ABM News

Farm Transition and Estate Planning provides farm families with the tools and skills to move forward with developing their farm business transition and personal estate plans.

The Extension Agricultural Business Management team invites you to examine the updated Farm Legal Series.

Under cash-rent and share-cropping arrangements, the key distinction in tax treatment centers on whether the landowner materially participates in the farming operation.

The transition from active farming to retirement requires careful navigation to avoid unexpected tax bills.

A change to the payment limits set by the Farm Service Agency (FSA) will positively impact farms operating as business entities.

Minnesota’s minimum wage was adjusted for inflation to $11.41 an hour for all employers in the state.

The key to knowing when to trade in an old piece of farm machinery for new equipment boils down to comparing the long-term average cost of a new machine to the yearly expense of keeping your old one.

In the next two decades, an estimated 70% of U.S. farmland will change hands, putting many family farms and their communities at a critical juncture.

Agriculture has always been shaped by highs and lows. We offer practical strategies to help farms stay resilient and financially sound during lean times.

Taxes aren’t simply a once-a-year task; they reflect your broader financial health. When you approach a tax meeting as a strategic conversation, you gain insight into how your life choices influence your taxes and position yourself to make smarter decisions.