Farm Office Live – Did You Miss the January Topics? Recording Available.

Farm Office Live provides the latest outlook and updates on ag law, farm management, ag economics, farm business analysis, and other issues dealt with in your farm office. Targeted to farmers and agri-business stakeholders, our specialists digest the latest news and information and present it in an easy-to-understand format.

Photo of Farm Office Team Presenters

To register, visit the Farm Office Live registration site at https://osu.zoom.us/webinar/register/WN_8abbbMu0RdC-oPB5DFuB3w.

Register once and you’ll receive reminders for future sessions.

DOWNLOAD JANUARY SLIDES 

Future dates: 

February 16 7:00 – 8:30 pm
February 18 10:00 – 11:30 am
March 16 7:00 – 8:30 pm
March 18 10:00 – 11:30 am
April 20 7:00 – 8:30 pm
May 18 7:00 – 8:30 pm

Did you miss a Farm Office Live?  Access our past Farm Office Live recordings and materials https://farmoffice.osu.edu/farmofficelive

The 2022 PLC and ARC Decision

By: Gary Schnitkey, Nick Paulson, and Krista Swanson – Department of Agricultural and Consumer Economics – the University of Illinois and Carl Zulauf – Department of Agricultural, Environmental and Development Economics – Ohio State University

Farmers will again have until March 15 to make commodity title program selections. Given the current high prices, commodity title payments are not expected from any program option for the 2022 marketing year. If a change in conditions resulted in payments, those would be received in October 2023, after the close of the 2022 marketing year. Farmers wishing to purchase the Supplemental Coverage Option (SCO) crop insurance policy must select Price Loss Coverage (PLC) as the commodity title choice. Based on current price projections, Agriculture Risk Coverage at the county level (ARC-CO) will maximize the chance of payment for soybeans, although that chance will be small. The probability of payments is roughly the same for corn and soybeans.

Decision Overview

Farmers have three program options when making their election decisions.

  • Price Loss Coverage (PLC) is a crop-specific fixed price support program that triggers payments if the marketing year average (MYA) price falls below the commodity’s effective reference price. Payments are made on 85% of historical base acres.
  • Agricultural Risk Coverage at the county level (ARC-CO) is a crop-specific county revenue program. ARC-CO triggers payments if actual revenue (MYA price times county yield) falls below 86% of the benchmark revenue (product of benchmark price and trend-adjusted historical yield for the county). Payments are made on 85% of historical base acres.
  • Agricultural Risk Coverage at the individual level (ARC-IC) is a farm-level revenue support program. Like ARC-CO, payments are triggered if actual revenue falls below 86% of the benchmark. If an FSA farm unit is enrolled in ARC-IC, information for all commodities planted in 2022 are combined together in a weighted average to determine benchmark and actual revenues. If a farmer enrolls multiple FSA farms in the same state, all farm units are combined in determining the averages for actual and benchmark revenues. Payments are made on 65% of historical base acres.

Decisions are made for each FSA farm unit. PLC and ARC-CO are commodity-specific and can be mixed and matched on the same FSA farm or across different FSA farms (i.e. PLC for one commodity, ARC-CO for another on the same FSA farm, or using different programs for the same crop on different FSA farms).

The following sub-section will discuss the PLC and ARC-CO decision for corn, soybeans, and wheat in 2022. This focus is taken as most individuals choose between PLC and ARC-CO. Not many farms are enrolled in ARC-IC. Even if enrolling in ARC-IC, having some understanding of the PLC and ARC-CO alternatives will be valuable in making decisions. Continue reading

Ohio Farmland Leasing Update Webinar from OSU’s Farm Office

2022Farmland_Leasing_Update Flyer

Contact: Peggy Kirk Hall, 614.688.0466

Is it time to review your farmland leasing situation?  OSU’s Farm Office team will provide helpful leasing resources in its Ohio Farmland Leasing Update webinar on February 9, 2022, from 7 to 9 p.m.

“Winter is a good time to review farm leases, and current information is critical to that process,” said Barry Ward,  Leader of Production Business Management for OSU Extension.  “We’ll provide the latest economic and legal information relevant to farmland leasing in Ohio.” Continue reading

Farm Office Live on November 17 or November 19

We will again host two sessions of Farm Office Live this week. Our first session is Wednesday evening from 7:00 – 8:30 pm and it will be repeated live on Friday from 10:00 – 11:30 am.

This month’s topics include:

  • Introducing Margaret Jodlowski, new Ag Economist, and the work she is doing in AEDE
  • Update on the Build Back Better Act
  • State and Federal Legislative Updates
  • Federal Farm Program Update
  • Farm Business Analysis Report

If you are already registered, you will receive a reminder email prior to the sessions. Click here to register if you’ve not yet attended.

OSU Income Tax Schools 2021

OSU Extension Announces Two-Day Tax Schools for Tax Practitioners & Agricultural & Natural Resources Income Tax Issues Webinar


Barry Ward & Julie Strawser, OSU Income Tax Schools

Dealing with the tax provisions of the COVID-related legislation for both individuals and businesses are among the topics to be discussed during the upcoming Tax School workshop series offered throughout Ohio in November and December.

“The annual series is designed to help 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 2021 tax returns,” said Barry Ward, Director of the Ohio State University Income Tax School Program.

“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 certified public accountants, enrolled agents, attorneys, annual filing season preparers, and certified financial planners. Continue reading

Farm Office Live is Back!

Farm Office Live” returns virtually this summer as an opportunity for you to get the latest outlook and updates on ag law, farm management, farm business analysis, and other related issues from faculty and educators with the College of Food, Agriculture, and Environmental Sciences at The Ohio State University.  Attend “Farm Office Live” online on July 23, 2021, at 10 AM (EST).  To register, please visit https://go.osu.edu/farmofficelive 

Farmer Advocates wanted!

Do you know of a farmer who would be an excellent candidate with leadership, enthusiasm, and passion for soil health and water quality management as a Farmer Advocate for Conservation? You can nominate them by completing an online form. Select the button for the application.

The Nature Conservancy is looking for farmers who are currently utilizing cover crops on their farms in the Maumee River Watershed of the Western Lake Erie Basin. We are looking for a diverse group of farmers; large acreage, small acreage, corn and soy, small grains, livestock, new and experienced, willing to reach out and share their knowledge and experiences with other farmers in their area. Selected farmers will be compensated for their time. Select the button for this application.

If you are interested in being part of this exciting farmer-led outreach project and would like to apply as a Farmer Advocate for Conservation please complete the online application form by selecting the button above.

The application period is open for farmers in the Western Lake Erie Basin that are interested in sharing their conservation farming practices with other farmers.  Farmer Advocates will be compensated for their time to attend the training and work with other farmers @ $30/hour.  The focus of the project is to promote farmers learning from each other about building soil health and managing water.

To apply as a Farmer Advocate for Conservation or to nominate a farmer you believe would be an excellent candidate please use the online application and nomination forms on the landing page found at https://sites.google.com/view/farmeradvocate or please contact Stephanie Singer, Stephanie.Singer@tnc.org.

The Dirt on Soil Health: Investing Below the Surface recordings available.

Did you miss out on the live presentations for this winter on The Dirt on Soil Health: Investing Below the Surface? Great news! Recordings are available for the entire series of topics.

In this weekly series, farmers, industry, and academic experts weighed in on practical steps to improve soil health and measure impact on crop yield and farm profitability.

Recordings and Slide Sets are available at https://agcrops.osu.edu/events/webinar-recordings/dirt-soil-health-investing-below-surface-0 or on the OSU Agronomic Crops Team YouTube Channel at https://www.youtube.com/playlist?list=PLYlh_BdeqniJPI5Ga7icO7mbFzDdpK7fr or by clicking one of the videos below.

Does It Pay to Improve Soil Health on Your Farm?

Panel discussion with farmers Nathan Brown (Highland County), Matt Falb (Wayne County), and Les Seiler (Fulton County).

Continue reading

Farm Office Live Continues!

By:  Barry Ward, David Marrison, Peggy Hall, Dianne Shoemaker, and Julie Strawser – Ohio State University Extension

“Farm Office Live” continues this winter as an opportunity for you to get the latest outlook and updates on ag law, farm management, ag economics, farm business analysis and other related issues from faculty and educators with the College of Food, Agricultural, and Environmental Sciences at The Ohio State University.

Each Farm Office Live begins with presentations on select ag law and farm management topics from our specialists followed by open discussions and a Q&A session. Viewers can attend “Farm Office Live” online each month on Wednesday evening or Friday morning or can catch a recording of each program.

The full slate of offerings remaining for this winter are:

  • March 10th, 7:00 – 8:30 pm
  • March 12th 10:00 – 11:30 am
  • April 7th, 7:00 – 8:30 pm
  • April 9th, 10:00 – 11:30 am

Topics to be addressed in March include:

  • Coronavirus Food Assistance Program (CFAP)
  • Proposed “American Rescue Plan of 2021” – New Stimulus Legislation
  • General Legislative Update
  • Ohio Farm Business Analysis – A Look at Crops
  • Ohio Cash Rental Rates: Outlook and Discussion on Lease Alternatives

To register or view past recordings, visit https://go.osu.edu/farmofficelive

For more information or to submit a topic for discussion, email Julie Strawser at strawser.35@osu.edu or call the Farm Office at 614-292-2433. We look forward to you joining us!

Ohio Farm Business Analysis Program

The message is clear: farms must know their costs of production for corn, soybeans, hay, milk, meat, and any other commodities they produce.  Why?  To make informed marketing, production, and financial management decisions that contribute to the overall profitability of the whole farm business.

Farm business analysis is a tool that can be applied to any farm, regardless of size, crop, or livestock enterprise. Financial management is critical to the success of every farm business, and with analysis, farms are able to better understand the numbers behind their profits or losses. Continue reading

Need Good Ag Practices (GAP) Training?

The produce safety team has a March 18 online GAPs training scheduled this winter.  These programs are free to attend.

You can find more information at https://producesafety.osu.edu/events. Registration link for March 18 event:

Mar 18, 6:00-9:00pm: register at https://go.osu.edu/gapstraining3-18

GAPs Training Webinar Flyer 2021 – 3.18

What is GAP Training?

This is a 3-hour educational course that covers good agricultural practices or GAPs. GAPs training provides growers with the knowledge and tools needed to implement on-farm best management practices to reduce on-farm microbial food safety hazards. Participants will receive a certificate of completion at the end of the training.

OSU Extension to Host “Planning for the Future of Your Farm” Workshop

By David Marrison, Peggy Hall, and Jeffrey Lewis

Planning For Future Farm Webinar

OSU Extension will host a virtual three-part “Planning for the Future of Your Farm” workshop on February 15, 22, and March 1, 2021, from 6:30 to 8:30 p.m. via Zoom. This workshop will challenge farm families to actively plan for the future of the farm business. This workshop is designed to help farm families learn strategies and tools to successfully create succession and estate plan that helps you transfer your farm’s ownership, management, and assets to the next generation. Learn how to have crucial conversations about the future of your farm. Continue reading

Farmer’s Tax Guide- Tax Guidance for Your Farm Business

By: Barry Ward, Director, OSU Income Tax Schools & Leader, Production Business Management

Do you need a resource to answer those tough farm tax questions? If so, you can access the Farmer’s Tax Guide (IRS Publication 225) online at https://www.irs.gov/pub/irs-pdf/p225.pdf  The 2020 Farmer’s Tax Guide explains how federal tax laws apply to farming. This guide can be used as a guide for farmers to figure taxes and complete their farm tax returns.

The explanations and examples in this publication reflect the Internal Revenue Service’s interpretation of tax laws enacted by Congress, Treasury regulations, and court decisions. However, the information given does not cover every situation and is not intended to replace the law or change its meaning.

Some of the new topics for the 2020 tax year which are included in this publication are: Tax treatment of Coronavirus Food Assistance Program (CFAP) payments, Payroll Protection Program (PPP) Loans and Forgiven Debt, Increased section 179 expense deduction dollar limits, COVID-19 related employment tax credits, and other tax relief, Redesigned Form W-4 for 2020, New Form 1099-NEC, and much more.

Hardcopies of the 2020 Farmer’s Tax Guide are also available at select county OSU Extension offices.

The Rural Tax Education Site has additional resources for agriculturally related income and self-employment tax information that is both current and easy to understand: https://ruraltax.org/

Farm Office “LIVE” Winter Edition

by: Barry Ward, David Marrison, Peggy Hall, Dianne Shoemaker – Ohio State University Extension

“Farm Office Live” returns virtually this winter as an opportunity for you to get the latest outlook and updates on ag law, farm management, ag economics, farm business analysis, and other related issues from faculty and educators with the College of Food, Agriculture and Environmental Sciences at The Ohio State University.

Each Farm Office Live will start off with presentations on select ag law and farm management topics from our experts and then we’ll open it up for questions from attendees on other topics of interest.  Viewers can attend “Farm Office Live” online each month on Wednesday evening or Friday morning or can catch a recording of each program. The full slate of offerings for this winter:

  • January 13th, 7:00 – 8:30 pm
  • January 15th, 10:00 – 11:30 am
  • February 10th, 7:00 – 8:30 pm
  • February 12th 10:00 – 11:30 am
  • March 10th, 7:00 – 8:30 pm
  • March 12th 10:00 – 11:30 am
  • April 7th, 7:00 – 8:30 pm
  • April 9th, 10:00 – 11:30 am

Topics to be addressed this winter include:

  • Outlook on Crop Input Costs and Profit Margins
  • Outlook on Cropland Values and Cash Rents
  • Outlook on Interest Rates
  • Tax Issues That May Impact Farm Businesses
  • Legal trends for 2021
  • Legislative updates
  • Farm business management and analysis updates
  • Farm succession & estate planning updates

Who’s on the Farm Office Team?  Our team features OSU experts ready to help you manage your farm office:

  • Peggy Kirk Hall — agricultural law
  • Dianne Shoemaker — farm business analysis and dairy production
  • David Marrison — farm management
  • Barry Ward — agricultural economics and tax

Register at  https://go.osu.edu/farmofficelive

We look forward to you joining us this winter!

Farmer and Farmland Owner Income Tax Webinar

By:  Barry Ward, Director, OSU Income Tax Schools
College of Food, Agricultural and Environmental Sciences, OSU Extension

Are you getting the most from your tax return? Farmers and farmland owners who wish to increase their tax knowledge should consider attending this webinar that will address tax issues specific to this industry. Content focuses on important tax issues and will offer insight into new COVID related legislation.

Mark your calendars for December 3rd, 2020 to participate in this live webinar from 6:30 to 8:30 pm. The event is a joint offering from OSU Income Tax Schools which are a part of OSU Extension and the College of Food, Agricultural, and Environmental Sciences and Purdue University Income Tax Schools.  If you are not able to attend the live webinar, all registered participants will receive a link to view the recorded webinar at a time of their convenience. This link will be available through the tax filing season. Continue reading

2020 Virtual Agricultural Lender Seminar

Join OSU Extension in 2020 Virtual Agricultural Lender Seminar

Wednesday, October 21, 2020
9:00 am—12:00 pm
Registration Is Now Open
Link: http://go.osu.edu/2020AgLenderSeminarReg
Cost $25

Topics and speakers:

  • Grain Prices and Farm Policy – Ben Brown, OSU AEDE
  • Enterprise Budgets and Returns per Acre – Barry Ward, OSU Extension
  • Niche/Small Farm Legal Issues – Peggy Hall, OSU Extension
  • Growing Customer Relationships – Rob Leads, OSU Extension
  • U.S. Ag & Financial Conditions – David Oppedahl, Federal Reserve Bank, Chicago

Feel free to contact OSU Extension Defiance County at 419-782-4771 or walters.269@osu.edu

Recap of this week’s OSU Extension Farm Office Live

The video recap of October 7, 2020, 8:00-9:30 a.m.

The October 7th session included updates on the second round of the Coronavirus Food Assistance Program (CFAP 2), 2020 crop enterprise budgets, farm custom rates, COVID immunity legislation, and other emerging legal and economic issues.

Download October 7 slides

 

Take the OSU Extension Health Survey – Looking for Full and Part Time Farmers

  • Give us 15 minutes to tell us about your health behaviors for sun safety and 7 other areas: sleep, stress, nutrition, physical activity & a few more
  • We will not ask your name, or any other personal identifiers – your information will be aggregated with other farmer responses in Ohio
  • This information will develop future Extension programs and resources for healthy living.
  • There is a $10 gift card incentive for all completed surveys – for 100 Ohio farmers.
  • Go to our survey link directly:  www.go.osu.edu/HealthSurvey2020

For questions, contact:

Pat Brinkman, Extension Educator Family & Consumer Sciences, brinkman.93@osu.edu

Dee Jepsen, Ag Safety and Health, jepsen.4@osu.edu

Governor Signs Ohio Coronavirus Immunity Bill

By: Peggy Kirk Hall, Wednesday, September 16th, 2020

It took five months of negotiation, but the Ohio General Assembly has enacted a controversial bill that grants immunity from civil liability for coronavirus injuries, deaths, or losses. Governor DeWine signed House Bill 606 on September 14, stating that it strikes a balance between reopening the economy and keeping Ohioans safe.  The bill will be effective in 90 days.

The bill’s statement of findings and declaration of intent illustrate why it faced disagreement within the General Assembly.  After stating its findings that business owners are unsure of the tort liability they may face when reopening after COVID-19, that businesses need certainty because recommendations on how to avoid COVID-19 change frequently, that individuals who decide to go out in public places should bear responsibility for taking steps to avoid exposure to COVID-19, that nothing in existing Ohio law established duties on business and premise owners to prevent exposure to airborne germs and viruses, and that the legislature has not delegated authority to Ohio’s Executive Branch to create new legal duties for business and premises owners, the General Assembly made a clear declaration of intent in the bill:  “Orders and recommendations from the Executive Branch, from counties and local municipalities, from boards of health and other agencies, and from any federal government agency do not create any new legal duties for purposes of tort liability” and “are presumed to be irrelevant to the issue of the existence of a duty or breach of a duty….and inadmissible at trial to establish proof of a duty or breach of a duty in tort actions.” Continue reading