Tools for Agricultural Producers: Keepseagle Follow-up Tax Clinics/Workshops Trent Teegerstrom, University of Arizona Director of Arizona Tribal Extension.

Tools for Agricultural Producers: Keepseagle Follow-up Tax Clinics/Workshops

Trent Teegerstrom, University of ArizonaDirector of Arizona Tribal Extension Programs & Associate Extension SpecialistDepartment of Ag and Resource EconomicsP.O. Box 210023Tucson, AZ [email protected]

Why Keep Records?

• Personal & Operation Mgmt. & Planning: records will help you make informed management decisions and plan for the future• Government Programs: records are required for

participation • Loans/credit: financial records are required to obtain

loans or other forms of credit• Leasing agreements: production and financial records

required in order to lease or buy additional land• Taxes: records provide the documentation needed to

deduct the production costs• Keepseagle: Difference between Track A and Track B the

amount of records available for verification

Taxes

Rural Tax Educationhttp://ruraltax.org/

Tax Fact Sheet Topicshttp://ruraltax.org/

Tax Fact Sheet Topicshttp://ruraltax.org/

Hand Written Records

Spreadsheets and Other Decision Analysis Programs

Ranch Planning/Decision Analysis evaluation of supplementation. early weaning versus drylot

Diagnostic Tree Analysis total ranch and per exposed cow

Herd Productivity by Age Cohort category available to lump cows

together if ages are unknown

Farm/Ranch Analysis Worksheet

Detailed Breakdown of Cost

-- critical control point analysis

-- identify economic problem areas!!

Decision Analysis

Quicken® for Farm Financial Records

agecon.okstate.edu/quickenDamona Doye

[email protected]

Sarkeys Distinguished ProfessorExtension Economist and Regents Professor

OSU Agricultural Economics Department

• Cash flow• Tax schedule• Transactions• Account balances• Comparison• Filtered• Memorized • Balance sheet

Quicken Reports & Graphs

• Print materials plus video on-line at www.agecon.okstate.edu/quicken

• $25 for printed notebook and CD with sample files • Quarterly Quick Tips farm management newsletter

OSU Quicken Resources

Websites with Fact Sheets, Tools, PowerPoints and other Farm and Ranch Management Information

Intertribal Agricultural Council http://ww.indianaglink.com/

Inheriting Indian Land Fact Sheetshttp://www.montana.edu/indianland/factsheets.html

Ag In Uncertain Times Websitehttp://www.farmmanagement.org/aginuncertaintimes/

Programs and Training Materials www.Agtools.org

RightRiskhttp://www.rightrisk.org/

RightRiskGetting on Track: Ag Records

RightRiskGetting on Track: Ag Records

RightRiskGetting on Track: Financial Performance

Ag Risk & Farm Management Libraryhttp://www.agrisk.umn.edu/

Ag Lease 101http://aglease101.org/

Farmdochttp://www.farmdoc.illinois.edu/index.html

OSU Quicken Resources: www.agecon.okstate.edu/quicken

Farmdoc:http://www.farmdoc.illinois.edu/index.html

Ag Lease 101: http://aglease101.org/

Ag Risk & Farm Management Library: http://www.agrisk.umn.edu/

RightRisk: http://www.rightrisk.org/

Programs and Training Materials: www.Agtools.org

Ag In Uncertain Times Website: http://www.farmmanagement.org/aginuncertaintimes/

Inheriting Indian Land Fact Sheets:http://www.montana.edu/indianland/factsheets.html

Intertribal Agricultural Council: http://ww.indianaglink.com/

Rural Tax Education: http://ruraltax.org/

Keepseagle Tax Clinics &Workshop information

• Organizations involved in this webinar and clinic series and website addresses:• Intertribal Agriculture Council: www.indianaglink.com• Rural Tax Education: www.ruraltax.org• Extension Risk Management Education Centers• Southern: www.srmec.uark.edu• Western: www.westrme.wsu.edu• North Central: www.ncrme.org

• University of Arkansas School of Law (www.law.uark.edu)• Supported also by the Northwest Farm Credit Services & the

Keepseagle Class Council

Check the Keepseagle website frequently for updates: www.indianfarmclass.com