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Ag Conversations

Ag Conversations

The ag landscape is always changing, and you need reliable information you can depend on. Designed with you in mind, Ag Conversations covers topics important to you and your business — everything from how to successfully navigate the current tax environment to updates on court rulings and policy issues. Let your voice be heard. Join the conversation!


Wrapping up Wisconsin Farm Technology Days 2021

August 24, 2021

By Dustin Wiesner

Highlights from Wisconsin Farm Technology Days 2021, from business transition to farm data management.

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Tax considerations for ranchers who need to liquidate in drought conditions

August 10, 2021

By Ryan Tangedal

Ranchers, if drought conditions force you to sell some of your herd, you may be able to leverage these tax deferral strategies. 

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Looking forward to Wisconsin Farm Technology Days

June 23, 2021

By Dustin Wiesner

We’re looking forward to Wisconsin Farm Technology Days in July. Don’t miss the three sessions we’ll be presenting.

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Podcast: How farm management software gives you tools to work smarter, not harder

June 14, 2021

By Robert H. Zondag

Agribusinesses are increasingly using farm management software to centralize, manage and optimize their production activities and operations.

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Gearing up for Farm Technology Days 2021

May 6, 2021

By Dustin Wiesner

Wisconsin Farm Technology Days, the biggest ag show in Wisconsin, is gearing up to open July 20-22, 2021 in Eau Claire. 

Last year’s event had to be canceled because of the pandemic, and there are many people working hard to ensure that safety protocols are in place to hold the show this year.

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Podcast: Innovations on the farm may save on taxes

April 15, 2021

By Kendra M. Goodman, Christina Schultz

Farmers and ranchers are known for innovation. Did you know that sometimes your innovation can make you eligible for tax credits? In this Spotlight on Ag podcast, Wipfli’s Christina Schultz and Kendra Goodman share their insights about research and development tax credits with Lane Nordlund at Western Ag Network. This conversation includes an overview of the types of agriculture activities that qualify and how to claim the credit.

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Where do the current NOL carryback rules stand for farmers and ranchers?

March 2, 2021

By Ryan Tangedal

When the Coronavirus Aid Relief and Economic Security (CARES) Act was enacted on March 27, 2020, it retroactively changed net operating loss (NOL) carryback rules back to pre-Tax Cuts & Jobs Act (TCJA) for tax years 2018-2020.

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Podcast: Understanding COVID-19 relief programs

February 8, 2021

By Bradley Cook

Farmers, ranchers and agribusinesses are trying to untangle the complexities of COVID-19 relief programs like the Payroll Protection Program (PPP) with enrollment and forgiveness, the Coronavirus Food Assistance Program and more.

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Podcast: PPP2 loans for ag, planning for 2021

February 5, 2021

By Dustin Wiesner, Ryan Tangedal

Does your farm or ranch qualify for a PPP2 loan?

Together with Lane Nordlund from Western Ag Network, Ryan Tangedal and Dustin Wiesner share insights on the first and second rounds of PPP — including eligibility, the application process and loan forgiveness. They also discuss the Employee Retention Credit and insights on preparing your financial records for the first few quarters of 2021.

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Potential tax law changes that impact the agriculture industry

February 1, 2021

Much was speculated on during the 2020 presidential campaign — including possible changes in the federal income, estate, gift and employment tax areas. Now that President Biden is in his first year in office, we’ll highlight some key points in his proposed tax plan that impact ag producers and businesses.

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3 things to think about at tax-planning time

December 7, 2020

By Justin Van Zuiden

December is here, which means it’s time for farmers and ranchers to do some year-end tax planning. Harvest season is over for many, and attention has turned to reviewing financial results for the year. Here are three things you need to think about with regard to year-end planning.

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Is PPP loan forgiveness taxable, and are expenses deductible?

November 18, 2020

This year, many agricultural producers applied for and received a Paycheck Protection Program (PPP) loan — gaining some quick cash flow and the potential to have the loan forgiven. But PPP loans have also come with tax implications, unanswered questions and planning opportunities.

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7 ways the presidential candidates’ tax platforms could impact ag businesses

October 5, 2020

Now that we’re only a few weeks away from the U.S. presidential election, we’re receiving numerous tax-related questions from our ag clients. Many are wondering how each candidate’s tax platform might impact the agribusiness industry, agricultural producers, business owners and their employees if enacted.

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CFAP 2 allocates additional $14 billion to farmers and ranchers

September 21, 2020

By Justin Van Zuiden

On September 18, President Trump and USDA Secretary Sonny Perdue announced a second round of the Coronavirus Food Assistance Program (CFAP). CFAP 2 will provide funding to eligible producers negatively impacted by COVID-19.

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USDA extends CFAP application deadline and expands eligible crop list

August 14, 2020

By Justin Van Zuiden

In the last week of July, I shared a blog post, Will there be a Coronavirus Food Assistance Program 2.0? Well, CFAP 2.0 has arrived.

On August 11, 2020, U.S. Secretary of Agriculture Sonny Perdue announced an extension of the application deadline for CFAP assistance from August 28 to September 11, 2020, and that producers with previously approved applications will also receive their final payment. Additionally, the USDA extended the list of eligible crops based on feedback from farmers and ranchers.

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Will there be a Coronavirus Food Assistance Program 2.0?

July 28, 2020

By Justin Van Zuiden

Ag producers who applied for relief payments through the Coronavirus Food Assistance Program (CFAP) were only guaranteed 80% of the payment they were eligible for. Bill Northey, undersecretary for farm production and conservation at the USDA, has indicated there should be enough money available to give farmers the remaining 20% by the time signup for the program ends on August 28.

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The Best of Ag Conversations

July 1, 2020

By Bradley Cook

We appreciate the positive feedback you share with us and are happy to see that the content resonates with you — which we also see demonstrated in how our subscription list continues to grow month after month. Just like you, we want to keep improving and growing, so please continue to share your thoughts with us and let us know what topics you’d like to see (or not see) in the future.

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The SBA announces it is now taking EIDL applications from agribusinesses

May 5, 2020

By Bradley Cook

One thing is constant in today’s COVID-19 business climate, and that’s change. Yesterday, May 4th, we released a blog that I wrote at the end of last week that stated that the Small Business Association (SBA) had placed a hold on accepting Economic Injury Disaster Loans (EIDLs) from agribusinesses.

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Ag updates: CFAP calls for direct payments to producers; EIDL applications put on hold

May 4, 2020

By Bradley Cook

From the CARES Act to H-2A visas, there’s been quite a bit of news coming from the agribusiness industry.

Today we’re covering two programs that have the biggest impacts on producers: CFAP and EIDL.

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COVID-19’s impact on agricultural prices and cash flow

March 30, 2020

By Bradley Cook

As the pandemic continues to spread, new concerns have risen, but there’s also relief on the horizon in terms of legislation. Let’s talk about what’s new.

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How the COVID-19 coronavirus is impacting the agriculture industry

March 19, 2020

By Bradley Cook

As the 2020 crop season approaches here in the U.S., many agribusinesses are concerned about the new coronavirus, COVID-19. What impact is the virus having on the agriculture industry? What impact could it have throughout 2020?

COVID-19 has the potential to impact nearly every facet of business. To help all of our clients navigate the constantly shifting circumstances, we’ve created a resource center on our website.

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What is an ICHRA? This new medical reimbursement plan will benefit many agricultural employers

March 12, 2020

2020 has brought some exciting news for farm and ranch employers. On January 1, 2020, a new type of medical expense reimbursement plan — the Individual Coverage Health Reimbursement Arrangement (ICHRA) — became effective.

How is it different from other plans? An ICHRA is funded entirely with employer contributions. It is a reimbursement arrangement. Instead of paying healthcare costs directly, the employer periodically reimburses participating employees.

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Crop insurance proceeds now considered qualified receipts for the Wisconsin agriculture credit

March 9, 2020

By Dustin Wiesner

On March 3, 2020, Wisconsin governor Tony Evers signed a bill that modified the language in Wisconsin Act 167 that defined qualified receipts that are used in the calculation for the Wisconsin agriculture credit. The tax credit now includes crop insurance proceeds as qualified receipts in the computation.

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2020’s top 4 tech trends in agriculture

March 2, 2020

By Ryan Peasley, Jeff Anger, Brent Neitz

Agriculture is becoming a high-tech business. Farmers and ranchers are using technology to grow more crops and raise more animals on less land, controls pests and disease, and use data to make faster, better decisions. 

In 2020, the use of technology in agriculture is only going to expand. And it’s doing so on the heels of these top four tech trends:

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7 tax changes to keep in mind this tax season

February 21, 2020

By Bradley Cook

As we move into tax season, it’s a good reminder that there were quite a few changes made by the Tax Cuts and Jobs Act (TCJA) impacting ag producers.

Although we don’t anticipate any major tax legislation for the 2020 filing season, if there are changes, they are likely to be minimal in comparison to the changes made by the TCJA. 

So, what do you need to know for the 2019 filing season? Here are the top seven things to remember:

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What the three big trade agreements mean for ag producers

February 3, 2020

By Bradley Cook

Many in agriculture weren’t sad to see 2019 come to a close. For most, it was a pretty tough year. Low commodity prices and difficult growing conditions were prevalent across much of the country, and the weight of uncertainty in international trade only served to make things worse.

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Income Tax Ramifications of Easements

December 20, 2019

How many farmers reading this blog have received payment in exchange for granting an easement on your lands? 

We’ve seen a fairly significant increase in this over the past few years, which leads to today’s topic: the income tax ramifications of selling an easement on your lands.

An easement can take different forms, which depend on its purpose and duration. The income tax ramifications of selling an easement can also differ.

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Three strong reasons to review your estate documents regularly

December 10, 2019

By Dana A. Springer

You have a will, so you figure you’re covered, right?  

Maybe, but maybe not. There are a number of reasons why you should review your estate documents regularly, from tax-related issues to changing family dynamics. Let’s walk through a couple of the significant items to consider:

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Giving thanks to ag producers

November 20, 2019

Let’s face it, to say this was a tough year would be an understatement. From early snow and freezing temperatures to lighter yields and lackluster prices, this year has left little to write home about.  

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Tips for avoiding unwelcome surprises next year and beyond

November 8, 2019

It’s that time of year again. The weather is changing, holidays are around the corner and our lives are going to slow down any day now. Right? 

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One-year anniversary of Ag Conversations

September 20, 2019

By Bradley Cook

It’s hard to believe that it’s already been one year since we launched Ag Conversations. And the past year in the world of agriculture has been a busy one. Looking back, here’s a small sample of what we’ve seen:

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The tax incentives available to producers who export

August 23, 2019

By Dustin Wiesner

While driving to the Wisconsin State Cranberry Growers Association Summer Trade Show event a couple of weeks ago, I was reminded how much our local farm communities rely on international markets to sell their products. 

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Blockchain in agriculture: Why tracing a mango to its source in 2.2 seconds matters!

August 19, 2019

Ag producers are deeply committed to providing the world with safe, quality food. It comes as no surprise that there has been a consistent rise in the number of conversations about using blockchain technology in agriculture and the food supply chain.

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Reflecting on a century of change and looking toward the future

July 25, 2019

By Bradley Cook

In the Northwest, this year marks the 100-year anniversary of when Wipfli started helping ag producers. Hugh Galusha, Sr. started his firm (which became Galusha Higgins & Galusha) in 1919 in Helena, Montana, serving the tax and accounting needs of the area’s farmers and ranchers.

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Technology and Innovation in Agriculture: Starting the Conversation

June 25, 2019

By Dustin Wiesner

It’s hard to believe that in just a couple of weeks, Wisconsin Farm Technology Days will be starting. The annual event, hosted this year from July 23-25 on the Walter Grain Farm in Johnson Creek, is something the agriculture community in Wisconsin and surrounding states look forward to. Each year there is a different family farm that hosts the event, which moves around the state to spread the economic impact as well as highlight different sub industries within agriculture in Wisconsin.

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Optimizing Your Ag Accounting System Starts With Selecting the Right One

June 12, 2019

The ag economy could certainly use an upswing. Unfortunately, the current downcycle is lasting longer than the average historical patterns. In the past, the market has been consistent with a three-year pattern, where we experience three years of prosperity followed by three years of a down market. We are currently in an 11-year cycle, of which we experienced seven years of prosperity followed by the current four plus years of a down market.

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Farm Tax Deductions and Other Changes: 2018 Tax Season Observations

June 6, 2019

Ag producers in many states could use some relief from wet weather conditions delaying spring planting. Many of you are fighting the clock and calendar, and my thoughts are with you. You deserve a break — and maybe even some market stability.

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Six Tips for Working With Your Ag Lender

April 23, 2019

For farm and ranch owners, your lender is an indispensable partner for your business and critical to the success of your operation. The key to successfully working with your lender is to realize it is an important relationship where mutual trust is necessary. But sometimes it’s not easy to know how to move forward, so we’ve put together six tips on how to build or maintain an optimal relationship with your lender:

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Cybersecurity Threats in Ag — a Growing Concern

April 11, 2019

By Robert D. Cedergren

Today’s agriculture practices are not the same as when I was a kid growing up on a large dairy farm in Minnesota. Sure, we had automation in our milking parlor and for some of our machinery, but we definitely were not dependent on the internet to operate our farm.

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What’s My Farm or Ranch Really Worth?

March 27, 2019

What’s your farm or ranch really worth? If you’re an owner, chances are you’ve asked yourself that question a time or two, probably wondered about it for a few moments and then moved on to the next task on your list. However, it’s worth taking the time to answer this question, as there are a number of reasons to know and understand the value of your business, whether yours is a working farm or ranch, or any type business associated with agriculture.

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Could You Qualify for the R&D Tax Credit and Not Know It?

March 14, 2019

By Christina Schultz

The Research and Development (R&D) Tax Credit has been around since 1981, and for many years it was a temporary measure that was renewed for a year or two at a time. In 2015 the tax code was enhanced and the credit became permanent. For many people, the term “R&D” conjures thoughts of lab coats and beakers. The good news is, you don’t need to wear a lab coat to qualify. It’s available to entities of all different sizes and in many different industries — including agriculture. The credit provides dollar-for-dollar reduction and creates an immediate deduction for tax purposes, providing additional cash flow.

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Economic Trends in Agriculture: Challenges and Opportunities

March 4, 2019

Agriculture is an industry impacted by many factors, including weather, production cycles, economic cycles, technology, government programs and trade policies. Earlier in this decade, Net Farm Income was more than $120 billion according to the USDA. Since then, due in large part to robust production volumes, the prices of several commodities have decreased significantly the past five years.

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A Formula for Transition Success: Assess, Collaborate and Implement

February 7, 2019

By Dana A. Springer

To assist you in creating and implementing your transition plan, Wipfli’s Business Transition Group (BTG) brings together a team of professionals with experience in succession and business transition planning, corporate planning and entity structure, estate planning and a depth of knowledge of the ag industry.

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Is Your Farm or Ranch Your Business — or Your Lifestyle?

January 28, 2019

By Dana A. Springer

Every farm or ranch will transition eventually, whether voluntarily or involuntarily. This blog is the first in a two-part series that will start the conversation about what you can do to make sure your transition is a successful one for both you and the next generation of operators.

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More Opportunities for Conversation

January 24, 2019

By Bradley Cook

Over the past several months, members of our ag practice have been attending and presenting at ag trade shows in the Northwest and Midwest. I find myself referring to the period between November and February as “convention season,” but I’d like to call it “conversation season.” It’s a busy time for me, but I always enjoy the time I get to spend with clients and friends in the industry and learn about what’s on your mind.

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Tips for Preparing Your Tax Information

January 9, 2019

The Tax Cuts and Jobs Act (TCJA) passed in December of 2017 was heralded as a tax simplification. While that may be true for an individual who earns a paycheck and little else, the reality is, for an agricultural business owner, the TCJA made things more complex. Having an experienced CPA preparing your taxes is more important than ever.

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Year-End Tax Strategies to Consider

December 11, 2018

Now that crops are harvested, livestock are tended to and equipment is being addressed, it may seem a little late in the year to be looking at our financial strength and year-end tax planning. However, it may not be too late. Many new changes took place with the passing of the Tax Cuts and Jobs Act (TCJA), and many items are still available to us, particularly in the ag industry. These laws can assist you in obtaining your near and long-term goals. The following are items to consider as we near the end of the year.

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What You Need to Know About Health Insurance During Open Enrollment

November 29, 2018

We are now in open enrollment season for health insurance for 2019, and many who work in the agriculture industry are wondering if there are any solutions for affordable health insurance. While the Affordable Care Act is still in effect, there is some reprieve from the penalties associated with not having insurance at all.

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How Farmers and Ranchers Can Begin Retirement and Business Transition Planning

November 14, 2018

Retirement plans are a crucial component of any business transition plan. Saving today in a retirement plan allows for flexibility in when and how you transition your farm or ranch. What type of retirement plan you choose to invest in now can have a substantial impact as well.

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Ag Producers: Don’t Miss Out on the Benefits of Year-End Tax Planning

November 1, 2018

By Jamie Hovey

The Tax Cuts and Jobs Act (TCJA), passed in December 2017, has created many opportunities for ag producers. It has lowered rates for each of the seven individual tax brackets, created a flat 21% tax rate for C corporations and increased the personal standard deduction as well as the Section 179 deduction limit and bonus depreciation limit.

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Keeping a Pulse on Policy

October 11, 2018

As we continue to keep a pulse on United States tariff and trade policies, it seems like new headlines sweep across the news cycle daily. In fact, I’m almost certain that more significant developments will arise between now and the day this article is published! The latest announcements indicated the U.S. has implemented its new tariff on Chinese products, and China responded almost immediately by imposing additional tariffs on U.S. goods. On a different note, the U.S. and South Korea recently signed an updated trade deal to which the American beef market is reacting positively.

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Why Farm and Ranch Owners Should Pay Attention to the New Section 199A Guidance

September 30, 2018

By Dustin Wiesner

The IRS recently issued new proposed regulations under Section 199A to clarify gray areas and change an unintended tax advantage for farmers who sell to cooperatives, created as part of the Tax Cuts and Jobs Act of 2017.

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Welcome to Ag Conversations

September 16, 2018

By Bradley Cook

On behalf of Wipfli’s agribusiness team, I am proud to announce the launch of a new and exciting platform for sharing knowledge, perspectives and education with you: our blog, Ag Conversations! As its name suggests, we want this blog to be focused on you and the topics you care about most. The purpose of this platform is not just for us to talk about what’s happening in the industry — we’re here to listen.

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