Paycheck Protection Program Loan Forgiveness

By Jerry Pierce | KFBM Program Coordinator
Published on Feb. 25, 2021

The Economic Aid Act reauthorized the Small Business Administration (SBA) Paycheck Protection Program (PPP) through March 31. On January 19, 2021, SBA issued Interim Final Rules concerning forgiveness and review of first and second draw loans made under PPP.

More Government Money on the Way for Kentucky Farmers

By Will Snell | Extension Professor
Published on Jan. 28, 2021

The latest COVID-19 stimulus package (Consolidated Appropriations Act of 2021) contains more funding for U.S. agriculture. Last year, U.S. farmers received an estimated $46 billion of direct federal funding, accounting for nearly 40% of projected U.S.

Paycheck Protection Program Update

By Jerry Pierce | KFBM Program Coordinator
Published on Jan. 20, 2021

The Economic Aid Act reauthorized the Small Business Administration (SBA) Paycheck Protection Program (PPP) through March 31 and made several modifications beneficial to farmers. It also authorizes second draw PPP loans. The application deadline has been extended to May 31.

Additional CFAP Funding Announced

By Kenny Burdine | Extension Professor and Will Snell | Extension Professor
Published on Jan. 19, 2021

USDA announced on this past Friday that additional Coronavirus Food Assistance Program (CFAP) payments (labeled CFAP 2.1) will be made for certain producers using leftover funds from the first two rounds of CFAP.

Estimating the Economic Depreciation of Farm Assets

By Jonathan Shepherd | Extension Specialist, Jordan Shockley | Associate Extension Professor, and Robert Ellis | Graduate Student
Published on Jan. 7, 2021

Depreciation can often become an overlooked area for a farming operation. Yet, it plays a major role in both taxes and profitability.  A possible reason could be that when most people hear depreciation, they jump directly to tax depreciation.

The Economic Value of Applying Broiler Litter in the Fall

By Jordan Shockley | Associate Extension Professor
Published on Nov. 25, 2020

Spring application of broiler litter is ideal for maximizing the economic value, but faces challenges that include wet soil conditions, lack of time to spread litter near planting, and availability of litter in the spring.

2020 Tax Update

By Suzy Martin | KFBM Area Extension Specialist
Published on Nov. 25, 2020

Despite all the events of 2020, the tax law changes were minimal.

Communication in Stressful Times

By Steve Isaacs | Extension Professor
Published on Nov. 25, 2020

2020 has been a stressful year. That sentence is a serious contender for Understatement of the Year. Pandemics, politics, and paradigm shifts have provided no shortage of stressful situations. Lives, families, jobs, schools, commerce, and social lives have all been disrupted.

Hired Farm Labor and the Role of Hispanic Workers

By Steve Isaacs | Extension Professor
Published on Oct. 29, 2020

Family members provide about two-thirds of the workers on U.S. farms, but the remaining one-third consists of 1.18 million hired workers. While not an insignificant number, the 1.18 million farmworkers represent less than one percent of the total U.S. wage and salary workers.

Payroll Requirements for Farm Employers

By Michael Forsythe | KFBM Area Extension Specialist
Published on Sep. 22, 2020

Farming operations come in all different shapes and sizes.  This means their need for employees is also different.  A small farm may not need to hire any employees, but a bigger farm may need to hire full-time and/or part-time employees.  When a farmer decides to hire an employee, there are several steps they need to take to make sure all of the