Into the Woods: The Tax Uncertainty of Carbon Contracts

By Jonathan Shepherd | Extension Specialist and Jordan Shockley | Associate Extension Professor
Published on Apr. 30, 2025

As woodland landowners look for income diversification opportunities, they may explore the potential of carbon sequestration as a revenue stream, particularly the potential income from woodland carbon programs. The federal income tax implications of this type of income are still not fully addressed in current tax law.

KFBM Spring 2025 Observations

Published on Apr. 30, 2025

The Kentucky Farm Business Management Program is a program of the Department of Agricultural Economics at the University of Kentucky.

Andrea Cooksey: Student Spotlight

Published on Apr. 28, 2025

Andrea has recently completed her freshman year at the University of Kentucky in the Agricultural Economics department, where she has already begun to make her mark. She has shared valuable insights, experiences, and advice for future students, reflecting both her passion and perspective.

2024 Tax Deadlines for Kentucky Extended

By Jerry Pierce | KFBM Program Coordinator and Jonathan Shepherd | Extension Specialist
Published on Mar. 31, 2025

The deadline for filing many current Federal tax returns has been extended to November 3, 2025, for individuals and businesses in Kentucky. This comes as a result of a Federally declared disaster for the entire state.

Maximizing Value: 2025 Spring Application of Broiler Litter for Grain Crop Production

By Jordan Shockley | Associate Extension Professor
Published on Mar. 31, 2025

Spring is here and grain producers across the state are gearing up for planting.  One of the many decisions producers have to make before planting is in regard to their nutrient management plan.  Broiler litter provides a great opportunity as a complete fertilizer and is being produced and used throughout the state in grain production.  However,

Stocker Outlook for 2025

By Greg Halich | Associate Extension Professor and Kenny Burdine | Extension Professor
Published on Mar. 31, 2025

The cattle market has been on a tear since early 2023 with feeder cattle prices at levels not seen before. As we write this in mid-March, calf prices in the Commonwealth are running about $30-$40 per cwt higher than the same time last year and $60-$70 per cwt higher than last year’s fall lows.

What is ESG and Why do Companies Care

By Jordan Shockley | Associate Extension Professor
Published on Mar. 31, 2025

As businesses strive to meet sustainability goals and reduce their carbon footprint, Environmental, Social, and Governance (ESG) factors have become key drivers of corporate strategy. While ESG reporting may seem like a concern primarily for large corporations and investors, it has growing implications for the agricultural sector as well.

Oh BOI! Big Changes to Reporting Requirements under the Corporate Transparency Act

By Jonathan Shepherd | Extension Specialist
Published on Mar. 31, 2025

The Corporate Transparency Act (CTA) was passed into law in January 2021 but didn't take effect until January 2024.

U.S. Ag Trade Deficit Continues to Widen

By Will Snell | Extension Professor
Published on Mar. 31, 2025

The balance of trade, measured by the difference in a country’s value of exports versus the value of its imports, has received a lot of attention in recent months. While the overall U.S. economy has experienced negative annual trade balances for decades, U.S agriculture has historically recorded annual trade surpluses.

Dark Fired Tobacco Budget | 2025

By Will Snell | Extension Professor
Published on Mar. 24, 2025

Revised March 2025.  Author(s) Contact Information:  Tori Griffin | University of Tennessee Mitchell Richmond | University of Tennessee Andy Bailey | University of Kentucky