March 11, 2025

Considerable confusion has occurred concerning the issue of residual fertilizer applied by the previous landowner and its tax treatment. Several companies are mailing information as well as presenting seminars concerning the deductibility of the value of this residual fertility on the farmer’s tax return.

 

This webinar presented the tax rules and the correct reporting of the value of the residual fertility when land is transferred via a sale or an inheritance. View the Ag Economic Specialist presentation slides.

 

 

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January 28, 2025

In this webinar, JC Hobbs, OSU Extension Tax Specialist discussed tax planning to do at the start of the new year and steps that producers can use to improve the tax efficiency of their agriculture operation. JC discussed steps that producers can take going forward this year to better manage their taxes. View the Ag Economic Specialist presentation slides.