A line of credit can help cover day-to-day expenses and function as an emergency fund, but borrowing costs can also make them expensive.

What Is a Farm Operating Line of Credit, and How Do I Get One?

Land lease agreements or ‘grazing leases’ can be a valuable tool, giving new farmers access to land they might not be able to buy outright. Here’s what you can expect to find in a typical agreement.

A Simple Guide to Grazing Leases

Farming is an unpredictable business. Income averaging can help by smoothing out sudden spikes in your farm’s tax bill.

A Guide to Schedule J (Form 1040): Income Averaging for Farmers

Regularly reconciling your books with your bank statements can help you catch bookkeeping errors, prevent fraud and ensure your records match reality.

What Is a Bank Reconciliation, and How Does It Work?

An accurate cash flow budget can help you stay on top of bill payments, know your borrowing needs and plan big investments with confidence.

What Is a Cash Flow Budget, and Why Is It Important?

An LLC could protect your personal assets from creditors and lawsuits, lower your tax bill and make succession planning easier, but it comes with lots of caveats too.

Limited Liability Companies (LLCs): A Decision Guide for Farmers

Small business owners often don’t pay themselves a normal wage, but doing so could help their bottom line.

Owner’s Draw or Salary: How Should I Pay Myself?

If you’re a farmer and suspect you might have underpaid your estimated taxes, you can use Form 2210-F to see if you owe a penalty. Here’s how it works.

A Simple Guide to Form 2210-F: Underpayment of Estimated Tax By Farmers

A straightforward guide to making the most of the mileage rate deduction for your farm.

What Is the 2025 IRS Mileage Rate?

Gross profit can be an important decision-making tool, revealing the profitability of different business segments and sales channels. Here’s how it works. 

What Is Gross Profit, and Why Is It Important in Agriculture?

Set your livestock operation up for success with organized records and a reliable bookkeeping routine.

Ranch Bookkeeping 101: A Checklist

Explore funding opportunities for urban agriculture, sustainable farming research, seasonal wetlands management, women in agriculture and more.

Farm Funding Deadlines: May 2025 Edition

Keeping petty cash topped up ensures you can cover spur-of-the-moment expenses while tracking day-to-day spending.

How to Use a Petty Cash Record Book

Mixing business and personal transactions can create financial blind spots, run up your tax bill and make it difficult to plan for the future. Here’s how to separate them properly.

Separating Business and Personal Finances: A Checklist

The QBI deduction allows owners of sole proprietorships, partnerships, LLCs and S Corps to reduce their taxable business income by 20%. Here’s how to calculate it using Form 8895.

Form 8995: How to Calculate Your Qualified Business Income (QBI) Deduction

If you hire a contractor or pay another business in the form of barter, there’s a good chance you’ll need to request a Form W-9. Here’s how it works.

What Is a W9 Form, and Why Do I Need One?

You generally have to pay taxes on forgiven debts, which is why your lender might send you a Form 1099-C. Here’s how it works.

IRS Form 1099-C: How to Report Cancelled Debt on Your Taxes

Annual HVUT can total up to $550 per vehicle, but farmers can use Form 2290 to exempt their vehicles from the tax. Here’s how.

A Guide to Form 2290 and the Heavy Vehicle Use Tax (HVUT) Exemption for Farmers

You might receive Form 1099-A if your lender takes possession of your property, or if you abandon it. Here’s how it works.

How to File Form 1099-A for Foreclosed, Repossessed or Abandoned Property

If you pay someone more than $600 in rents, royalties, veterinary fees or barter over the course of the year, you might have to file a 1099-MISC. Here’s how.

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