Tax Strategies for Midwestern Farm and Ranch Women

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Tax Strategies for Midwestern Farm and Ranch Women is a three-part extension workshop produced in collaboration between women in agriculture programs in Kansas, Indiana, and Nebraska. It will focus on the basics of tax planning for farms and ranches. Keynote speakers will be broadcast virtually via Zoom. Attending this series offers you the chance to build your tax management knowledge and skills. Participants are encouraged to attend all three sessions.

Class 1 – Introduction 

  • Basic tax information: What are income taxes? What are income tax brackets?
  • Who qualifies as a Farm for tax reporting purposes?
  • What is a schedule F?
  • Cash vs. Accrual Accounting
  • Tax Documentation 

Class 2 – Schedule F Basics  

  • How do you choose an accountant? 
  • What are common farm and ranch deductions? 
  • What other non-farm from/for AGI deductions should farmers and ranchers consider?

Class 3 – Advanced Topics 

  • 1099s 
  • Tax Strategies 
  • Shifting income (pre-paid expenses, deferred payment contracts)
  • Accelerated depreciation
  • Income Averaging 
  • Loan forgiveness

This material is based upon work supported by the U.S. Department of Agriculture, under agreement number FSA22CPT0012189.

Nebraska Locations:

Central City  Merrick County Youth and Agriculture Education Center  1784 Fairgrounds Road 
Concord  Haskell Ag Lab  57905 866 Road 
Geneva  Fillmore County Extension  1340 G St. 
Lincoln  Lancaster County Extension Office  444 Cherrycreek Road Suite A 
North Platte  Lincoln Logan McPherson Extension Center  348 W. State Farm Road 
Omaha  Nebraska Extension in Douglas- Sarpy County  8015 W. Center Road 
Syracuse  Syracuse Library  480 5th St. 

Tax Strategies for Midwestern Farm and Ranch Women

Multistate three-part workshop

Nov. 28, Dec. 5, Dec. 12, 6:30-8 p.m. CT via Zoom

$30 registration fee



Is the entire series virtual?
Yes! You can attend from the comfort of your home. Just get comfy in front of the computer!

Can anyone attend?
Yes! No matter where you live, we’d love to have you!

Will the program be recorded?
Yes! Anyone who registers will have access to recordings of the sessions.

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