Christmas came early for the Missouri Cattlemen’s Association (MCA) after the Missouri Tax Commission voted to not increase property taxes for tillable land and a 7 percent decrease in taxes for pasture ground (classified as grades 5-7). Land classified as grade 8 received a 3 percent decrease. MCA Executive Vice President Mike Deering said the […]
Farms and ranches need tax relief now. That’s what a South Dakota farmer told the House Ways and Means Subcommittee today, asking them to consider a permanent tax code that boosts the agricultural economy and frees them to reinvest in their businesses. “Farmers and ranchers operate under tight profit margins, often for rates of return […]
As a farmer, if you maintain proper records, How Farms Work shows you that taxes don’t have to be as scary as they could be this tax season.