Producers may want to consider income averaging to help with fluctuations
Farmers are working to navigate current economic conditions in agriculture. While 2022 will likely be a good income year for many, 2023 might be quite different. One tool for “smoothing out” fluctuations from year-to-year is income averaging.
Roger McEowen with the Washburn School of Law spoke with RFD-TV’s own Tammi Arender on what is eligible, what producers need to know, and any limitations.