Huntington County and Wells County Farm Program Meetings

The Huntington County and Wells County FSA offices in partnership with Purdue Extension will be conducting Farm Program Meetings.  The meetings will provide information to producers about the Agricultural Risk Coverage Program (ARC), Price Loss Coverage Program (PLC), and decision making tools for the programs.  The Huntington County Meeting will be Thursday, December 19th at 9:30 a.m. at First Merchants Bank Heritage Hall at the Huntington County 4-H Fairgrounds.  The Wells County Meeting will be Wednesday, December 18th at 9:00 a.m. at the Wells County 4-H building.  

For more information on ARC/PLC, visit:

https://www.fsa.usda.gov/programs-and-services/arcplc_program/index .

Farm Business Law Seminar

The National Business Institute is holding a Farm Business Law Seminar on December 7, 2018. Michelle Adler will be presenting a discussion on Medicaid Planning for Farmers and Tony Crowell will be presenting a discussion on Financing, Buying and Sel…

The National Business Institute is holding a Farm Business Law Seminar on December 7, 2018. Michelle Adler will be presenting a discussion on Medicaid Planning for Farmers and Tony Crowell will be presenting a discussion on Financing, Buying and Selling Farm Land and Businesses. If you have questions regarding these areas, be sure to call our office so we can help you!

2019 Tax Update

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Tax Change for 2019

The IRS has increased the applicable exclusion amount for estate and gift tax purposes and the generation skipping tax exclusion to $11,400,000 per person and $22,800,000 per married couple, for the calendar year 2019. Rev Proc 2018-57

The annual gift tax exclusion will remain at $15,000 for the calendar year 2019. Rev Proc 2018-57

USDA Announces Assistance for Farmers

 

    The USDA recently announced payouts under the Market Facilitation Program for farmers harmed by tariffs.  Farmers will be able to sign-up with the FSA after September 4, but don’t rush because FSA offices are still being trained. Initial p…

    The USDA recently announced payouts under the Market Facilitation Program for farmers harmed by tariffs.  Farmers will be able to sign-up with the FSA after September 4, but don’t rush because FSA offices are still being trained. Initial payouts will be as follows:

    Soybeans: 50% of bushels produced multiplied by $1.65 per bushel

    Corn: 50% of bushels produced multiplied by $0.01 per bushel

    Dairy: 50% of hundredweight produced multiplied by $0.12 per hundredweight 

    Pork: 50% of head produced multiplied by $8.00 per head