Fun to make, frustrating to keep. So it goes with most New Year’s resolutions. But a thoughtful approach to listing goals or changes for your farming operation in 2015 can open your eyes to areas for improvement.
The drive toward improvement fuels many of us. In agriculture, improvement might mean increasing yields or becoming more efficient. Or maybe it’s reducing costs or better conserving a piece of land. Now is the perfect time to dissect 2014 and find areas of improvement for 2015.
This year’s dip in commodity prices doesn’t mean you should lose sight of managing year-end income and expenses. Doing so can significantly impact your tax burden.