Items: Extension Article
Does the IRS Consider my Farming Operation a Hobby Farm?
By Tarrah Hardin | KFBM Area Extension Specialist
Published on Jun. 29, 2021
Many producers that have both farm and non-farm income, may question if the IRS considers their farming activities to be a “business” or a “hobby”. This is a very important distinction to both the farmer and the IRS due to the IRS treatment of business income versus “hobby” income.
Solar Farming Considerations
By Alison Davis | Extension Professor
Published on May. 28, 2021
An effort to rely on renewable resources instead of nonrenewable has the potential to meet the increased global demand for electricity. Both solar and wind energy have the potential to offset a significant fraction of non-renewable electricity demands, yet it occupies extensive land when deployed at levels large enough to meet global demand.
How Hay Became a Four-Letter Word
By Greg Halich | Associate Extension Professor
Published on May. 28, 2021
I've been waiting patiently for the inevitable to happen — for the word “hay” to morph into the word “haye,” or something similar.
U.S. and Global Food Price Inflation
By Will Snell | Extension Professor
Published on May. 28, 2021
Food price inflation continues to be headline news as the food system adjusts from the lingering effects of COVID-19 amidst tight labor/ag supplies, a resurgence in the U.S. economy, and a host of other factors discussed below.
Proposed Gift and Estate Tax Changes
By Laura Powers | KFBM Area Extension Specialist
Published on May. 28, 2021
You may have been reading in the news lately about proposed changes to various tax laws and their impact on farmers.
National Farm Market Impacts from Covid
By Tim Woods | Extension Professor
Published on Apr. 29, 2021
A Fall 2020 national survey conducted by the Farmers Market Coalition of farmers market managers starts to provide a glimpse into some of the winners and losers in farmers markets across the country. Farmers markets have been important venues for small vendors and localized food systems, often providing a diversity of kinds of vendors part
Carbon Markets 101
By Jordan Shockley | Associate Extension Professor and Will Snell | Extension Professor
Published on Apr. 29, 2021
The development of agricultural ecosystem credit markets, specifically carbon markets, is a hot topic in the popular press and Washington, DC. The United States Environmental Protection Agency (EPA) estimates that 10% of carbon dioxide, a primary greenhouse gas, is emitted by the agricultural sector. While this is relatively a small
Contractor or Employee?
By Jennifer Rogers | KFBM Area Extension Specialist
Published on Apr. 29, 2021
Extra help is often needed around the farm. It can be easy to get someone to come help out when needed and pay them at the end of the day for the job completed. What gets difficult is knowing the difference between contract labor and an employee. A lot of the time, this distinction between contractor or employee may not come up
Maximizing Value: 2021 Spring Application of Broiler Litter for Grain Crop Production
By Jordan Shockley | Associate Extension Professor
Published on Mar. 30, 2021
Spring is here and grain producers across the state are gearing up for planting. One of the many decisions producers have to make before planting is in regard to their nutrient management plan. Broiler litter provides a great opportunity as a complete fertilizer and is being produced and used throughout the state in grain production.
Hemp Contract Considerations
By Jonathan Shepherd | Extension Specialist and Tyler Mark | Professor
Published on Mar. 30, 2021
Engaging in production agriculture is a risky profession, even for mature markets, such as corn and poultry, much less one that lacks the market transparency of hemp.