Articles Archive
Displaying 101 - 110 of 221 items
Update on Agriculture Exemption Number for Sales Tax Exemption on Farm Purchases
By Jerry Pierce | KFBM Program Coordinator
Published
on Jan. 28, 2022
The application deadline for farms with existing Exemption Certificates on file with farm suppliers was January 1, 2022. Applications are still being accepted for existing farms.
Price Risk Management Tools for Cattle Producers
By Kenny Burdine | Extension Professor
Published
on Jan. 28, 2022
The last few years are unlikely to be remembered fondly by many cattle producers. Large cattle supplies, a global pandemic, weather challenges, and a sharp increase in feed prices have all impacted feeder cattle values. However, 2022 has brought optimism for a significantly better cattle market.
The Dairy Gauge Benchmarking Tool
By Jerry Pierce | KFBM Program Coordinator
Published
on Jan. 28, 2022
Benchmarking compares your farm’s performance to past performance or to established measures of success. The benchmark is some measure of a goal, or a range of what is desirable and what is not. You do this all the time, comparing this year’s yields to past years or this cow’s performance to others in the herd.
The Economic Value of Applying Broiler Litter in the Fall | 2021
By Jordan Shockley | Associate Extension Professor
Published
on Nov. 23, 2021
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.
Building a Farm Balance Sheet
By Kayla Brashears | KFBM Area Extension Specialist
Published
on Nov. 23, 2021
As December 31 approaches, producers should work towards developing a quality balance sheet. Doing so is critical to measure business growth year over year, liquidity, solvency, and borrowing power.
Opportunity or Obligation
By Steve Isaacs | Extension Professor
Published
on Nov. 23, 2021
Baby Boomers are in the process of transitioning trillions of dollars of assets to Millennials and Gen Zers. This includes farming Baby Boomers. USDA’s Farmland Ownership and Tenure survey indicates that about ten percent of farm assets transition to new owners every five years.
New Features to Enterprise Budgets
By Greg Halich | Associate Extension Professor
Published
on Oct. 28, 2021
Enterprise budgets are designed to help farmers estimate profitability in the current and future growing seasons, and are also used by lenders and other agricultural-related professionals. Expected year-to-year changes in profitability can help farmers make decisions related to cropping decisions (e.g.
COVID-19 and Kentucky’s Migrant and Resident Agriculture Worker Population
By Savannah Columbia | Extension Associate
Published
on Oct. 28, 2021
COVID-19 has impacted the lives of every resident in the Commonwealth of Kentucky. Many Kentuckians have dealt with school and workplace closures, supply chain malfunctions, and so, so much more over the past two years.
Family Living Expenses on Kentucky Farms
By Steve Isaacs | Extension Professor
Published
on Oct. 28, 2021
Bookkeeping Tips for Multi-entity Operations
By Suzy Martin | KFBM Area Extension Specialist
Published
on Oct. 28, 2021
There are multiple reasons a farming operation might separate its business into multiple entities. It might be for transition and estate purposes, liability reasons, tax issues, etc. Ideally, these kinds of decisions involve input from everyone that is part of the “team.” Meaning owners, the attorney, tax advisor, management, lender, heirs, et