What Should My CPA Know That I Am Not Telling Them?

By Laura Powers | KFBM Area Extension Specialist
Published on Jan. 31, 2025

As a new year begins, we cannot fully close out the previous year until income tax returns have been filed and paid. I’m not sure which meeting is looked upon less favorably…  a visit to the tax office or a visit to the dentist. No offense to the dental profession intended.

You May See a New 1099 Form in Your Mailbox

By Jerry Pierce | KFBM Program Coordinator
Published on Jan. 31, 2025

Farmers may begin receiving a new income-reporting Form 1099-K, Payment Card and Third Party Network Transactions. It reports gross payments to you for goods or services made through credit card, gift or debit card, and on-line payment services.

Annual Price Increases Slowing at Kentucky Farmers Markets

By Brett Wolff | Extension Specialist
Published on Jan. 31, 2025

The Center for Crop Diversification team has compiled the latest 3-year Average Price Report for Kentucky Farmers markets in their new publication (CCD-FS-32).

Observations From Vietnam and Taiwan – Opportunities for U.S. and Kentucky Agriculture

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

The Kentucky Agricultural Leadership Program (KALP) traveled to Vietnam and Taiwan for their international study tour earlier this month. We selected these two nations for their economic, social, and political diversity.  Both of these markets are typical of many emerging consumer markets in Southeast Asia — experiencing population and significa

Recap of Whole Foods Market’s Top 10 Food and Beverage Trend Predictions for 2025

By Savannah Columbia | Extension Associate
Published on Nov. 25, 2024

Last month, the Whole Foods Market’s Trends Council released their top 10 food and beverage trend predictions for 2025. Each year the Council develops trend predictions through industry experience, observing consumer behavior, and collaborating with new and established brands.

The Economic Value of Applying Broiler Litter in the Fall 2024

By Jordan Shockley | Associate Extension Professor
Published on Nov. 25, 2024

Spring application of broiler litter is ideal for maximizing the economic value but faces challenges that include wet soil conditions, lack of time to spread litter near planting, and availability of litter in the spring.

Prospects for Winter Backgrounding 2024-2025

By Greg Halich | Associate Extension Professor and Kenny Burdine | Extension Professor
Published on Oct. 31, 2024

Tight cattle supply has largely driven cattle markets in 2024. Markets did see a small pullback in late summer but have actually improved counter-seasonally over the last few weeks. Calf prices are higher than they were this time last year and about $100 per cwt higher than they were in fall of 2022.

Decision-Making in a Declining Economy

By Michael Forsythe | KFBM Area Extension Specialist
Published on Oct. 31, 2024

As the farming economy enters a period of decline, farmers are facing issues many of them have not had to deal with in recent years. Net Farm Incomes are low or even negative in many cases. Cash flows are becoming extremely tight. Some farmers are having difficulty renewing operating loans.

Fall 2024 Farm Observations Across Kentucky

Published on Oct. 31, 2024

The observations below are from Area Extension Specialists from the Kentucky Farm Business Management (KFBM) program. Lincoln Trail Association

Where Is the Base? Farm Bill Enhancements Could Be Negligible Without a Base Acre Update

By Grant Gardner | Assistant Extension Professor
Published on Oct. 31, 2024

The current farm safety net can be found in Title 1 of the farm bill, a piece of omnibus legislation