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.

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.

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.

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.

ARC vs PLC Decision for 2025

By Grant Gardner | Assistant Extension Professor and Will Snell | Extension Professor
Published on Feb. 27, 2025

Slumping row crop prices have induced greater attention among grain farmers regarding farm bill safety net programs.

Grain Profitability Outlook 2025

By Greg Halich | Associate Extension Professor
Published on Feb. 27, 2025

Grain prices have continued dropping this last year, and this follows a more dramatic drop from the previous year.  Current prices for 2025 new-crop delivery are around $4.35/bu for corn, $10.35/bu for soybeans (2/20/25).  This is a decrease of around $.10/bu for corn and $1.00/bu for soybeans compared to what these price

ARC-PLC Decision Tool Instructions and Example

By Greg Halich | Associate Extension Professor
Published on Feb. 27, 2025

There are a few possible decision tools that can be used for the ARC-PLC choice for 2025.  My recommendation is to use the tool developed by Univ.