Forty-six Extension professionals participated in the “Risser Farm Financial Management Training" for the Beginner and Small Farmer Program held on April 27, 2023, at The Ohio State University. This professional development training was held for Extension professionals wishing to gain their certification to be instructors for OSU Extension Small Farm Financial Management Colleges which will help producers meet the Ohio Beginner Farmer Tax Credit training requirement offered through the Ohio Department of Agriculture. This training was sponsored through the gracious support of the Louis D.
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.
Farming is a complex business and many Ohio farmers utilize outside assistance for specific farm-related work. This option is appealing for tasks requiring specialized equipment or technical expertise. Often, having someone else with specialized tools perform a task is more cost effective and saves time. Farm work completed by others is often referred to as “custom farm work” or more simply, “custom work”. A “custom rate” is the amount agreed upon by both parties to be paid by the custom work customer to the custom work provider.
Economic relief measures in the CARES Act have proven difficult for farms, first due to confusion over which and how farmers qualify and also by soaring demand and depleted funding. But the recently enacted Paycheck Protection Program and Health Care Enhancement Act (HR 266) should help. The legislation injects more funds into both the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans Program (EIDL) and clarifies that farmers can qualify for EIDL loans. The bill also came with a bonus
NORTH JACKSON, Ohio – Farmers are always looking for ways to be more efficient and self-sustainable, and energy technology is one way to accomplish both.
The Mahoning County office of Ohio State University Extension is hosting a field day Aug. 9 from 10 a.m. to 1:30 p.m. at Ward Campbell Farm, 11440 Palmyra Road in North Jackson. The focus of the event is how energy technology, such as solar and wind technology, can fit into a farm management plan.