Farm Financial Records for Decision Making
Event Details
Date
December 2, 2021
Time
7:00pm-9:00pm
Location
Zoom Webinar
Cost
Farm Registration : $10.00
Access to Zoom Link (no limit on number of people who can watch at a site)
Scholarship : Free
Thanks to our sponsors if you are suffering a financial hardship you can recieve a scholarship.
Host
CCE Farm Business Management Educators
swnydlfc.cce.cornell.edu/event_preregistration_new.php?id=1683
Elizabeth Higgins
5189493722
email Elizabeth Higgins
Event Registration

Farm Financial Records for Decision Making & Tax Management
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.
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.


Upcoming Events
ENY Late Summer Orchard Field Meeting

August 16, 2022
Granville, NY
Join us for a late-summer field meeting. Cornell researchers and extension specialists will give talks on management tasks to be mindful of late in the season as we head into harvest. We will then walk through the orchard to look for some of the issues discussed, and further discuss their management strategies in the field. We will then discuss how the crop is shaping up around the greater ENY region, and will allow ample time for you to share your thoughts on this year's crop, and to answer any other questions you may have.
Costa Rica Agritourism and Cultural Study Tour
December 3 - December 11, 2022
Costa Rica Agritourism and Cultural Study Tour hosted by Laura McDermott, and organized by Explorations by Thor, a well-respected international travel company that specializes in agricultural tours will embark December 3 - 11, 2022. Don't miss this opportunity to travel, learn and relax with other farmers. It will be a blast!
This one-of-a-kind guided excursion is an educational and entertaining way to visit another country while networking with fellow berry production and Agri-tourism professionals. The tour allows attendees the convenience of a completed itinerary including hotels, most meals and in-country transportation. Guests will visit a wide variety of Costa Rican agriculture and while still having time for cultural highlights.