Items: Extension Article
Farm Bill Update – January 2024
By Will Snell | Extension Professor
Published on Jan. 30, 2024
Following the expiration of the 2018 Farm Bill on September 30, 2023, Congress extended the 2018 Farm Bill late last year until September 30, 2024.
The Corporate Transparency Act and its Potential Impact on Kentucky Businesses
By Jonathan Shepherd | Extension Specialist
Published on Nov. 29, 2023
On January 1, 2024, the Corporate Transparency Act (CTA) will go into effect, which has a potential impact on many of Kentucky's small businesses. This new law requires nearly all business entities to report their beneficial owners to the federal government.
Secrets of Successful Farm Managers
By Kayla Brashears | KFBM Area Extension Specialist
Published on Nov. 29, 2023
After spending over a decade analyzing a plethora of farm operations, I’ve learned a few things about what makes an operation successful. There isn’t a hidden formula anyone can follow to become successful, but there are best practices that operations can implement to position themselves favorably.
The Economic Value of Applying Broiler Litter in the Fall 2023
By Jordan Shockley | Associate Extension Professor
Published on Nov. 29, 2023
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.
Capital Investment Analysis
By Steve Isaacs | Extension Professor
Published on Nov. 29, 2023
Several years ago, a farmer I knew fairly well gave me a call. He was considering an investment in some new haying equipment and wanted to pick my brain, a task that usually doesn’t take very long. This is a good farmer. He grows high-yielding, high-quality crops and cattle.
What to Consider When Renting Out Your Farm
By Michael Forsythe | KFBM Area Extension Specialist
Published on Oct. 30, 2023
According to 2022 KFBM data, only 27% of land farmed by Kentucky farmers is owned by the farmer. The remaining 73% is typically comprised of landowners that may or may not have a background in farming.
Mississippi River Level Impacts on Basis: 2022 Vs. 2023
By Grant Gardner | Assistant Extension Professor
Published on Oct. 30, 2023
In 2022 and 2023, the river levels on the Mississippi slowed barge freight and, thus, crop exports out of Kentucky. When river levels decline, barge transportation slows, which causes barge freight rates to increase.
Kentucky Farm Observations From Across the State
Published on Oct. 30, 2023
The Kentucky Farm Business Management Program is a program of the Department of Agricultural Economics at the University of Kentucky.
2023 Kentucky Vegetable & Fruit Input Costs: Changes and Trends
By Emily Spencer | Extension Associate and Tim Woods | Extension Professor
Published on Oct. 30, 2023
Prices for many crop inputs have increased steadily since 2016. This report updates 2023 Kentucky price trends for key vegetable and fruit crop inputs: fuel and fertilizer, labor, plant protection products, and seed.
Depreciation Changes 2023
By Suzy Martin | KFBM Area Extension Specialist
Published on Sep. 29, 2023
It is important to understand the challenges facing tax preparers when it comes to accelerated depreciation and equipment purchases with trade-ins. The Tax Cuts and Jobs Act (TCJA) passed in 2018 had three significant changes to capital purchases and trade-ins.
