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.

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.

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,

2025 Commodity Marketing Calendar

Published on Mar. 1, 2025

Our Commodity Marketing Calendar is an essential tool for any farm looking to maximize their profits and stay ahead of market trends. This comprehensive calendar provides detailed information on key events and factors that can impact commodity prices, helping businesses make informed decisions about when to buy or sell.

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.

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

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.

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.