Insights

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!


A Formula for Transition Success: Assess, Collaborate and Implement
Feb 08, 2019

By Curt Barnekoff, Jeffrey W. Siler, 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?
Jan 29, 2019

By Curt Barnekoff, Jeffrey W. Siler, 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
Jan 25, 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
Jan 10, 2019

By Kyle Perry

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
Dec 12, 2018

By Jeffrey W. Siler

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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Should Farmers Pay Quarterly Estimated Tax or File by March 1st?
Dec 05, 2018

By Darcy D. Reum

You may have heard that farm tax returns are due by March 1, but you also may have heard that farmers are required to pay quarterly estimates. So which guideline do you need to follow?

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What You Need to Know About Health Insurance During Open Enrollment
Nov 30, 2018

By Darcy D. Reum

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
Nov 15, 2018

By Todd Kostman

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
Nov 02, 2018

By Amy Iverson, 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
Oct 12, 2018

By Curt Barnekoff

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
Oct 01, 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
Sep 17, 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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