Tips From The Farm's Back Office
Cash vs. Accrual
TL;DR: Most farmers use cash accounting for taxes because it’s simpler, but growing farms often use accrual to track true profitability. Here is how to decide which one makes sense for your farm business. There are two main ways to track your farm’s income and expenses: Cash or Accrual. The most common method is cash filing, simply recording money as it hits or leaves your bank account. However, some farms choose accrual to see
Farm Bookkeeping and Tax Tips Webinar Recording
Bookkeeping and taxes are two of the biggest stress points for farmers, especially heading into tax season. In this session, Good Agriculture CEO Alex Edquist explains how to read your financial statements, structure your chart of accounts using Schedule F, track revenue and expenses correctly, and understand depreciation.
Winter Webinar Series: Advanced Farm Bookkeeping Webinar Webinar Recording
Watch the Advanced Farm Bookkeeping webinar recording to learn practical strategies for improving cash flow, budgeting effectively, and making data-driven financial decisions that strengthen your farm’s long-term profitability.
What is a Schedule F Form?
A clear guide to IRS Schedule F for farmers – what it is, who must file, and how to report farm income and expenses accurately for tax season.
Estimated Taxes: What Farmers Actually Need to Know
A practical guide to estimated taxes for farmers, including who must pay, how to calculate quarterly payments, and how to avoid IRS penalties.
What the One Big Beautiful Bill Means for Farmers’ Taxes & Cash Flow
Learn how the One Big Beautiful Bill impacts farmers’ taxes and cash flow planning, and what it could mean for your farm operation.
1099s: Who Needs Them and Why They Matter
Learn who needs 1099 forms for farmers, when they must be issued or received, and why they matter for tax compliance and accurate reporting.
Winter Webinar Series: Preparing Your Farm for Taxes Webinar Recording
Watch the winter webinar series farm taxes webinar recording to learn how to prepare your farm finances, organize tax documents, and plan for the upcoming tax season.
What Farmers Should Know About the New NRCS Regenerative Pilot Program
Learn what the NRCS regenerative pilot program is, who qualifies, and how farmers can apply for funding and technical support.