#farming

Farming

Agricultural tax rules for farmers and ranchers, including Schedule F income reporting, crop insurance deferrals, livestock sales, conservation deductions, and farm-specific income averaging

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18 юли 2026 г.8 минути четене

Sale Barn Bookkeeping: How Livestock Auctions Must Handle Custodial Trust Accounts Under the Packers and Stockyards Act

Livestock auction markets are federal fiduciaries under the Packers and Stockyards Act — custodial accounts must be funded by the next business day, reimbursed in full within seven days, and reconciled monthly. This guide covers the chart of accounts a sale barn needs, how the required surety bond is calculated from sale volume, and why Beef Checkoff and brand-inspection fees must stay out of revenue.

Mike Thrift

bookkeepingcompliancefiduciary

17 юли 2026 г.9 минути четене

Ag Equipment Dealership Bookkeeping: Floor-Plan Interest, Trade-In Valuation, and Parts Absorption

How ag equipment dealerships should track floor-plan interest per unit, re-mark trade-in inventory as used tractor prices fall, and measure parts-department absorption rate — where the national average sits in the mid-60s percent and under 50% signals trouble.

Mike Thrift

bookkeepingsmall-businessinventory

17 юли 2026 г.11 минути четене

Olive Oil Mill Bookkeeping: Custom Crush Fees, Yield-Driven COGS, and the Harvest Cash Cliff

How to keep books for an olive oil mill that earns most of its revenue in a six-to-ten-week harvest window — separating custom-crush milling fees from own-label inventory accounting, tracking extraction yields that swing from 50 to 200 pounds of olives per gallon, valuing bulk oil in tank storage, and handling Schedule F, cash-method, and UNICAP tax questions.

Mike Thrift

bookkeepingfarmingsmall-business

16 юли 2026 г.9 минути четене

Farmers Market Vendor Bookkeeping: Reconciling Cash, SNAP/EBT Tokens, and Scale Tickets

How farmers market vendors keep cash, card, SNAP/EBT tokens, and nutrition-incentive matches reconciled — log every payment rail the same day, book market-reimbursed tokens as receivables rather than same-day revenue, retain NTEP-certified scale tickets as legal records, and split raw versus processed sales between Schedule F and Schedule C.

Mike Thrift

farmingbookkeepingsmall-business

14 юли 2026 г.11 минути четене

Independent U-Pick Farm and Agritourism Bookkeeping: Schedule F vs Schedule C, Multi-Enterprise Tracking, Sales Tax, Weather Reserves, and the KPIs That Make a Season Pay

U-pick berries are farm income, admissions and donuts are not — split Schedule F and C, track per-enterprise contribution, tax admissions and prepared food, reconcile Square, and run on revenue per acre and per visitor.

Mike Thrift

small-businessbookkeepingfarming

13 юли 2026 г.9 минути четене

Grain Elevator Bookkeeping: Storage Fees, Basis Trades, and Deferred-Price Contracts Explained

Grain elevator bookkeeping separates elevator-owned inventory from bailment grain held for producers, tracks basis and deferred-price (NPE) contracts as distinct liabilities, and recognizes storage fees as service revenue earned over time rather than as a sale.

Mike Thrift

farminginventoryliability

13 юли 2026 г.10 минути четене

H-2A Wage Rules for 2026: What Changed in Farm Labor Costs

The Department of Labor's October 2025 H-2A rule replaced the flat state AEWR with a two-tier OEWS-based wage system and a new housing credit of $0.71 to $3.18 per hour, projected to save U.S. farms $2.4 billion a year — but it requires separate pay codes by skill level and documented job orders to survive an audit.

Mike Thrift

farmingpayrollworkforce-management

13 юли 2026 г.8 минути четене

Solar Farmland Leases: A Landowner's Guide to Rates, Rollback Taxes, and Contract Terms

Solar ground leases on farmland pay $500-$1,200 per acre annually nationally once construction begins, but landowners who skip the decommissioning bond, rollback-tax reimbursement, and escalator clause often lose more than they gain over a 20-to-35-year term.

Mike Thrift

solarfarmingleases

10 юли 2026 г.9 минути четене

Petting Zoo and Mobile Animal Encounter Bookkeeping: Schedule C vs. Schedule F, USDA Licensing, and Sales Tax

Petting zoo admission fees are Schedule C income, not Schedule F farm income — a split that affects self-employment tax, the farmer estimated-tax exception, and audit risk. This guide covers the USDA APHIS Class C exhibitor license ($30–$300/year), liability insurance from $545–$780/year, state admissions-tax traps for mobile trailers, and how to keep agritourism books separate from the farm ledger.

Mike Thrift

agritourismfarmingbookkeeping

4 юни 2026 г.13 минути четене

Choose-and-Cut Christmas Tree Farm and Wreath Producer Bookkeeping: A Practical Guide

Christmas tree growers face an 8–10 year pre-productive period that forces Section 263A capitalization on Schedule F. This guide explains UNICAP cost allocation, ASC 606 recognition across choose-and-cut, wholesale, wreath, and agritourism revenue, Section 179 equipment planning, H-2A labor, and the KPIs that matter.

Mike Thrift

schedule-ffarmingforestry

3 юни 2026 г.14 минути четене

Artisan Cheese Maker and Farmstead Creamery Bookkeeping: How to Track Milk-to-Wheel Costs, Aging Cave WIP, and Yield KPIs Without Losing Your Margin

A practical accounting guide for farmstead creameries covering Section 263A inventory capitalization, aging cave WIP cost layers, FDA Pasteurized Milk Ordinance and 21 CFR 133 raw milk compliance, Section 179 equipment treatment, channel-specific revenue recognition under ASC 606, and the yield and cost-per-wheel KPIs that separate sustainable cheesemakers from hobbyists.

Mike Thrift

bookkeepinginventorymanufacturing

3 юни 2026 г.14 минути четене

Inside the Numbers: A Bookkeeping Playbook for Hydroponic, Vertical Farm, and Microgreens Producers

A working playbook for indoor-agriculture bookkeeping — Schedule F vs. C, Section 263A UNICAP exemptions for short-cycle crops, ASC 606 across five sales channels, Section 179 and restored 100% bonus depreciation, FSMA Produce Safety Rule compliance, and the per-square-foot and per-tray KPIs that separate real businesses from expensive hobbies.

Mike Thrift

farmingschedule-fbookkeeping

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