New Year, New Plan: What producers need to pay attention to when it comes to taxes this year

As we enter the new year, you might be thinking about setting up an estate plan or making changes to your existing plan.

Roger McEowen with the Washburn School of Law spoke with RFD-TV’s own Tammi Arender on the importance of power of attorney documents, tax planning, and what to keep in mind this new year.

Related Stories
Ag Secretary Brooke Rollins will travel to Europe and Asia to seek new trade partnerships for U.S. crops after China reduced imports due to tariffs.
The $221 million will help farmers and ranchers cover losses from Hurricane Helene that USDA programs didn’t cover. They’ll focus on infrastructure, markets, timber, and future economic losses.
Tom Peterson with the New Mexico Cattle Growers Association says taxpayers are “unfortunate casualties” of this overlay now that the Mexican wolf population is stable under ESA guidelines.
Co-Bank Lead Dairy Economist, Corey Geiger, joined us on Friday’s Market Day Report for a further look at the drop in replacement heifers and the trend’s longterm impact on dairy producers and cattle prices.
The agriculture workforce’s struggles with labor issues in recent years have opened the door to more automation and integration of artificial intelligence (AI).