WASHINGTON, D.C. (RFD-TV) — As the year winds down, many farmers are taking a close look at their balance sheets and cash-flow records to prepare for tax season and make smart decisions about input purchases for the year ahead. With 2026 operating line of credit applications underway, financial planning is top of mind across the countryside.
Joe Peiffer with Ag & Business Legal Strategies joined us on Monday’s Market Day Report to offer timely end-of-year guidance.
In his interview with RFD-TV News, Peiffer outlined the key records and materials farmers need to have updated before applying for their 2026 operating line of credit. He also discussed some of the most common mistakes producers make during the application process and how avoiding those pitfalls can improve their chances of approval.
Peiffer addressed the frequent end-of-year rush to purchase equipment in hopes of claiming capital expenses on spring tax returns. He shared several important factors farmers should weigh when deciding whether to buy now or hold off until next year. He also explained how a producer’s current debt load should influence that decision.
Finally, Peiffer cautioned farmers to think carefully before making a purchase they are only “mostly sure” they need before the end of the year, highlighting why the perceived tax advantage may not outweigh long-term financial considerations.
Strong demand supports sweet potatoes, but grading challenges and rising costs weigh on returns for Southeastern growers.
December 02, 2025 06:17 AM
·
Tryston Beyrer, Crop Nutrition Lead at The Mosaic Company, examines planning trends as producers weigh corn and soybean plantings for 2026.
December 01, 2025 03:27 PM
·
Brooks York with AgriSompo joins us to offer an update on what agents are prioritizing as the calendar year winds down.
December 01, 2025 03:06 PM
·
A leading Oklahoma veterinarian explains common symptoms of Equine Herpes Virus (EHV) and warns owners to remain vigilant because it can spread quickly among horses.
December 01, 2025 02:16 PM
·
National FFA President Trey Myers joins Monday’s FFA Today to share his hopes and goals for the 2025-2026 year as he steps into this opportunity to lead and serve the next generation of agriculture.
December 01, 2025 01:00 PM
·
Despite the need for swift action, many ag lawmakers and industry groups argue that farm aid alone will likely not be sufficient to help farmers without improved trade relations with China.
December 01, 2025 12:21 PM
·
Fair market value shapes taxes, transitions, lending, and sales, making accurate valuation essential for long-term planning.
December 01, 2025 11:21 AM
·
SDRP Stage 2 now helps producers recover shallow, uninsured losses from major 2023–2024 disasters, with streamlined sign-ups open through April 30.
December 01, 2025 11:16 AM
·
November 26, 2025 01:43 PM
