Farmer Tax School Series - Farm Financial Records for Decision Making & Tax Management




Event Details

Date

December 2, 2021

Time

7pm - 9pm

Location

Zoom

Host

Central New York Dairy and Field Crops

Nicole Tommell
315-867-6001



Join Cornell Cooperative Extension Farm Business Management Specialists from across the state for their virtual Farmer Tax School, offered in October 2021 through January 2022. This educational series offers courses designed to inform and empower farm managers to better understand their tax obligations, management strategies, and improve farm profitability. For more information, click here.  You can register for one, some of, or all courses.

Each course has its own fee. There are scholarships available for those experiencing financial hardship. The courses will be offered virtually via live and interactive zoom webinar. For those without internet access, there will be a call-in option available with the opportunity to receive paper copies of the presentation via mail. Each presentation will be recorded and sent to those who are registered (even if you can't attend the live event).

This series has options for agricultural producers of all shapes, sizes, and time in business. 

A primer for beginning farmers, or a tune-up for those already in production, on recording income and annual expenses,  capital expenditures and depreciation with additional information covering loans & credit card or revolving loan payments, sales of business assets, and deducting losses.

This program costs $10 per farm.  Register online here.  Registration required by November 29.

There are sponsorship opportunities available to help off-set the cost of the program. Farm Financial Services Providers are encouraged to join as a sponsor. This will add their name to a service directory that will be made available electronically and in print to all participants. Sponsorships are available for $100/organization and will also collect information about services offered, location, and contact information.

For more information, or for assistance in finding the course that is right for you, contact your regional Farm Business Management Specialist or any of the following planning team members:

  • Bonnie Collins, CCE Oneida County, 315-335-4268, bsc33@cornell.edu
  • Steve Hadcock, Capital Area Agriculture and Horticulture, 518-380-1497, seh11@cornell.edu
  • Elizabeth Higgins, Eastern New York Commercial Horticulture, 518-949-3722, emh56@cornell.edu
  • Mary Kate MacKenzie, South Central New York Dairy and Field Crops, 509-294-6073, mkw87@cornell.edu
  • Dayton Maxwell, Capital Area Agriculture and Horticulture, 518-380-1498, dtm4@cornell.edu
  • Joan Petzen, Northwest New York Dairy, Livestock, and Field Crops, 716-378-5267, jsp10@cornell.edu
  • Nicole Tommell, Central New York Dairy, Livestock, and Field Crops, 315-867-6001, nt375@cornell.edu
  • Katelyn Walley-Stoll, Southwest New York Dairy, Livestock, and Field Crops, 716-640-0522, kaw249@cornell.edu



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Dairy

Dairy

Livestock

Livestock

Forages

Forages

Grains

Grains

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Upcoming Events

Labor Roadshow VIII

December 11, 2024
December 13, 2024
December 17 - December 18, 2024 : Labor Roadshow VIII

Two in-person locations to choose from, along with a virtual option.  Join them in navigating agricultural labor issues, connecting on common challenges, and exploring possible solutions.

2025 Dairy Day

January 7, 2025 : Dairy Day - Hamilton
Hamilton, NY

New Location!  Lunch Included!


January 8, 2025 : Dairy Day - Ballston Spa
Ballston Spa, NY

Lunch Included!

Corn & Soybean Day

Event Offers DEC Credits

January 14, 2025 : Corn & Soybean Day - Hamilton
Hamilton, NY

New Location!  Lunch included!


Event Offers DEC Credits

January 15, 2025 : Corn & Soybean Day - Ballston Spa
Ballston Spa, NY

New Location!  Lunch included! 

Announcements

Sign Up for Our Weekly E-Newsletter

We send out a bi-weekly e-newsletter that has announcements, upcoming programs, and opportunities for you!  Registration is quick, easy, and free.  Click here to sign up today!

Document and Share Storm Damage

Mother nature has really been difficult over the last few days. Significant damage has been seen throughout NYS. Please let us know what types of damage your farm may have sustained during this time. This could be in the form of property damage, lost power, milk dump due to lost power, loss of livestock, loss of stored feed or growing crops.

Farms are encouraged to DOCUMENT AND SHARE any impacts the weather may have had on their home or business. This could include structure damage, crop loss, inventory loss due to power outages, damage to equipment or fencing, and more.

If your farm experienced any sort of damage, please reach out to any of the folks listed below (or all of them). The more impact information that is collected, the greater the likelihood of a disaster declaration which can bring vital emergency support and awareness. The CNYDLFC Team will continue to collect detail and submit to NYSDAM and the EDEN network.

Reporting Weather Related Impacts (For your home or farm business)

  • First, ensure that all the people and animals on your farm are safe, and that there aren't any unsafe working conditions created because of the weather (check your structures!). If there's an emergency, call 911 - don't try to manage it all on your own.
  • Second, document all negative weather impacts for your farm and their estimated financial cost. Take photos, make estimates, and put it all in a safe place.
  • Reach out to your insurance providers - farm, vehicle, crop, etc. to initiate the claim process as needed.
  • Then, share your farm's damage with any (or all) of the ag support agencies listed below. We all work together to collect storm damage information and funnel it up to Ag and Markets which can initiate a natural disaster declaration.
Your local Cornell Cooperative Extension Association Office.
  • Chenango: 607-334-5841
  • Fulton/Montgomery: 518-853-2135
  • Herkimer: 315-866-7920
  • Madison: 315-684-3001
  • Otsego: 607-547-2536
  • Schoharie: 518-234-4303
  • Saratoga: 518-885-8995
Any of our CNYDLFC Team members (calls/emails/texts/site visit requests all ok)
  • Erik Smith: 315-219-7786
  • Daniela Gonzalez: 315-749-3486
  • Ashley McFarland- 315-604-2156

Your county USDA/FSA service center.
  • Chenango: 607-334-3231
  • Fulton/Montgomery: 518-853-4015
  • Herkimer: 315-866-2520
  • Madison:315-824-9076
  • Otsego: 607-547-8131
  • Schoharie: 518-295-8600
  • Saratoga: 518-692-9940

Your county farm bureau manager

  • Region 3: Bailey Coon: 518-937-0566
  • Region 5: John Wagner: 315-761-9770
  • Region 6: Natally Batiston: 518-937-0269
  • Region 7: Todd Heyn: 518-431-9338

Please let us know how we can help you.


Cash Rent and Custom Harvest Survey

To date, there is limited information available about rental rates and fees for crop harvesting.  Farms can use this valuable information for their farm business planning to help improve decision making and profitability. 

The data that is collected, and the subsequent reports/findings/resources will be helpful for all of us to answer that call of "What's the average rental rate in my area?" and "How much do people charge to combine oats?"



Farmers Can Join MeatSuite For Free!

MeatSuite.com is a free resource provided by Cornell University where NY meat farmers can create a farm profile and list their bulk (wholes, halves, quarters) and bundled (i.e. Grilling Bundle) meat products.

Why should farmers join?

1. It's free and easy!
2. Connect with more local customers. In the past year the MeatSuite.com farm directory had 8,300 visits from New York consumers. Farm profiles get as many as 25 views per month from potential local customers. We also spotlight MeatSuite farms on social media and bring attention and purchases to farms through highlights and giveaways.

How do I join?

Farmers can visit https://www.meatsuite.com/farmers/ to create a free farm profile. You must list at least one product for your farm's profile to go live. You'll also have access to Cornell's free Meat Price Calculator, a helpful tool for pricing your meat to make a profit.

While you're on MeatSuite, check out the "Creating Consumer-Friendly Bulk Meats" publication on the log-in page. It has tips on how to create bulk meat products that are easier for first-time buyers to say "yes" to.

If you have any questions as you create your farm profile or products, we're here to help! Please email Matt LeRoux at mnl28@cornell.edu.


Spotted Lanternfly

Lycorma delicatula, or Spotted Lanternfly (SLF), is an invasive plant hopper from Asia and is an agricultural pest. In the United States, it was first found in Pennsylvania in 2014. Spotted Lanternfly has been found in New York State on Staten Island, all New York City boroughs, Long Island, Port Jervis, Sloatsburg, Orangeburg, Ithaca, Binghamton, Middletown, Newburgh, Highland, and the Buffalo area. SLF threatens the agriculture and forestry industries, and is also a nuisance pest. The nymphs and adults feed on over 70 different plants, but is especially detrimental to grapes, a black walnut, hops, maple trees and apples. New York State Ag and Markets supported CCE efforts to help bring awareness to communities and we developed this Public Service Announcement and would appreciate you sharing it with your member lists. 



CCE Livestock Program Work Team

See the Livestock Program Work Team website for news, upcoming programs, and NYS Slaughterhouse Map.