|Missouri Dairy Business Update|
|Volume 3, Number 11|
Even though milk prices have been low, some dairymen in Missouri may need to look at doing end of year income tax planning. With the section 179 expensing increased to $100,000, most farmers will find a way to keep from paying much income tax.
Here are some helpful end-of-year tax planning links:
Purdue's Tax Planning and Management Considerations for Farmers in 2003
IRS Farmer's Tax Guide
Missouri's Ag Tax Tidbit, by Parman Green