Category Archives: Management Calendar

The Management Calendar

Gordon Groover (groover@vt.edu), Extension Economist, Farm Management, Department of Agricultural and Applied Economics, Virginia Tech

Farm business managers should consider putting the following activities on their management calendar this winter. Continue reading

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2016 Winter Forage Conferences to Feature Experts on Tall Fescue

Theme: Tall Fescue in the 21st Century: Understanding and Managing Tall Fescue in Grazing Systems
Gordon Groover, Extension Specialist, Ag and Applied Economics, VA Tech

Dates: January 26-29, 2016

Tall Fescue in the 21st Century is the theme for the Virginia Forage and Grassland Council (VFGC) and Virginia Cooperative Extension (VCE) winter forage conferences. This year’s conference highlights current knowledge and practice that producers can apply to management of their tall fescue based grazing systems. This year’s speakers are nationally recognized experts in tall fescue production and management. The morning program will focus on understanding issues and problems with tall fescue and the afternoon program will explore potential solutions to these problems. Continue reading

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Time to Order your Farm Record Book

Gordon Groover, Extension Economist, Department of Agricultural & Applied Economics, Virginia Tech

Time to order your farm record book. As we enter the last quarter of 2015, it is time to order a new copy of the Virginia Cooperative Extension “Farm Record Book: Expenses and Receipts” (Publication 446-017). This 120-page record book provides an organized way of keeping track of annual financial, labor and personnel, and production-related records.   It provides forms for many categories of expenses, receipts, labor, and financial summaries to meet the needs of most agriculturally-related businesses using cash accounting methods.   Column headings are included for major items with some columns remaining blank for your own headings.  Forms are arranged to facilitate transferring totals to income tax forms (Schedule F, tax deprecation, and Form 4797) and to help complete end-of-the-year analysis. Virginia Cooperative Extension “Farm Record Book: Expenses and Receipts” is available from Virginia Cooperative Extension for $12.00. Call or visit your local extension office to order VCE Publication 446-017. If you want to order 446-017 online (there is an $8.00 shipping charge) visit https://pubs.ext.vt.edu/446/446-017/446-017.html for instructions. If you have questions contact me at (540) 231-5850.

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The Management Calendar

Gordon Groover, Extension Economist, Farm Management, Department of Agricultural and Applied Economics, Virginia Tech

Listed below are a few items that might be of interest to farm business managers: Continue reading

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The Management Calendar

Gordon Groover, Extension Economist, Farm Management, Department of
Agricultural and Applied Economics, Virginia Tech

Listed below are the items that should be considered for inclusion on the farm business managers’ calendar for spring and summer of 2015:

  • Half the business year will soon be behind us and a six-month financial record check-up is in order.  Updating your records through the month of June allows you to quickly gauge financial progress by comparing the farm’s actual expenses and income to your budgeted amounts.  If you did not develop a budget, compare your mid-year expenses and income to half the items reported on your 2014 Schedule F.  Flag any items that are different from budgeted amounts.  These differences are not necessarily problems, just items that need to be examined and explained.

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The Management Calendar

Gordon Groover, Extension Economist, Department of Agricultural & Applied Economics, Virginia Tech

Listed below are the items to consider including on your spring 2015farm business management calendar. Continue reading

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The Management Calendar

Gordon Groover (groover@vt.edu), Extension Economist, Farm Management, Department of Agricultural and Applied Economics, Virginia Tech

Listed below are the items to consider adding to your farm business manager’s reading list and calendar for the next two months.

  • Income taxes and related items:
  • Farmers that do not pay estimated taxes, your 2014 return and taxes are due March 2, 2015. For Farmers that pay estimated taxes (using Form 1040-ES). You have until April 15 to file your 2014 income tax return (Form 1040).
  • Virginia income tax returns must be postmarked by May 1, 2014.

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The Management Calendar

By Gordon Groover Extension Economist, Department of Agricultural & Applied Economics, Virginia Tech

Selective information that might be useful to farmers and their advisors:
• The Virginia’s Use Value Assessment Program (http://usevalue.agecon.vt.edu/) web site has been updated for Tax Year 2015 (TY) see the following items: Continue reading

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The Management Calendar

Gordon Groover (groover@vt.edu), Extension Economist, Farm Management, Department of Agricultural and Applied Economics, Virginia Tech

Selective information available that might be useful for fall reading:A must read for all of us involved in agriculture is the current issue of “Choices,” published by the Agricultural and Applied Economics Association and can be found at http://www.choicesmagazine.org/choices-magazine.

o    Fall 2014 Articles center around the: The 2014 Farm Bill – An Economic Welfare Disaster or Triumph? Barry K. Goodwin and Vincent H. Smith Continue reading

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The Management Calendar

Gordon Groover, Extension Economist, Farm Management, Department of Agricultural and Applied Economics, Virginia Tech

Listed below are a few items that might be of interest to farm business managers:

Continue reading

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