Ag Lender Seminars feature Federal Reserve Bank of Kansas City Economist

By Wm. Bruce Clevenger, Amanda Douridas & Rory Lewandowski, Extension Educators

The 2018 OSU Extension Agricultural Lender Seminars will feature keynote speaker, Courtney Cowley, Economist at the Federal Reserve Bank of Kansas City, Omaha, Nebraska.  Cowley will speak to each of the three regionally offered Ag Lender seminars scheduled in October 2018.  She will share her research and the role of the Federal Reserve Bank with her topic “Outlook for the U.S. Economy with Implications for the Ag Sector.”  Cortney Cowley is an economist in the Regional Affairs Department of the Federal Reserve Bank of Kansas City. Her current research focuses on agricultural finance, commodity markets, farm management, and natural resource economics and policy. Cowley’s responsibilities also include writing for the Tenth District Survey of Agricultural Credit Conditions and the Federal Reserve System’s Agricultural Finance Databook.    Cowley joined the Bank in 2015 after completing her Ph.D. in Agricultural Economics at Oklahoma State University. She also holds a B.S. degree in Biosystems Engineering from Oklahoma State and a M.S. degree in Civil Engineering from Colorado State University.

Additional speakers at each location include: Farm Policy & Commodity Outlook – Ben Brown, OSU CFAES, Farm Mgmt. Program Mgr.; Ohio Farm Economy & Production Economics – Barry Ward, OSU Extension, CFAES, Production Business Management; Dairy Production Economics – Dianne Shoemaker, OSU Extension, CFAES, Field Specialist; Hops, Barley & Ohio’s Specialty Crops – Brad Bergefurd, OSU Extension, CFAES, Extension Educator & Horticulture Specialist.

The three Ag Lender Seminars will be as follows:

Tuesday, October 16

Champaign Co. Community Center Auditorium

1512 South US Highway 68

Urbana, OH  43078

 

Wednesday, October 17

Putnam Co. Educational Service Center

Assembly Hall

124 Putnam Parkway

Ottawa, OH 45875

 

Thursday, October 18

Buckeye Agricultural Museum

877 West Old Lincoln Way

Wooster, OH 4469

Seminar programs begin promptly at 9:15 a.m. and conclude by 3:15 pm.  Registration information is available at: https://u.osu.edu/aglenderseminars/  or by contacting Bruce Clevenger, OSU Extension Educator, Defiance County at 419-782-4771 or clevenger.10@osu.edu.

OSU Extension conducts the seminars from input from Ag Lenders, County Extension Educators and Extension Specialists.  The seminars are designed to provide information that Ag Lenders will use directly with their customers, indirectly within the lending industry, and as professional development for current issues and trends in production agriculture.  OSU Extension has been offering Ag Lenders seminars for nearly 30 years.

 

 

Hops Production & Management Workshop Planned

by Chris Zoller, Extension Educator

 Are you looking for a way to diversify your farm income?  If so, raising Hops may be of interest.  The number of craft breweries has grown substantially in Ohio and many breweries are interested in sourcing locally grown hops.

The Tuscarawas County office of Ohio State University Extension will host a Hop Production & Management workshop on October 25th.  The workshop will begin at 5pm at the Mike McCoy Farm with a tour of the hop yard.  Discussion will continue at 7 pm at the Bolivar Fire Department.  Presenters include Brad Bergefurd, Horticulture/Hops Specialist, Ohio State University Extension; Andrew Marburger, Lockport Brewery; and Mike McCoy, Hops grower.

There is no cost to attend, but pre-registration is requested no later than October 18.  Reservations can be made by calling 330-339-2337.

Annie’s Project Course- Empowering Women in Agriculture

by: Jacqueline Kowalski & Robin Christensen, Extension Educators

 

 

OSU Extension in Summit and Portage Counties are teaming up to offer Annie’s Project from October 9th– November 13th, 2018. Annie’s project is a six-week program designed to address risk management education for farm women. Its objective is to educate women entrepreneurs so that they are more prepared to make farm management decisions. While a large number of farm women own and operate farms, others play a major role in the decision-making process of farm operations for farm families. Annie’s Project provides in-depth sessions on topics that are important for decision-making of the family farm. The program topics covered include human resources, legal risks, financial risks, marketing risks, and production costs and risks. Sessions are designed to be very interactive between the presenters and the participants. Information presented is tailored to meet the needs of participants in their own geographical areas.

Annie was a woman who grew up in a small rural community with the life-long goal of being involved in production agriculture. She spent her lifetime learning how to be an involved business partner with her husband, and together they reached their goals and achieved success. Annie’s daughter, Ruth Hambleton, a former Extension Educator for the University of Illinois, founded Annie’s Project in 2000 in honor of her mother. Annie’s Project is designed to take Annie’s life experiences and share them with other women in agriculture who are living and working in this complex, dynamic business environment. Additional details on Annie’s life can be found https://www.anniesproject.org/

The 6-week training will begin on Tuesday October 9th at 6:00pm, with dinner starting at 5:30pm. Registration is due October 5th, 2018. Classes will rotate between the Summit and Portage County Extension offices in Stow and Ravenna. The course fee is $100.

Please contact Robin Christensen with questions or for an application at 330-296-6432 or e-mail at Christensen.227@osu.edu

 

OSU Extension Income Tax Schools Focus on New Tax Law

by: Barry Ward and Julie Strawser, OSU Income Tax Schools

How to deal with the Tax Cuts and Jobs Act—the new tax law for both individuals and businesses–is among the topics to be discussed during the upcoming Income Tax School workshop series offered throughout November and December.

The annual series helps tax preparers learn about federal tax law changes and updates for this year, as well as learn more about issues they may encounter when filing individual and small business 2018 tax returns.

The tax schools are intermediate-level courses that focus on interpreting tax regulations and changes in tax laws to help tax preparers, accountants, financial planners and attorneys advise their clients, he said. The schools offer continuing education credit for accountants, enrolled agents, attorneys, annual filing season preparers and certified financial planners.

This is an important year for tax education as the new tax law creates some challenges for tax practitioners to prepare themselves for the next filing season. Our instructors have great deal of experience and training and the accompanying workbook will be a top reference to prepare tax practitioners to best serve their clients during this transition to the new tax law.

The workbook offers over 700 pages of reference material including reference tables and examples that will be valuable to practitioners. Sample chapters of the reference workbook can be found at:

http://taxworkbook.com/about-the-tax-workbook/

The tax school will also feature a separate, two-hour ethics webinar that will broadcast Dec. 12 at 1 p.m. and again on Dec. 14 at 10 a.m. The webinar is approved by the IRS and will be available to tax school participants enrolled in the two-day tax school at no extra charge.

The registration fee for each workshop is $375, with a $50 late fee if not registered two weeks prior to the school. The fee includes all materials, lunches and refreshments. The deadline to enroll is 14 days prior to the date of each school. Participants can also choose to attend just day one of the workshop for $250. Additionally, the 2019 RIA Federal Tax Handbook and the Wolters Kluwer Master Tax Guide are both available for participants to purchase for a discounted fee of $40 each. Registration information and the online registration portal can be found at:

http://go.osu.edu/taxschools

The tax schools run from 8 a.m. to 4:30 p.m. on the following dates and locations:

  • Oct. 31- Nov. 1 — Ole Zim’s Wagonshed, 1387 State Route 590, Gibsonburg.
  • Nov. 5-6 – Sheraton Suites, 1989 Front St., Cuyahoga Falls.
  • Nov. 7-8 — Ashland University Convocation Center, 820 Claremont Ave., Ashland
  • Nov. 13-14 — Presidential Banquet Center, 4548 Presidential Way, Kettering.
  • Nov. 15-16 — Old Barn Out Back, 3175 W. Elm St., Lima.
  • Nov. 26-27 — Der Dutchman Restaurant, 445 S. Jefferson Rt. 42, Plain City.
  • Nov. 28-29 — Ross County Service Center, 475 Western Ave., Chillicothe.
  • Dec. 3-4 — Ohio University, Zanesville Branch Campus Center, 1425 Newark Road, Zanesville.
  • Dec. 5-6 — The Ohio State University, Fawcett Center, 2400 Olentangy River Road, Columbus.

A daylong webinar on Ag Tax Issues will be broadcast Dec. 17 from 9 a.m. to 3 p.m.

Tax practitioners representing farmers or rural landowners, as well as farmers or farmland owners preparing their own taxes, will benefit from the five-hour webinar. The focus will be key regulations of the Tax Cuts and Jobs Act related specifically to those income tax returns.

Participants can choose between attending a host location or participating at home or in the office. Host locations will provide a facilitator, refreshments and lunch. Participants are encouraged to bring a computer to engage in the real-time Q&A. Participants who choose not to attend a host location, will have a web address emailed prior to the webinar.

Registration, which includes the Ag Tax Issues workbook, is $150. Register by mail or on-line at http://go.osu.edu/AgIssuesReg

More information on the workshops, including how to register, can be found at go.osu.edu/taxschools. Participants may contact Ward at 614-688-3959, ward.8@osu.edu or Julie Strawser at 614-292-2433, strawser.35@osu.edu for more information.

Agricultural Tax Issues Webinar

by: Barry Ward, OSU Extension, Director, OSU Income Tax Schools

Tax practitioners, farmers and farmland owners are encouraged to connect to the Ag and Natural Resources Income Tax Issues Webinar on Dec. 17 from 9 a.m. to 3 p.m. The event is sponsored by Ohio State University Extension and participants can attend the webinar at host locations throughout Ohio or connect at home or office.

The webinar focuses on issues specific to farm tax returns related to agriculture and natural resources, and will highlight key regulations of the Tax Cuts and Jobs Act related specifically to those income tax returns.

The program is an intermediate-level course for tax preparers whose clients include farmers and rural landowners. Farmers who prepare and file their own taxes will also benefit from the webinar.

Topics to be discussed during the webinar include:

New Section 199A 20% Pass-Through Deduction

Learn how pass-through business owners (most all businesses except those organized as C-Corps) can qualify for this new deduction

Farm Loss Deduction Limits

Review the special rules and limits that apply to farm losses and farm net operating losses.

Depreciation of Farm Assets

Discuss new rules impacting the depreciation and expensing of farm assets. Also review the impact of the elimination of IRC § 1031 like-kind exchange treatment for personal property on farm trades.

Farm and Ranch Tax Elections

Identify general rules applicable to making and revoking elections allowed to farm businesses.

Section 199A and Agricultural and Horticultural Cooperatives

Define the new tax law applicable to sales by patrons through cooperatives.

Farm Lease Income and the QBI Deduction

Application of the QBI Deduction to farm lease income.

Entity Considerations

Review entity planning considerations for farm clients necessitated by the new tax law.

Involuntary Conversions:

Involuntary conversions may be the result of a condemnation, a sale under a threat of condemnation, sales of livestock due to weather conditions, or a casualty. The webinar will describe the tax rules associated with these dispositions.

Taxation of Wetland Mitigation Credits

Discuss how wetland mitigation credits are created and how credits might be taxed upon sale or disposition by farmers and ranchers.

Commodities Futures and Options Contracts

Review the tax implications of hedging transactions and options contracts.

Non-Cash Transactions

Identify some of the common challenges associated with non-cash transactions—such as commodity gifts and wages, bartering, and non-cash patronage dividends—and discusses their tax consequences.

Tax Implications of Payments from Energy Companies

Explore the tax treatment of various payments that a landowner or mineral owner may receive from oil and gas exploration, drilling activity, or from wind or solar energy produced on his or her land.

Case Study with Forms

Presentation with a typical farm client and walk through form preparation for that client’s tax return.

The cost for the one-day school is $150, and applications have been made for the following continuing education credits:

  • Accountancy Board of Ohio, CPAs (6 hours)
  • Office of Professional Responsibility, IRS (6 hours)
  • Supreme Court of Ohio, Attorneys (5 hours)

Registration includes the Agricultural Tax Issues workbook. The deadline to register is Dec. 6 to ensure participants will receive the workbook in the mail before the workshop. The live webinar, which will also feature a real-time Q-and-A, can be viewed at several host locations statewide and will include lunch.

Participants also have the option to view the webinar from home if unable to attend a host location.

For those who choose not to attend at a host location, a web address for the webinar will be sent in advance of the Dec. 17 presentation.

Host locations include:

Auglaize County, OSU Extension Office, 208 S. Blackhoof St., Wapakoneta

Clermont County, OSU Extension Office, 1000 Locust St., Owensville

Miami County, OSU Extension Office, 201 W. Main St., Old Courthouse, Troy

Putnam County, OSU Extension Office, 1206 E. Second St., Ottawa

Wayne County, Fisher Auditorium, 1680 Madison Ave., Wooster

Wyandot County, Elks Lodge, 320 E. Wyandot Ave., Upper Sandusky

More information on the workshop, including how to register, can be found at go.osu.edu/agissuesreg

Contact Barry Ward at 614-688-3959, ward.8@osu.edu or Julie Strawser at 614-292-2433, strawser.35@osu.edu with questions.

Lady Landowners Leaving a Legacy

by: Amanda Douridas

Land is an important investment. One that is often passed down through generations. Farmland needs to be monitored and cared for to maintain the value and sustainability if it is to be enjoyed and profitable for future generations. Nearly 50% of landowners in Ohio are female. If you fall into this statistic and want to learn more about your land, farming and conservation practices and how to successfully pass it on to the next generation, this program is for you!

Farming has changed dramatically over the last several decades. The thought of trying to understand it all can be overwhelming, especially if not actively farming. This series is designed to help female landowners understand critical conservation and farm management issues related to owning land. It will provide participants with the knowledge, skills and confidence to talk with tenants about farming and conservation practices used on their land. The farm management portion will provide an understanding of passing land on to the next generation and help establish fair rental rates by looking at current farm budgets.

The series runs every other Thursday, June 14 through August 23 from 9:00-11:30 in the Champaign County Community Center Auditorium in Urbana, Ohio. It is $50 for the series. If you are only able to attend a couple of session, it is $10 per session but there is a lot of value in getting to know other participants in the series and talking with them each week. The registration flyer can be found at http://go.osu.edu/agevents. For questions or more information, please contact Amanda Douridas at 937-484-1526 or Douridas.9@osu.edu. Please register by June 4. The detailed agenda is below.

June 14- Building Soil Structure

  • Introductions
  • Soil Structure Discussion and Demo
  • Tillage Methods and Compaction (includes three demonstrations)
  • Soil Coverage Discussion and Demo

June 28- Implementing Conservation

  • Conservation Activity
  • Aquifer Demonstration
  • Watershed Maps of Participants Farms
  • Explanation of Conservation Practices

July 12- Value of the Land Beyond the Dollar

  • Land Value Diagram
  • Landowner/Tenant Relationship Panel
  • Wildlife Habitat Programs

July 26- Transition and Succession Planning

  • Peggy Hall and Wright Moore Law Firm

Aug 9- Leasing and Budgets

  • Good Leasing Contracts
  • Hunting Leases
  • Overview of Commodity Budgets

Aug 23- Farm Visit

Some activities developed by Women, Food and Agriculture Network for its Women Caring for the Land program.

SU Extension to Host 5th Annual East Ohio Women in Agriculture Conference

Ohio State University (OSU) Extension will host the 5th Annual East Ohio Women in Agriculture Conference.  The conference is planned for Friday, April 6 from 9:00 a.m. – 3:45 p.m. at the RG Drage Career Technical Center, 2800 Richville Drive SE in Massillon.  All women and young women (high school age) who are interested, involved in, or want to become involved with food, agricultural, or natural resources production or small business are encouraged to attend.

The conference program features a networking fair, sixteen breakout sessions, and two extended breakout sessions presented by OSU Extension educators, producers and partner agencies.  Sessions are focused around five themes: Business & Finance, Plants & Animals, Communication, Home & Family and Special Interest (branding and online marketing).  The keynote speaker will be Rose Hartschuh – farm wife, mother, Agvocate, and recent winner of the American Farm Bureau Excellence in Agriculture Award.

Registered participants, community organizations or businesses interested in sponsorship information, and/or securing an information/vendor table, should contact the OSU Extension Coshocton County office at 740-622-2265.

Interested individuals can register for the conference on-line at go.osu.edu/eowia2018 .Cost of the conference is $55 for adult participants and $30 for students.  Conference fee includes conference participation, continental breakfast, lunch and conference handouts.   A special discount is available for those women and students who also plant to attend the Northeast Ohio Small Farm Conference on Saturday, April 7. Deadline for registration is Friday, March 23. For more information contact the OSU Extension Holmes County Office at 330-674-3015.

 

 

OHIO SMART AGRICULTURE Programs to be held across Ohio in March

OSU Extension would like to invite producers from across Ohio to help plan for the future of Ohio Agriculture by attending one of the OHIO SMART AGRICULTURE programs which will be held across Ohio this March.  The meeting dates are March 5 ( OSU South Centers); March 8 (Clark County); March 14 (Wood County); March 15 (Wayne County); and March 16 (Fairfield County).

This series of meetings are seeking FEEDBACK from Ohio producers and agriculture stakeholders to help identify, design, and deploy strategies to support SUSTAINABLE AGRICULTURE in Ohio to feed not only the world, but especially our most vulnerable neighbors right here in Ohio.  The goal is an ACTION PLAN for RESILIENT AG.   Please join us to share your views and recommendations at this forum.  Meet and discuss with fellow stakeholders from the agricultural, environmental, food security and health fields about safeguarding agriculture for Ohio’s future.

There is no cost to attend any of these meetings.

 To help to plan for program handouts and refreshments, please RSVP to: Shannon Mott at smott@sfldialogue.net

More information can be found at:

http://go.osu.edu/InFACT

2018 NE Ohio Living Your Small Farm Dream Conference

The 2018 NE Ohio Living Your Small Farm Dream conference will be held on Saturday, April 7 at the RG Drage Career Center, located at 2800 Richville Drive SW in Massillon Ohio.  The conference provides education and topics of interest for small farm and rural landowners.  Participants will walk away from the conference with knowledge and ideas of how to improve existing enterprises or marketing opportunities.  For those who have some acreage but don’t yet know what to do with it, the conference is an opportunity to consider possibilities, gather information and make contacts.

The 2018 Living Your Small Farm Dream conference offers 26 different breakout sessions divided between five different track topics; Horticulture, Livestock, Marketing, Farm Management and Specialty Crop.  Presenters include OSU Extension specialists, Extension Educators, Business owners, and small farm producers/entrepreneurs.  Conference participants will have the opportunity to attend four different sessions over the course of the four breakout sessions.  The Small Farm conference trade show offers another opportunity to learn and gather information.  The trade show vendors/exhibitors feature goods and services used in small farm operations.  The conference schedule includes time between each breakout session and over an extended noon hour to visit the trade show.

The specialty crop track features sessions on malting barley and hop production to tap into the growing microbrewery businesses.  One session involves a panel discussion with several local microbreweries who will share their stories and use of locally sourced ingredients in their products.  The horticulture track offers sessions on growing grapes, brambles, vegetables, flowers, beekeeping, use of soil amendments, and managing soil health.  The livestock track includes sessions on raising and marketing pasture produced beef and poultry, as well as hay production and Ohio livestock care standards.  The farm management track includes Ag law, business planning, tax issues, farmland renting, health care issues, and creating profitable small farm enterprises.  The marketing track includes a two-hour super session focused on developing on-farm agritourism and agriculture entertainment businesses as well as sessions on how to scale up your small farm business to take advantage of marketing opportunities and a session on developing a distribution system for locally grown foods.

Conference registration/sign-in and the trade show opens at 8:00 am on April 7.  Following some brief conference opening comments at 9:00 am, the first breakout session begins at 9:30 am.  The conference concludes by 4:00 pm.  Conference registration is $60/person or, if attending the Women in Agriculture Conference at the same location on April 6, plus the Small Farm Conference on April 7; $100 for a combined registration.  Student discounts are $30 for attending the small farm conference alone or $50 if attending both the Women in Agriculture and the Small Farm conference. Pre-registration for both the Small Farm conference and the Women in Agriculture conference is due March 23.  On-line registration is available at go.osu.edu/NESmallFarmReg.  A Living the Small Farm Dream conference brochure that lists session topics and presentation times along with a mail-in registration form, and a document with descriptions of all the presentation topics is available at go.osu.edu/NEOHSmallFarms.

For more information about the Living Your Small Farm Dream conference contact Rory Lewandowski in the Wayne County Extension office at 330-264-8722, email: lewandowski.11@osu.edu; or Emily Adams in the Coshocton County Extension office at 740-622-2265, email: adams.661@osu.edu .

Swine Contract Finishing What You Need to Know

by: Garth Ruff-  ANR Educator – OSU Henry County Extension

Napoleon, Ohio — With the new Clemens Food Group packing plant up and running in Coldwater, Michigan there is a need for contract finishing facilities within close proximity to the plant. Northwest and Northcentral Ohio offer tremendous opportunity as Ohio integrators continue to expand their herds in response to the increase in packing capacity. Furthermore, as corn and soy price projections look steady for the foreseeable future, contract swine finishing may be a way to diversify your farming enterprise.

If you have considered or are interested in becoming a contract swine feeder, join OSU Extension on March 1 at the American Legion Annex, 500 Glenwood Avenue, Napoleon. Topics will include barn siting, contract agreements, loan acquisition, manure management, and outlook for the pork industry.

Contact her for Program Flyer

On hand, to present the above topics will be OSU Swine Specialist, Dale Ricker, lenders from AgCredit, Garth Ruff, Henry County Extension Educator, and a panel of Northwest Ohio’s newest swine growers. Plan today to be part of the swine industry tomorrow.