2012 has been another unusual year for farm and ranch owners and operators! The drought that affected most of the U.S. could create a number of issues as we look at your operation's taxable income for 2012 and 2013. Here are several important things for you to consider for 2012. Make long-range taxable income plans. The new farm bill appears to eliminate direct payments to producers and landlords. We'll still get payments in 2013, but there likely will be no direct Farm Service Agency payments during calendar year 2014 under the proposed new FSA farm program.
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