2023 Income Tax Updates for Farmers and Ranchers

In this Center for Ag Profitability webinar, Nebraska Farm Business, Inc. Director Tina Barrett reviews tax considerations that farmers and ranchers should be thinking about this year as we get closer to closing out another year. Topics covered include crop insurance, deferral options for livestock sales, potential law changes on the horizon and more. 

Higher diesel prices are raising harvest and freight costs for farmers. Shay Myers of Owyhee Produce says fuel adds nearly $40,000 to weekly operating costs compared with a year ago, while freight costs have doubled.