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The Purdue University/CME Group Ag Economy Barometer released Jan. 9 shows agricultural producers have reduced optimism heading into 2018. The barometer fell to 126 in December, a two-point drop from November’s 128 and the second straight month of declines in producers’ sentiment toward the health of the agricultural economy.
Kansas State University Economist Duane Hund suggests that farmers work on a financial statement and talk with their lender. In some cases, it’s not declining production but the declining value of production that’s the problem.
There are a number of things agricultural producers can do to limit their tax liability, but time is running out for 2017.
Technological developments in agriculture have been influential in driving changes in the farm sector. Innovations in animal and crop genetics…