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Southern Illinois | I don’t think I’m abnormal but 2025 created some tax problems that I don’t think 2026 will mainly because the majority of my 2024 grain was sold in 2025 and same will be for 2025 grain in 2026. 2024 was a good crop year. 2025 was very average. The obvious problem is our expenses have done nothing but go up. People say quit spending on equipment which I think most have. When your fertilizer, seed, farm insurance, etc go up every year and you have subpar crops and subpar prices, you have a problem. Some will be able to sustain it with good working capital reserves but it’s draining fast.
To answer the original question, gross revenue & production down, gov payments didn’t amount to much here which is fine with me. | |
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Poll: What does your Schedule F Income look like under the new administration? (crop farmers)
