meet with an attorney and other professionals?
- What resources does OSU Extension have to assist us as we develop our plan?
Event sponsors include OSU Extension – Ashtabula, Trumbull & Geauga Counties, Farm Financial Management & Policy Institute and the Hertzer Family Trust. The featured speakers will be David Marrison (OSU Extension Field Specialist, Farm Management), Robert Moore (Attorney, OSU Agricultural and Resource Law Program) and Lee Beers (OSU Extension Educator, Agriculture and Natural Resource)
The registration fee is $25 per person which includes lunch, refreshments, and course materials. Registration deadline is August 16, 2024. This program is made possible at a discounted rate due to the generous support from the Hertzer Family Trust.
More information can be obtained by contacting Lee Beers at the Trumbull County Extension office at 330-638-6738 or via email at beers.66@osu.edu.
Farm Office Live to be held on April 19 from 10:00 a.m. to 12:00 noon
OSU Extension and the Farm Office Team is pleased to be offering the “Farm Office Live” webinar on Friday, April 19, 2024 from 10:00 to 12:00 noonThis month’s webinar will feature the following topics:
- CAT Tax – Closing Accounts
- Taxation of Equipment Trade-ins
- 2024 Crop Input Outlook
- OSU Fertilizer Survey Q2 Release
- Dairy Margin Coverage Program
- Beginning Farmer Tax Credit Update
- Transferring Operating Assets
- Beneficial Ownership Reporting Update
- Trends in Farm Appraisals
Featured presenters will include: Jason Hartschuh (OSU Field Specialist- Dairy Management and Precision Livestock), Clint Schroeder (Program Manager – Farm Business Analysis), Robert Moore (OSU Ag and Resource Law Program), Amanda Bennett (OSU Extension Educator), Barry Ward and Jeff Lewis (OSU Income Tax School Program), and David Marrison and Eric Richer (OSU Field Specialists -Farm Management) and special guest Tim Harpster.
To register for this program (or to access replays of previous programs):
go.osu.edu/farmofficelive
OSU Extension Farm Office Live to be held on Friday, March 15 from 10:00 to 12:00 noon
This month’s webinar will feature the following topics:
- 2nd Marriages and Transition Planning
- Legislative Update
- New Rule for Independent Contractors
- 2024 Crop Input Outlook
- Industry Panel on WASDE and Strategies for the 2024 Grain Marketing Plan
- Hot Topics
- Upcoming Programs
Featured presenters will include: Robert Moore and Peggy Hall (OSU Ag and Resource Law Program), Barry Ward and Jeff Lewis (OSU Income Tax School Program), and Bruce Clevenger (OSU Field Specialist -Farm Management).
To register for this program (or to access replays of previous programs):
go.osu.edu/farmofficelive
Northeast Ohio Small Farm Financial to be held in Cortland, Ohio on March 9 and 16
By: Lee Beers, Extension Educator – Trumbull County
Small and beginning farmers in NE Ohio are encouraged to participate in the new in-depth farm management educational program! The college will consist of two Saturday courses to be held on the March 9 and March 16, 2024. Both days will run from 9:00 AM – 3:00 PM with lunch included. Both days will be held at the OSU Extension Trumbull County Office, located at 520 West Main St in Cortland, Ohio. This course will offer 10 hours of farm management education that will help start your farm on the path to financial success.
The college is designed to help landowners examine potential ways to increase profits on their small acreage properties. The program is open to all new or aspiring farmers, new rural landowners, small farmers, and farm families looking for new ideas. During this college, participants will be challenged to develop realistic expectations for their new farm business. They will receive information on getting started, identifying the strengths and weaknesses of their property, and developing a farm business plan. Information on farm finances, insurance, liability, labor, and marketing will be covered during the college.
The cost for the college is $100 per participant, with the option to bring an additional family/farm member for $50. This program also qualifies attendees for the Ohio Department of Agriculture’s Beginning Farmer Tax Credit Program. Those interested in receiving this credit would be subject to additional requirements and fees (More information is available later in this release and online). Those interested in registering for this college, please access: https://osu.az1.qualtrics.com/jfe/form/SV_4HqwjHUs1yJGQx8
More information about the college can be obtained by calling the Trumbull County Extension office at 330-638-6783
OSU Extension Farm Office Live to be held on Friday, February 16 from 10:00 to 11:30 a.m.
OSU Extension and the Farm Office Team is pleased to be offering the “Farm Office Live” webinar on Friday, February 16, 2024 from 10:00 to 11:30 a.m.
This month’s webinar will feature the following topics:
- Ag & Natural Resources State Update
- Reporting for the Corporate Transparency Acy
- 2024 Crop Input Outlook
- OSU Extension’s New Food Business Central Course
- Legislative Round-up
- Spring Crop Insurance
- Farm Bill Update – A Panel Discussion
- Upcoming Programs
Featured presenters will include: Chris Zoller (OSU Extension Interim State ANR Leader), Robert Moore & Peggy Hall (OSU Ag and Resource Law Program), Barry Ward (OSU Income Tax School Director), David Marrison & Eric Richer (OSU Field Specialists -Farm Management), Emily Marrison (Assistant Professor and Family & Consumer Sciences Educator), Clint Schroeder (Program Manager – Ohio Farm Business Analysis Program) and Brandon Kern (Director of Public Affairs and Issues Analysis- Ohio Soybean Association)
To register for this program (or to access replays of previous programs):
More information about this program can be accessed at farmoffice.osu.edu
OSU Extension to host Eastern – Ohio Small Farm Conference – April 6, 2024 at the Mid – East Career Technical Center Buffalo Campus, Senecaville, Ohio
By: Julie Wayman, Community Development Educator -OSU Extension Ashtabula County
Ohio State Extension announced plans to host a Small Farm Conference in Senecaville, Ohio on April 6, 2024. The theme for this year’s Mid-Ohio Small Farm Conference is “Sowing Seeds for Success.”
Click here to access 2024 Small Conference Brochure
Conference session topics are geared to beginning and small farm owners as well as to farms looking to diversify their operation. There will be five different conference tracks including: Horticulture and Produce Production, Business Management, Livestock, Natural Resources and new this year The Farm Kitchen. Some conference topic highlights include: Raising Meat Rabbits, Making Goat Milk Soap, Timber Harvesting and Marketing, Basics of Growing PawPaw’s, Food Preservation Basics, Herb Vinegars, Organic Pest Management, Growing Produce with Hydroponics, Starting and Setting up a business, Solar and Wind Leasing.
Anyone interested in developing, growing or diversifying their small farm is invited to attend including market gardeners, farmers market vendors, and anyone interested in small farm living. Attendees will have the opportunity to browse a trade show featuring the newest and most innovative ideas and services for their farming operation. The conference provides an opportunity to talk with the vendors and network with others.
The Conference will take place from 8:30 a.m. – 3:30 p.m. at the Mid – East Career Technical Center – Buffalo Campus located at 57090 Vocational Road Senecaville, Ohio 43780
The registration fee for this all day conference is $100 per person. For conference and registration information call OSU Extension Morrow County 419-947-1070, or OSU Extension Knox County 740-397-0401.
Please follow this link to register for the conference: https://go.osu.edu/2024osusmallfarmconference
Ohio Crop Production and Enterprise Benchmarking for 2022
By: PhD student Xiaoyi Fang and Professor Ani Katchova, Farm Income Enhancement Chair, in the Department of Agricultural, Environmental, and Development Economics (AEDE), and Clint Schroeder, Farm Business Analysis Program Manager, Ohio State University Extension.
Click here to access the pdf version of the report
The Ohio Farm Business Analysis and Benchmarking Program, conducted by the Ohio State University Extension, offers benchmark reports for Ohio farms, summarizing farm business management, particularly in crop production. These reports provide insights on 38 key measures from crop enterprise analysis, covering income, expenses, and efficiency measures. In 2022, the program included 36 corn enterprises and 31 soybean enterprises, allowing participants to compare their performance against similar Ohio enterprises. Benchmark reports are tailored to crop type (corn or soybeans) and land tenure (owned or cash rented). The data on physical production, gross returns, direct and overhead costs, and net returns per acre offers valuable insights to farmers.
Corn and Soybean Production for Owned Land and Cash Rented Land
In 2022, 16 Ohio corn producers with owned land, with an average of 127 acres per enterprise for corn production, had a yield of 191.96 bushels per acre and an average corn value of $5.98 per bushel. This resulted in an average gross return of $1155.89 per acre. For the 20 corn enterprises on cash rented land in Ohio, the average enterprise size was 195.87 with a yield of 188.78 bushels per acre and a corn value of $6.10 per bushel, leading to an average gross return of $1166.69 per acre.
In Ohio, 12 soybean enterprises on owned land operated at an average of 133.47 acres in 2022. They had a gross return of $704.13 per acre, with a yield of 51.43 bushels per acre and an average soybean value of $13.6 per bushel. The 19 soybean enterprises on cash rented land had an average operation size of 279.3 acres. These enterprises earned an average return of $769.33 per acre, with a yield of 55.08 bushels per acre and an average value of $13.79 per bushel.
Direct Expenses of Crop Production
For cash rent corn enterprises, the cost of production for corn was $5.43 per bushel in 2022, including labor and management charges. Direct expenses averaged $807.45 per acre, with around 60% allocated to land rent, seed, and fertilizer.
Likewise, for cash rent soybean enterprises, the cost of production for soybeans was $11.81 per bushel, also including labor and management charges. Direct expenses averaged $520.91 per acre, with around 30% allocated to land rent.
For enterprises with owned land, the cost of production for corn was $5.36 per bushel in 2022, including labor and management charges. Direct expenses averaged $712.29 per acre, with more than half allocated to seed and fertilizer.
Similarly, for soybean enterprises with owned land, the cost of production for soybeans was $11.77 per bushel, also including labor and management charges, with direct expenses averaging $366.74 per acre.
Enterprises with owned land typically incur lower overall production costs per bushel for both corn and soybeans compared to cash rent enterprises. Cash rent enterprises incur higher direct expenses per acre for both crops, primarily due to significant land rent costs. Notably, corn production tends to be less costly per bushel than soybean production for both enterprise types. Land rent is a crucial cost component for cash rent enterprises but is not a direct expense for owned land enterprises.
Government Payments for Crop Production
In 2022, government payments for corn producers on cash rented land averaged $4.09 per acre, while soybean producers received an average of $2.23 per acre.
Government payments for corn producers on owned land averaged $2.47 per acre. Conversely, due to the small sample size, government payments were not reported by the 12 soybean enterprises on owned land.
The Bottom Line of Crop Production
For Ohio’s owned land corn enterprises in 2022, net returns averaged $119.62 per acre, considering all direct, overhead and management expenses, as well as contributions from government payments. Notably, the net returns were lower than those observed in corn enterprises on cash rented land, where the net return over labor and management stood at $127.28 per acre. The net returns for soybeans on owned land were $94.26 per acre, which were lower than the net returns of $109.13 per acre for soybean enterprises on cash rented land.
References:
Schroeder C. and Shoemaker, H. ”2022 Ohio Farm Business Summary.” Ohio State University Extension, September 2023.
Regional Ag Outlook and Policy Meetings Set for 2024
By: Mike Estadt, OSU Extension estadt.3@osu.edu
Ohio State University Extension will present its 2024 Regional Agricultural Outlook and Policy Meetings starting in late January and continuing into February. OSU Extension is the outreach arm of Ohio State’s College of Food, Agricultural, and Environmental Sciences, and the main sponsor of the meetings. Economists from the CFAES Department of Agricultural, Environmental, and Development Economics, Extension specialists in tax policy, ag law and meteorology, along with other college specialists and invited guests, will serve as speakers.
Held throughout the state, the outlook meetings will address agricultural topics of interest not only in Ohio, but across the Corn Belt as well. Programs will include presentations on grain market outlook; the dairy industry; agricultural law updates; Ohio’s changing climate; energy outlook, international economic outlook, farm real estate values and cash rent trends; grain transportation infrastructure; agricultural input price projections; and federal tax updates. Bearish price projections, world conflicts and lower farm income projections make these program important as you plan for the year ahead. University experts and industry representatives will give the latest information on what to expect. “Outlook meetings have useful take- aways that I have seen farm managers use directly for the upcoming season and planning for the future of the farm business. Farmers are the CEOs of their farm and collecting unbiased information and putting it into action is essential for success”, according to Bruce Clevenger, Extension Farm Management Field specialist.
Here is a current list of Extension opportunities for ag policy, outlook and grain marketing topics. Check with the local contacts for more information regarding specific topics and times.
January 22, 2024- Friendly Hills Camp and Conference Center, Zanesville, Ohio.
Contact: Clifton Martin (martin.2422@osu.edu)
January 23, 2024- Jewell Community Center, Defiance , Ohio
Contact: Kyle Verhoff (Verhoff.115@osu.edu)
https://defiance.osu.edu/events/2024-farm-outlook-meeting
January 23, 2024- Napoli’s Pizza, Belpre, Ohio
Contact: Ed Brown (brown.6000@osu.edu)
January 25th, Plaza Inn, 491 S. Main St. Mt. Victory Ohio.
Contact Mark Badertscher (Badertscher.4@osu.edu)
https://hardin.osu.edu/sites/hardin/files/imce/Tillage%20Club%20Flyer%202024.pdf
January 30, 2024, 2022- Emmett Chapel, Circleville, Ohio.
Contact: Mike Estadt (estadt.3@osu.edu)
web: https://go.osu.edu/pickawayoutlook
February 6, 2024 Allen County Fairgrounds-Youth Activities Building.
Contact: Nic Baumer (baumer.15@osu.edu)
https://u.osu.edu/allenanr/upcoming-programs/ag-outlook-and-agronomy-day/
February 23, 2004- Der Dutchman Restaurant, Plain City, Ohio.
Contact: Wayne Dellinger (Dellinger.@osu.edu) web:
https://go.osu.edu/TriCountyOutlook
