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December 14, 2021

Will you be able to deduct prepaid farm expenses?

Red combine harvester in golden wheat field.

By Paul Neiffer
From agweb.com

Many farmers will purchase farm inputs such as fertilizer, chemicals, seed, etc. before the end of the year even though the dealer has not delivered these products to the farmer.  We call these items prepaid farm expenses. Read the rest of the article here.