GREENVILLE, Ohio – Producers new to farming or those who operate small farms and ranches can learn how to create a business plan and develop a balance sheet from farm management experts with the College of Food, Agricultural, and Environmental Sciences at The Ohio State University.
The 2016 Farm Management School, a five-session workshop series, will focus on the financial education that goes along with operating a successful farming operation, said Sam Custer, an Ohio State University Extension educator who is organizing the the program.
OSU Extension is CFAES’s outreach arm.
Although the farm management school targets those who are new to agricultural fields, any farmer, producer or agriculture-related industry person is welcome to attend, Custer said.
The goal of the program, he said, is to help young and beginning farmers learn how to become financially savvy and how to make their agricultural operations su... Read More »
by: Sarah Noggle, OSU Extension Paulding County
The Environmental Protection Agency (EPA) has proposed a minimum age (18) and stricter standards for certifying applicators of restricted use pesticides (RUPs). For commercial applicators in Ohio, there is no distinction between RUP and non-RUP users, hence these new proposals potentially affect the certification and recertification of all licensed commercial pesticide applicators in Ohio whether or not they actually use restricted use pesticides. Private applicators are only required to be licensed in Ohio if they use RUPs. Much of what is proposed for the stricter federal standard is already required by Ohio Law; for example, Ohio pesticide applicators already take closed book exams, must recertify on a three-year schedule, and keep pesticide records.
The proposed changes would however significantly increase the recertification requirements for Ohio pesticide applicators. The EPA h... Read More »
Recently there have been several articles in the media discussing the lack of projected income for corn and soybean farmers due to low prices and input costs remaining stable at higher prices. This scenario can result in farming losses and financial stress for farm families. OSU Extension is offering a Farm Business and Finance Webinar Series aimed at helping farm families improve financial management knowledge.
This free educational 4-session webinar series is funded by the North Central Extension Risk Management Education Grant titled: Ready, Set, Go: Preparing Farms to Successfully Manage Risk. The webinars will be held on Mondays from 11:30 am to 1:30 pm starting November 16, 2015 through December 7, 2015. Participants can login from their home or office computer to access the webinar. The sessions will cover the following topics:
Session 1 – Farm Business Planning and Systems Management
Is the operation large enough and... Read More »
by Rory Lewandowski, Extension Educator Wayne County
One piece of business that can be taken care of in the fall after harvest is completed is securing a cropland lease or rental agreement for the 2016 season. The purpose of this article is not to talk about what that rental price is, but rather the format of that agreement and lease/rental conditions included in that agreement.
A surprising number of cropland rental or lease agreements are nothing more than a verbal agreement. If you ask any agricultural law attorney they will tell you that lease agreements should be put in writing. According to Ohio’s “Statute of Frauds” a lease needs to be in writing and signed to be enforceable in a court of law. Of course very few, if any, persons enter a lease agreement intending to end up in court and many verbal agreements do work to the satisfaction of both parties. There are good reasons to put lease agreements in writing beyond th... Read More »
COLUMBUS, Ohio – Farmers, farm representatives and rural landowners can learn more about the special issues with farm tax returns during a daylong tax webinar and workshop Dec. 14 hosted by the College of Food, Agricultural, and Environmental Sciences at The Ohio State University
Topics such as inherited property and income tax on farm transfers will be discussed during the workshop, which focuses on issues specific to farm tax returns related to agriculture and natural resources, said Larry Gearhardt, director of the Ohio State University Income Tax School Program of Ohio State University Extension. OSU Extension is the statewide outreach arm of the college.
The six-hour program, which will be presented in a live webinar format, is open to tax preparers as well as individuals who file their own farm taxes, Gearhardt said.
The program, which is an intermediate-level course, will focus on the changes in tax laws, in p... Read More »
COLUMBUS, Ohio – Provisions of the Affordable Care Act will again be the big issue this year for taxpayers – but instead of the focus being heavy on individual taxpayers, more interest will be on employer reporting requirements, a tax expert with the College of Food, Agricultural, and Environmental Sciences at The Ohio State University said.
To help experienced tax preparers learn about federal tax law changes and updates for this year as well as learn more about issues they may encounter when filing individual and small business 2015 tax returns, the college is offering a series of two-day income tax schools.
The tax school will also offer information on preparing taxes that focus on agriculture concerns, said Larry Gearhardt, director of the Ohio State University Income Tax School Program of Ohio State University Extension. OSU Extension is the statewide outreach arm of the college.
“The school is an excellent value th... Read More »
By: Wm. Bruce Clevenger, Extension Educator, Agriculture and Natural Resources, Defiance County
Extension has scheduled three seminars in Ohio for Agricultural Lenders. The dates are Monday, October 26th at the OSU Extension Champaign County Community Center Auditorium in Urbana, Ohio; Monday, November 2nd at the Putnam County Educational Service Center in Ottawa, Ohio; and Tuesday, November 3rd at the OARDC Fisher Auditorium in Wooster, Ohio. These seminars are excellent professional development opportunities for Lenders, Farm Service Agency personnel, county Extension Educators and others to learn about OSU Extension research, outreach programs and current agricultural topics of interest across the state.
Topics and Speakers at all 2015 Seminars:
Land Values, Cash Rents, Crop Input Costs and Potential Crop Profitability in 2016, by Barry Ward, Leader, Production Business Management, Department of Agricultural, Environmental a... Read More »
Ohio State University Extension, Soil and Water Conservation Districts and Farm Bureau are hosting the Tri County Ag Awareness Day on October 2nd at Carlisle Farms, LLC. The farm is located at 8848 State Route 800 SE, Uhrichsville, Ohio 44683. The program begins at 8:30am and concludes at 1:30pm.
Dr. Chris Winslow, Director of the Ohio State University Stone Lab, will discuss water quality in Ohio. Clif Little and Chris Zoller, Ohio State University Extension Educators, will discuss Gas Pipeline Best Management Practices. Legislative updates on issues impacting agriculture will be discussed by Adam Sharp, Ohio Farm Bureau, and Melvin Lahmers, TMK Farm Service at Bakersville, will give a presentation on Drone use in agriculture.
Lunch is provided compliments of Farm Bureau. Reservations are requested by calling 1-888-265-2090.
by Dianne Shoemaker, OSU Extens ion
The clock is winding down for dairy farmers to sign up for the 2016 Dairy Margin Protection Program. Instituted as part of the 2014 Farm Bill, the Dairy Margin Protection Program replaced the Milk Income Loss Contract (MILC) program and the $9.90 minimum Class III support price programs for US dairy farmers.
The sign-up period for 2016 participation opened July 1 and is scheduled to run through September 30, 2015. With this “regularly scheduled” sign-up period, farmers now have to make their decisions a full quarter before the coverage period of January 1 through December 31, 2016. The 2014/2015 sign-up was uniquely late (September 2nd through December 19th) due to the time needed to establish rules for the program following the 2014 Farm Bill’s passage, and deadline extensions.
The advantage of that later sign-up was that we had a better feel for what 2015 might look like than we wil... Read More »
By: Chris L. Bruynis, Assistant Professor & OSU Extension Educator
This year is turning out to be a challenging year not only due to the weather, but due to low revenue streams into many family farm businesses. Granted not all family farms will find themselves facing financial issues, but there will be some that will. For those that will, the stress can be significant and management decisions paramount.
The starting place is to determine if the issue is a profitability, liquidity, or solvency issue. Managers need to determine if the lack of profitability is temporary due to an isolated condition or if the problem is likely to continue into future years if no business changes occur. If the business is not profitable, then management decisions need to be made to correct the problem. If management determines that business changes cannot correct the lack of profitability (like not having control over commodity prices), then... Read More »
Information presented above and where trade names are used, they are supplied with the understanding that no discrimination is intended and no endorsement by Ohio State University Extension is implied.
Ohio State University Extension embraces human diversity and is committed to ensuring that all research and related educational programs are available to clientele on a nondiscriminatory basis without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity or expression, disability, or veteran status. This statement is in accordance with United States Civil Rights Laws and the USDA.
Keith L. Smith, Ph.D., Associate Vice President for Agricultural Administration and Director, Ohio State University Extension TDD No. 800-589-8292 ( Ohio only) or 614-292-1868