Income Tax Planning for Farms that File a Schedule F
Income Tax Planning for Farms that File a Schedule F, Course 1 of the 2021/22 Farmer Tax School, $25/farm
This is a three-session course for farms that are already filing a Schedule F covering tax planning and goals, handling farm profits/losses, and strategies to improve your tax position while also working positively with your accountant/tax preparer. Our first session will provide an overview of tax planning, the management of tax liability, and assessing your record keeping system. Second session will delve into everything Schedule F - depreciation and classifying revenues and expenses. The final session will be led by a professional tax-preparer who will introduce tax planning strategies and the timeline for implementation with ample time for questions and discussion.
CAN'T MAKE IT LIVE?: Sign up any and we'll send you a recording following the workshop.
TECH REQUIREMENTS: Zoom (on phone, tablet, or computer). You may also call in and request paper documents be mailed to you.
IS THIS FOR ME?: This class is designed for farms that are already filing a Schedule F, covering tax planning and goals, handling farm profits/losses, and strategies to improve your tax position while also working positively with your accountant/tax preparer. The Tax School series has options for agricultural producers of all shapes, sizes, and time in business.
SPONSORSHIP: We are currently seeking agribusiness sponsorship for this series. We will be providing all of our participants with a directory of sponsors and their financial support services offered.
Experiencing financial hardship? Attend for free! Select the "scholarship" option at payment. Support for this option is made possible by our generous sponsors.
This course is part of Cornell Cooperative Extension's Farmer Tax School: An educational series from Cornell Cooperative Extension Farm Business Management Specialists. This series will inform and empower farm managers to better understand their tax obligations, management strategies, and improve farm profitability. This consists of four courses offered October 2021 - January 2022. Courses in the series are:
- Income Tax Planning for Farms that File a Schedule F, Tuesday October 13, 20 & 27, 7:00-8:30, $25/farm
This is a three-session course for farms that are already filing a Schedule F covering tax planning and goals, handling farm profits/losses, and strategies to improve your tax position while also working positively with your accountant/tax preparer. Our first session will provide an overview of tax planning, the management of tax liability, and assessing your record keeping system. Second session will delve into everything Schedule F - depreciation and classifying revenues and expenses. The final session will be led by a professional tax-preparer who will introduce tax planning strategies and the timeline for implementation with ample time for questions and discussion.
- Farm Financial Records for Decision Making & Tax Management, Thursday, December 2, 7pm - 9pm, $10/farm
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.
- Tax Management for Beginning and Small Farm Businesses. Tuesday, January 18, 7pm - 9pm, $10/farm
A one-night virtual meeting for beginning and part-time farmers that provides useful tax information enabling participants to be make better tax decisions for their business. Federal and state income taxes will be covered. Tax regulations specific to NYS will be covered as well.
- Tax Code Benefits and Last Minute Tax Updates for Farms, Tuesday, January 25, 7pm - 9pm, $10/farm
For farm businesses of all shapes and sizes, tune in to learn more about key tax benefits and tax incentives that are available for farms. Because this is our last class, this workshop will also include updated tax information for the current tax season.
Event Details
Date
October 13, 2021
Time
7:00pm-8:30pm
Location
Zoom Webinar
Cost
Farm Registration : $25.00
Access to Zoom Link (no limit on number of people who can watch at a site)
Farm Registration with Printed Materials Sent to You : $45.00
If you need us to mail you hard copies of the handouts there is a $20 fee to cover costs.
Scholarship : Free
Thanks to our sponsors, scholarships are available for those with financial hardship.
Host
CCE Farm Business Management Educators
Elizabeth Higgins
5189493722
email Elizabeth Higgins
Event Registration
Session 1: Tax Planning, Goals, and Foundations
Our first session will provide an overview of tax planning, the management of tax liability, and assessing your record keeping system.
Event Details
Date
October 20, 2021
Time
7:00pm-8:30pm
Location
Zoom webinar
Host
CCE Farm Business Management Educators
Elizabeth Higgins
5189493722
email Elizabeth Higgins
Event Registration
Session 2: Understanding the Schedule F, Depreciation, Profit/Loss Determinations
The second session will delve into everything Schedule F - depreciation and classifying revenues and expenses.
Event Details
Date
October 27, 2021
Time
7:00pm-8:30pm
Location
Zoom Webinar
Host
CCE Farm Business Management Educators
Elizabeth Higgins
5189493722
email Elizabeth Higgins
Event Registration
Session 3: Income Tax Planning Strategies and Timelines
The final session will be led by a professional tax-preparer who will introduce tax planning strategies and the timeline for implementation with ample time for questions and discussion.
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Upcoming Events
Ag Labor Road Show IX
December 1, 2025 : Save the Date! - Ag Labor Roadshow Webinar 1
In addition to the in-person Ag Labor Roadshow program in our region on December 9, two webinars are scheduled for December 1 and December 22. Each webinar will focus on different program content that is different from the in-person sessions. These webinars are an added benefit to program registration.
December 9, 2025 : Save the Date - Ag Labor Road Show In-Person Event (Greenwich, NY)
Greenwich, NY
The Roadshow delivers essential updates on labor law, regulations, and workforce best practices—tailored for farm owners, managers, and ag service providers. Sessions also focus on practical strategies to boost communication, strengthen retention, and build a positive workplace culture.
The in-person session for Eastern NY is December 9 - Elks Lodge, Greenwich, NY - full day in person session
Additional in-person sessions are:
December 10 - Hilton Garden Inn, Watertown, NY, December 17 - Cornell AgriTech, Geneva, NY, December 18 - Genesee Community College, Batavia, NY
December 22, 2025 : Save the Date! - Ag Labor Roadshow Webinar 2
In addition to the in-person Ag Labor Roadshow program in our region on December 9, two webinars are scheduled for December 1 and December 22. Each webinar will focus on different program content that is different from the in-person sessions. These webinars are an added benefit to program registration.
2026 Winter Cut Flower Webinar Series
January 6, 2026
The fifth annual CCE Cut Flower Webinar Series begins on January 6, 2026 and continues over 5 weeks on Tuesdays. This is a very popular series of online events you won't want to miss, with topflight speakers, a wide variety of subjects concerning growing cut flowers and plenty of interaction between speakers and attendees.
Tuesdays 1pm-3pm January 6, 2026 - February 3, 2026 (The webinar held on February 3 will run 1pm-4pm)
Cost: $60.00 for all five sessions, $20 for single sessions
Webinars will be recorded, and all the recordings will be sent to registrants for future review.
Expanding Farm Sales: Markets, Profits, and Branding Series
January 10, 2026
Looking to diversify where you sell your farm products? This four-part workshop series helps farmers explore new opportunities in direct-to-consumer, wholesale, and institutional markets. Learn how to meet buyer expectations, price for profitability, and build lasting relationships that support your business goals. Participants will strengthen marketing and communication skills, evaluate which sales channels best fit their farm, and connect with buyers, distributors, and local partners who can help expand their reach. Whether you're just starting out or ready to grow your market presence, this program will help you chart the right path for your farm's future.
Four Session Series: Saturdays from 10AM to Noon, January 10-January 31, 2026
Attend at one of three locations: Schoharie Extension Center - Cobleskill, NY; Otsego Education Center - Cooperstown, NY; Via Zoom
Pre-registration is requested! Fee: $25 Register Here
Any questions can be directed to Kelley Doolin at kmd322@cornell.edu