This Too Shall Pass
Ag Law
The Udder Side of the Story
I received information from our State Public Health Veterinarian for the state of Arkansas last week. It is very interesting that rabies is on the rise again. Last year we had a total of 152 cases that were confirmed positive. Of the 152 cases reported we had 118 skunks, 26 bats, 3 dogs, 3 cats, 1 cow and 1 horse.
The Udder Side of the Story
Ag Law
Farm Finance
Those of us in agriculture know the statistics: 1/3 of the nation’s farmers are age 65 or older, 50 percent of farmers are planning on retirement in the next decade, half of our nation’s farmland is controlled by farmers age 55 or older, and only 5 percent of our farming population consists of farmers younger than 35. Why this disparity? In discussions with several friends who are entering or have entered the industry, we came up with three top reasons: lack of financial resources, limited access to land and high-risk contributing to low motivation.
Ag Law
There are many websites and radio advertisements that offer services to help “compromise” IRS Tax Bills. Many of these offers make dubious claims, and can entail upfront costs that exceed the results produced. Some of these promoters advertise that they can settle your tax debt for “pennies on the dollar,” which is a false and misleading claim.
Ag Law
Future Plans
Year-End Thoughts
It’s the end of the year and we are in the midst of the holidays. Everyone’s mind is filled with thoughts of family, friends, food, gifts and parties. For the farmers and ranchers among us, those are joined by thoughts of harvest, winter planting, year-end stockyard sale days and new equipment discounts. We are making decisions on whether to sell the harvest now or later, to buy that new tractor or not, to cull that cow, to keep that heifer. Any and every decision we make, regardless of the time of year, has a lasting effect on our operations and the well-being of our families.