K·Coe Insights: Posts from category

Agriculture

Ag Update: 4 Notable Items for Farms and Ranches under USDA Farm Programs

By Matthew Farrell | February 3, 2021
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Reading Time: 3 minutes In an effort to provide additional support to farms and ranches due to the Coronavirus pandemic, the United States Department of Agriculture (USDA) recently made changes to some of its Farm Programs.  Below is a summary of notable impacts for agribusinesses. USDA Suspends Actions on Delinquent Borrowers Farm Storage Facility …

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USDA Pauses Additional Assistance for CFAP1 and CFAP2, Second Stimulus (CFAP3) Funds Largely Unaffected

By Matthew Farrell | February 3, 2021
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Reading Time: 2 minutes A series of announcements have been made regarding CFAP funding recently.  Below, K·Coe’s Farm Program Services team has summarized what you need to know about the temporary pause on CFAP assistance. Recent Turn of Events On January 15, the USDA announced additional assistance would be provided for limited producers. On …

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Ag Marketing Strategy: 5 Traits Found in Resilient Producers

By Eric Osterhaus | January 29, 2021
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Reading Time: 8 minutes With the start of 2021, the obvious “silver lining” is that despite all of the headlines, we are now experiencing some of the best commodity marketing prices we have seen in the last six years.  But despite the unexpected rise to profitable prices, there are still some producers feeling as …

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Business Tax Update: New 1099 Nonemployee Compensation Tax Form for 2020 Tax Year

By Sandy Sporleder | January 18, 2021
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Reading Time: 3 minutes After a 38-year absence, Form 1099-NEC has made its return in the 2020 tax year, and its January 31 deadlines are right around the corner.  Don’t panic – here’s everything you need to know about the revived form, and how it is intended to be used. For the last few …

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USDA Announces CFAP Program Updates: Who Benefits?

By Matthew Farrell | January 15, 2021
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Reading Time: 2 minutes On January 15, the USDA announced rule changes that would provide additional assistance for many farmers and ranchers due to COVID-19 disruptions. The new rules make changes to the Coronavirus Food Assistance Program 1 (CFAP1) and Coronavirus Food Assistance Program 2 (CFAP2). Some of these changes were made following requirements …

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Meal and Entertainment Deductions

Business Tax Update: Many Meal and Entertainment Deductions Have Increased

By Sandy Sporleder | January 10, 2021
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Reading Time: 2 minutes In an effort to provide additional stimulus funding, The Consolidated Appropriations Act was signed by the President on December 27, 2020.  Included in the guidance were changes to deductions for business meals in tax years 2021 and 2022. New Provisions include Higher Temporary Meal Deductions In an effort to stimulate …

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New Stimulus Package Includes Funding for Farmers and Ranchers

By Kala Jenkins | December 30, 2020
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Reading Time: 2 minutes We welcome the New Year with a new stimulus package that includes direct support for agriculture. President Trump signed the latest coronavirus relief bill on December 27, 2020, in which lawmakers combined stimulus legislation with funding USDA payments to both crop and livestock producers. The bill provides $13 billion for …

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why-plan-succession-now

Why Today is a Good Day to Jumpstart Your Succession Plan

By KCoe Editorial | October 30, 2020
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Reading Time: 5 minutes Agricultural businesses have withstood their fair share of COVID disruption – from family life to the workplace.  While this has forced financial strain, labor disruptions, and tough decisions on producers, it has also ripened some opportunities where you might not expect them. In times like these, most family businesses quickly …

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