Marketing

[bkadds]

With the 179 going to $25k next year are you guys taking more income this year due to less deductions and higher taxes next year? Getting late to make decisions regarding equipment, etc, but what are your thoughts?

[Shaggy98]

I'm pulling all income into 2012 and updating some equipment that I've been wanting to do for awhile now.  Canceled fertilizer order for wheat top dressing because if we don't receive any rain soon I won't have a crop to top dress.  If we do get rain I'll reorder products at that time and just eat the early pay discount that was lost.

[bkadds]

If we stay dry I would think Cargill could bring all they want in and still see prices hold or rise. Tough decision with stalemate in Washington regarding taxes and 179.

[Jim Meade / Iowa City]

Is anyone defering sales they'd like to make because they want the income next tax year and are leery of a defered contract?

[Nebrfarmr]

Not a problem for me.  I'm facing $200+ hay, hungry cows, amazingly high fuel bills for irrigation, and a short crop.

This year will not be a 'loss' for me, by any means, I had planned for the worst, but to give some insight on how tough things have been in West Central Nebraska, my purchases and improvements this year, include $1800 in cattle pen repairs, and $9000 in total capital expenditures, and I have no need to 'shield' income.   High feed and fuel prices are doing that quite well for me.   About the only thing I can say, is that right now, we are planning to sell a bunch of cows after the first of the year, but that is not 'income' from selling calves, as is normal, but rather 'sell some breeding cows, before they all starve' selling.   I think in the past, when you were forced to sell because of drought, you could defer that income against the expense of buying replacements, when it started raining again.

[jrsiajdranch]

I milk cows and do not understand the question!

[roarintiger1]

I am holding grain until it comes down in value......that should do it....... 

[farmer46]

I am holding grain until it comes down in value......that should do it....... 

[farmer46]

I am holding grain until it comes down in value......that should do it.......