With decreasing commodity prices, many farmers are looking for ways to raise cash and pay down debt. One strategy that is often considered involves selling farm assets that are no longer used (or have become unproductive).

There are many reasons why dairy farmers consider selling real estate. Some sales are the result of condemnation or forced sale, while others are due to the death of the landowner.

For dairy farmers, it is more important than ever before to project and control taxable income. Publicly traded companies like General Electric and Apple have always known the importance of projecting income and making sure the actual results match their forecasts.

Changes in federal tax regulations will impact how dairy farmers deduct repairs and maintenance. Does your CPA know about these changes?