Month: December 2024

Did you miss Farm Office Live: Farmer and Farmland Owner Tax Webinar 2024

On December 6, 2024, the Farm Office Team hosted their annual Farmer and Farmland Owner Tax Webinar, offering valuable insights into critical tax topics affecting the agricultural community. Designed to address the unique challenges farmers and landowners face, the session featured expert guidance from Barry Ward, David Marrison, Jeff Lewis, and Robert Moore.

Key Topics Discussed

The webinar provided in-depth discussions on the following topics:

  • Farm Economy and Tax Planning: Strategies to navigate tax implications in today’s agricultural economy.
  • Tax Planning for Low Income/Drought Years: Guidance for managing taxes during challenging financial years caused by adverse conditions.
  • Beneficial Ownership Information (BOI) Reporting: Understanding compliance requirements for BOI under new regulations.
  • Pending Sunset of Larger Estate Tax Exclusion Amount: Insights on planning for changes to the Unified Credit in 2026.
  • Residual Fertility/Fertilizer Deduction: Navigating deductions related to soil fertility management.
  • Clean Fuel Production Credit (I.R.C. § 45Z): Opportunities for farmers in clean fuel initiatives.
  • Current Agricultural Use Valuation (CAUV) Changes in 2024: Updates on CAUV calculations impacting property taxes.
  • IRC § 45Q – Credit for Carbon Oxide Sequestration: Leveraging carbon capture tax credits for sustainability efforts.
  • Farm Loan Immediate Relief under the Inflation Reduction Act: Clarifications on corrected 1099s for debt relief programs.
  • Taxability of USDA Discrimination Financial Assistance Awards: Determining the tax implications of these financial awards.
  • Sunsetting Tax Cuts and Jobs Act (TCJA) Provisions: Preparing for the expiration of key provisions affecting agriculture.

Access the Recording

Missed the live webinar or want to revisit key details? You can access the recording and slides:

Expert Guidance for Tax Planning

Each topic was tailored to help farmers and landowners make informed decisions during the 2024 tax season and beyond. The team provided practical advice for optimizing tax strategies, minimizing liabilities, and preparing for upcoming changes in the tax landscape.

Stay informed with updates from the Farm Office Team—your trusted resource for agricultural tax and management expertise!

Breakfast with Santa

🎅🍳 Breakfast with Santa! 🍳🎅

Join us for a jolly good time this Saturday, December 7, at our Breakfast with Santa event provided by the County 4-H Clubs (Paws on the Wall, Livewires, Campground Kids, Flatrock Jr. Farmers, Livewires) and Wayne Trace FFA! 🎄✨

Bring the whole family to enjoy a delicious breakfast, festive activities, and a chance to meet Santa Claus himself!
📸 Don’t forget your cameras for photo opportunities with the big guy in red!
Free will donations will benefit the future new cattle barn on the fairgrounds.
📅 Date: Saturday, December 7
⏰ Time: 9:00 AM – 10:30 AM
📍 Location: Paulding County Extension Office, 503 Fairground Drive, Paulding, OH 45879
This is a perfect way to kick off the holiday season with family and friends. We can’t wait to celebrate with you! 🌟

#BreakfastWithSanta #HolidayFun #FamilyEvent #SantaIsComing

 

Paulding County Pesticide and Fertilizer Recertification is schedule for January 23, 2025

Paulding County Fertilizer & Pesticide Recertification Classes

Attention Paulding County farmers and applicators! Mark your calendars for the Fertilizer and Pesticide Recertification Workshop on Tuesday, January 23, 2025. This is an important opportunity to renew your certifications and stay compliant while learning about the latest in fertilizer and pesticide management.

Event Details:

📅 Date: Tuesday, January 23, 2025
📍 Location: Paulding County Extension Office
503 Fairground Drive, Paulding, OH 45879

⏰ Schedule:

  • Fertilizer Recertification: 8:30 AM – 9:30 AM
  • Pesticide Recertification: 9:45 AM – 12:45 PM

💲 Cost:

  • Fertilizer Only: $10
  • Pesticide Only: $35
  • Combo (Fertilizer + Pesticide): $45

🍴 Light snacks will be provided with registration.

Important Information:

🚨 Pre-registration is mandatory.Spots are limited, and no walk-ins will be accepted.

🗓️ Registration Deadline: January 17, 2025

🔗 Register Here: go.osu.edu/PauldingPATFERT25
(Scan the QR Code below for quick access!)

Contact Information:

For questions or additional information, contact:
Sarah Noggle
📧 Email: noggle.17@osu.edu
📞 Phone: (419) 399-8225

Don’t miss this chance to recertify, connect with other producers, and gain valuable knowledge for the upcoming growing season. Reserve your spot today! 🌾

NW Ohio Newsletter 2025

📬 The 2025 Northwest Ohio Newsletter is Coming!

Exciting news! The 2025 Northwest Ohio Newsletter will be hitting mailboxes near the end of December! 🗓️

Packed with the latest updates on agriculture, Extension programming, and community opportunities, this newsletter is your go-to resource for staying informed and connected.

Prefer to read online? 📲 Check out the Virtual Version here.

Stay tuned—there’s a lot to look forward to as we kick off a new year together! 🌾

#Agriculture #Extension #NWOhio #StayConnected #LeanOnYourLandGrant #PauldingCountyStrong #OSUE