Agricultural producers should do tax planning before the end of the year
NDSU Extension specialists advise that it is best to spread out income and expenses so producers don't have abnormally high or low income or expenses in any one year. (Pixabay photo)
'It is that time of the year again to think about year-end tax planning,' says Ron Haugen, North Dakota State University Extension farm management specialist. 'This year was another year that had a large influx of government payments to crop and livestock producers,' Haugen says. 'Generally, all or most of the government payments that farmers and ranchers received during the year must be reported …
