Author Archives: hewlett@uwyo.edu

Getting Started In Ag: Ag Tax Management Resources from RuralTax.org

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TAX MANAGEMENT can be overwhelming for a variety of reasons, especially from a production agriculture standpoint.

The massive size of the federal tax code and its accompanying regulations, along with the number of hours required for compliance can seem staggering, especially to new and beginning producers. Although tempting to hand it off to an accountant, tax management should be an integral part of your farm management and overall risk management planning.

Getting Started In Ag: Dealing With Inflation and Supply Chain Disruptions

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OPERATORS just starting out in agriculture may be unaware of the many ways inflation can sap the profitability of a business, how to properly quantify its effects or strategies for dealing with it.

The Covid-19 pandemic caused many disruptions, one of the more serious may be inflation. Virtually everyone involved in production agriculture is dealing with the effects of inflation at present. In addition, indications are that it may be with us for a considerable time. Supply chain disruptions and inflation are often interconnected. For example, manufacturing disruptions that have come about due to Covid or other issues, have reduced supply and led to increasing prices.