TOOLS AND EDUCATION: The North Dakota Farm Management Education Program provides the tools and education to help farmers operate and manage their farm businesses. Helen King/Getty Images As we continue to transition to a new year, there are a few important things to keep in mind. Taxes will need to be completed, operating loans obtained and a solid plan for the year developed. Although it may seem daunting, the North Dakota Farm Management Education Program at various colleges across the state can assist you in setting yourself up to succeed. Learning how to keep accurate records and finding useful tools to run a successful ag-related business are just a couple things you can learn from this program. Each year, several questions are raised. How can I be prepared for tax season? How can I get more organized with my receipts? Let’s find some of the answers to those questions. Throughout the year, it is good to keep the following items for your records: When looking at recording income, it is helpful to document crop, livestock and personal income. When recording expenses, it is good practice to record all expenses for both the farm and the family. These expenses can […]
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