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Tag "capital purchases"

Illinois Farm Business: Capital Purchases Down? Expect More Tax Liability.

Illinois Farm Business: Capital Purchases Down? Expect More Tax Liability.

👤By Gary Schnitkey, Bradley Zwilling, University of Illinois Ag Economists 🕔Dec 6, 2017

Many Illinois grain farmers have reduced capital purchases in recent years, with prospects for further cuts in 2017 and future years. Overall, reducing capital purchases is a prudent step in times of low grain farm returns. Reducing capital purchases, however,

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Farm Budget: Don’t Forget Rising Family Living Costs

👤By Brandy Krapf, Dwight Raab, and Bradley Zwilling, University of Illinois 🕔Oct 16, 2015

In 2014, the total noncapital living expenses of 1,350 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) averaged $81,711–or $6,809 a month for each family (Figure 1). This average was 1.2 percent higher than in 2013.

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Illinois: Low Crop Prices Necessitate Reduced Capital Purchases

Illinois: Low Crop Prices Necessitate Reduced Capital Purchases

👤By Gary Schnitkey, University of Illinois, farmdocDaily 🕔Jun 23, 2015

Grain farms are projected to have lower farm incomes over the next several years than in 2010, 2011, and 2012. Lower incomes then will require many farmers to lower capital purchases more than they did in 2014. Historical Capital Purchases

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Illinois: On Farm Capital Purchases Shift Purchase Timing

👤By Brandy M. Krapf, Dwight D. Raab, and Bradley L. Zwilling, University of Illinois 🕔Feb 20, 2015

Over the last ten years, we have seen higher crop prices, higher costs, and greater expense election limits. What has this done to capital purchases? To determine this, we looked at capital purchases made by farms enrolled in Illinois Farm

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