The Clean Fuel Production Credit (45Z) recently got a big upgrade from the “One Big, Beautiful Bill” Act. Here’s what that means for agricultural producers, and what you can do to prepare. 

How Can Ag Producers Prepare for the 45z Tax Credit?

Maintaining detailed inventories for pesticides, herbicides, fungicides and other chemicals used on the farm can help improve yields, increase efficiency and satisfy important environmental recordkeeping requirements.

Chemical Inventory and Recordkeeping for Agricultural Producers

Smart fertilizer inventory management and recordkeeping can help maximize yields, protect ecosystems and ensure compliance with important environmental regulations.

A Producer’s Guide to Fertilizer Inventory and Recordkeeping

When it comes to structuring their business, many agricultural producers prefer to start simple, beginning as sole proprietors or entering partnerships. Here’s what they mean for your operation. 

Sole Proprietorships and Partnerships: A Guide for Agricultural Producers

Keeping accurate seed inventory records can help your operation save money, improve yields and meet organic recordkeeping requirements.

Taking Care of Your Seeds: How to Manage a Seed Inventory

Sometimes you don’t have to make assumptions about your inventory costs. That’s where the specific identification method comes in. 

Specific Identification Method: Definitions, Examples and Best Practices

When prices fluctuate, the weighted average cost method can smooth out volatility and simplify recordkeeping.

Weighted Average Cost (WAC): Definitions, Examples and Best Practices

LIFO assumes that newer, more recently-produced or purchased inventory is sold or used first. Here’s what that means for your profitability and your tax bill. 

Last-In, First-Out (LIFO): Definitions, Examples and Best Practices

If you deal with perishable goods, you might already use FIFO in your day-to-day work. Here’s what it means for your inventory accounting, your profitability and your tax bill.

First-In, First-Out (FIFO): Definition, Examples and Best Practices

Farmers have numerous methods available to them, each of which can impact profitability, balance sheet values and taxes. Here’s how they work.

Which Farm Inventory Valuation Method Should I Use?

Accounting for your farm inventories properly can help you secure funding, streamline your expenses and more accurately measure profitability.

Farm Inventory Accounting 101

There are better ways to reduce your tax bill than purchasing a new truck. Here’s a few to ask your tax professional about.

End of Year Tax Planning for Agricultural Producers

Do you have enough feed to last the feeding season? And if not, should you purchase more or change your feeding program? Your feed inventory will tell you.

Feed Inventory Management: Setup, Best Practices and Calculations

Understanding your cost of production is crucial for benchmarking your performance, evaluating future purchases and making better marketing and management decisions.

Calculating the Cost of Production for a Cow-Calf Operation

A CPA can help with your bookkeeping, taxes, accounting and business planning, but bringing one on board can involve a significant expense. Here’s what you need to know before hiring one.

How Much Will a CPA Cost My Agricultural Business?

Choosing the right business structure can affect your liability if something goes wrong, your taxes, how you pass the business onto the next generation and your flexibility when bringing in investors. 

How to Choose the Right Business Structure for Your Farm or Ranch 

If you sell commodity futures to protect crop earnings, you’ll likely receive a copy of Form 1099-B from your broker. Here’s how it works and what it means for your tax bill.

A Guide to Form 1099-B and Reporting Commodity Trade Earnings on Your Taxes

The One Big Beautiful Bill Act (OBBBA) has big changes in store for ag producers, particularly when it comes to their taxes. Keep an eye on the following changes to minimize your tax bill.

How Will the OBBBA Tax Changes Affect Agricultural Producers?

These ag-friendly clean vehicle, green renovation and other green tax credits won’t be around forever. Make sure to claim them while they’re still available.

Claim These Green Tax Credits Before They Expire

Equine insurance helps protect owners from devastating financial losses. But before you buy a policy, you’ll want to know what types of coverage exist and what’s included.

All Posts