Tax Management for Beginning and Small Farm Businesses
Event Details
Date
January 18, 2022
Time
7pm - 9pm
Location
Online via Zoom
Cost
Regular : $10.00
Scholarship : Free
Host
South Central New York Dairy & Field Crops
A one-night virtual meeting for beginning and part-time farmers that provides useful tax information enabling participants to be make better tax decisions for their business. Federal and state income taxes will be covered. Tax regulations specific to NYS will be covered as well.
This course is part of Cornell Cooperative Extension's Farmer Tax School: An educational series from Cornell Cooperative Extension Farm Business Management Specialists offering courses designed to inform and empower farm managers to better understand their tax obligations, management strategies, and improve farm profitability. This consists of four courses offered October 2021 - January 2022. For more information, visit tinyurl.com/ccetaxschool.
COST: Each course has its own fee. See below for more information regarding our program scholarships.
REGISTRATION: Register online by visiting tinyurl.com/ccetaxschool. This is REQUIRED three business days in advance of the workshop. You can register for one, some of, or all courses. Following your registration, you will receive a confirmation email and an invitation to complete a pre-course survey. This survey will help our instructors tailor the topics covered in each course.
CAN'T MAKE IT LIVE?: Sign up any and we'll send you a recording following the workshop.
TECH REQUIREMENTS: Zoom (on phone, tablet, or computer). You may also call in and request paper documents be mailed to you.
IS THIS FOR ME?: This series has options for agricultural producers of all shapes, sizes, and time in business.
SPONSORSHIP: We are currently seeking agribusiness sponsorship for this series. We will be providing all of our participants with a directory of sponsors and their financial support services offered.
Experiencing financial hardship? Attend for free! Select the "scholarship" option at payment. Support for this option is made possible by our generous sponsors.
For more information, or for assistance in finding the course that is right for you, contact your regional Farm Business Management Specialist or any of the following planning team members:
- Bonnie Collins, CCE Oneida County, 315-335-4268, bsc33@cornell.edu
- Steve Hadcock, Capital Area Agriculture and Horticulture, 518-380-1497, seh11@cornell.edu
- Elizabeth Higgins, Eastern New York Commercial Horticulture, 518-949-3722, emh56@cornell.edu
- Mary Kate MacKenzie, South Central New York Dairy and Field Crops, 509-294-6073, mkw87@cornell.edu
- Dayton Maxwell, Capital Area Agriculture and Horticulture, 518-380-1498, dtm4@cornell.edu
- Joan Petzen, Northwest New York Dairy, Livestock, and Field Crops, 716-378-5267, jsp10@cornell.edu
- Katelyn Walley-Stoll, Southwest New York Dairy, Livestock, and Field Crops, 716-640-0522, kaw249@cornell.edu
Cornell Cooperative Extension is an employer and educator recognized for valuing AA/EEO, Protected Veterans, and Individuals with Disabilities and provides equal program and employment opportunities. For accommodations and accessibility concerns, please Katelyn Walley-Stoll by calling 716-640-0522. This information is for educational and reference purposes only and is not a substitute for sound legal counsel and tax preparation. Cornell Cooperative Extension is dedicated to proving research-based information to our agricultural producers. Every effort has been made to provide correct, complete and up-to-date recommendations. Changes occur constantly and human errors are possible.
Dairy
Livestock
Grazing
Forages
Grains
Upcoming Events
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January 30, 2025
February 13, 2025
February 27, 2025
March 13, 2025
March 27, 2025
: Cultivating Success with Better Bookkeeping
Save the Date! Join us for a six-session virtual series designed to boost your knowledge about what bookkeeping services are available to help you excel in farm recordkeeping.
Announcements
Farm Participants Needed for Bale Grazing Grant!
Information on the Project:- Approximately 10 acres total needed to bale graze two different bale densities
- "Core" farms will graze two winters, "Demo" farms will graze one winter.
- Payments for both "Core" farms and "Demo" farms
- Baseline soil sampling by bale grazing team
- Forage measurements in early season by bale grazing team
- Late season clipping if residual not trampled down by farm
Cornell Cow Convos - New Podcast
On-going podcast, New episodes released on the last Thursday of the month.Guest speakers, CCE Dairy Specialists.
Housed on Soundcloud Channel is CCE Dairy Educators
- Preventative healthcare for cows
- The trend of beef on dairy
- What to look forward to in the new year for dairy
- Socially grouping or pair-housing calves
Dairy Acceleration Program Funds Available
- organization of financial records/benchmarking up to $1,000
- continued business planning (for farms awarded in a previous year) up to $2,500
- business planning up to $5,000
2018 Drug Residue Prevention Manual
For more than 30 years, the U.S. dairy industry has focused educational efforts on the judicious use of antibiotics through the annual publication of a Best Practices Manual. The 2018 edition of the National Dairy FARM Program: Farmers Assuring Responsible Management? Milk and Dairy Beef Drug Residue Prevention Manual is the primary educational tool for dairy farm managers throughout the country on the judicious and responsible use of antibiotics, including avoidance of drug residues in milk and meat.The manual is a quick resource to review those antibiotics approved for dairy animals and can also be used as an educational tool and resource for farm managers as they develop on-farm best management practices necessary to avoid milk and meat residues. Visit the Manual and Form Library to download copies of this important tool!
Follow us on Facebook
The team updates our facebook page frequently - follow us to be updated on our events, see some fun videos and get local area updates!facebook.com/SCNYDairyandFieldCropsTeam
ProDairy Forage Management
Are you prepared to change your routine this spring?While spring tasks vary by farm, there are many "rites of spring," and they are often completed in a fairly rigid sequence. Depending on the farm, these often include fixing fence, spreading manure, planting new seedings, planting corn and harvesting first cutting, and are often performed in this order.
We are optimistic that the upcoming turn in weather will allow these task to be accomplished in a timely manner, but at this point it is time to ask yourself: Are you willing to change your spring routine?
In addition to adverse weather it is no secret that everyone is facing extremely tight economic times, and dealing with forage inventories of poor digestibility forages from 2017. This combination of factors makes it more critical than ever to be ready to tackle the task that will have the most impact on your business at the proper time.
Recent reference articles on dealing with tough times:
• Key Opportunities to Optimize 2018 Crop Production Efficiency
• Resources for Dealing with Spring Weather Delays
First Cutting
The number one focus should be on timely harvest of first cutting.
• Park the corn planter when a field of first cutting is ready for harvest.
o Monitoring 1st cut harvest timing
• Approach harvest by the acre, not by the field. Be ready to skip over a field that has passed its optimum harvest stage.
o Dynamic Harvest Schedules
• Strategically plan feed storage to best utilize forage inventories for the right group of animals.
o Strategic Forage Storage Planning
o When More is Better
Corn Planting
The window for planting for silage is generally wider than for grain, which is why first cutting can and should take priority over corn planting. However, in the event of extreme delays in planting corn, performance will diminish with late plantings. If corn planting progresses into late May or early June, begin to consider alternative options for those acres. Previous research from Cornell and Penn State suggest a 0.5 to 1 ton/acre per week decline in silage yield for planting after mid to late May.
Multi-Tasking
First and foremost during a time of year that can be very busy and stressful, taking every precaution to keep your team safe is critical.
The idea of fitting all of this work into a condensed time period, and still getting key tasks completed before critical deadlines can seem impossible, but year after year many find unique ways to get it all done. Consider working with neighbors, custom operators or renting equipment to accomplish these key tasks on time.
If you currently utilize custom operators, now is a good time to set up a time to meet with them and make sure you are on the same page to get tasks accomplished in the time-frame needed. Make sure that your expectations and goals are clearly defined. They will also be under stress to fit their work into a condensed period and meet their customers' expectations, so defining expectations and pre-planning how to most efficiently get the work accomplished when the custom operator arrives can go a long way to increase the chances for success.
NYSERDA Agriculture Energy Audit Program
NYSERDA offers energy audits to help eligible farms and on-farm producers identify ways to save energy and money on utility bills. Reports include recommendations for energy efficiency measures.For more information and the NYSERDA Agriculture Energy Audit Program Application click here