Determining whether to buy or lease farm equipment is a big decision for many producers.
There are some tax and non-tax factors that producers should consider before making that decision.
Roger McEowen with the Washburn School of Law spoke with RFD-TV’s own Suzanne Alexander about the benefits of leasing, tax planning considerations, and advice for producers.
Related Stories
As input costs continue to rise, diesel prices have held steady in recent weeks, according to energy analysts at GasBuddy.
U.S. soybean farmers are growing increasingly frustrated by Argentina’s gains in Chinese grain contracts and Trump’s pledge of economic support for the South American ally.
Estate tax relief reduces pressure, but succession planning remains the critical challenge for farm families.
Midwest corn and soy producers are monitoring for disease and lower yields due to the ongoing drought over the last 30 days.
A new study by the National Grains and Feeds Association found that their industry generates $401.7 billion in economic output and supports over 1.16 million jobs nationwide.
Farmers should anticipate continued upward pressure on farm labor costs and monitor policy changes that may further impact hiring decisions.