What accounting methods do producers need to keep in mind when it comes to deductions?

There are multiple accounting methods when it comes to reporting income and deducting business-related expenses, and while some may offer potential benefits at times, certain rules apply when a taxpayer changes from one method to another.

Roger McEowen with the Washburn School of Law spoke with RFD-TV’s own Tammi Arender on main methods for farmers, acreage allotments, and a recent case in Arkansas.

Related Stories
“Organic is less reliant on exports”
“A row crop farmer, we’re not impacted that much... the freight trucks had to stop and keep them off the road.”
Thu, 1/16/25, 2:30 PM ET – Commercial Cattle Video Auction live from Coors Field in Denver, CO