Agriculture News - Crittenden County 1534 US Hwy 60 E Marion, KY 42064 (270) 965-5236 Fax: (270) 965-5237

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  • Private Applicator Training Schedule for 2019

    Agriculture News

    Important Dates

    December

    24– Jan 2 Office

    Closed

    January

    6-8 KY Fruit & Vege-

    table Conference–

    Lexington

    8– 2019 Winter Wheat

    Meeting; Bruce Con-

    vention Center Hop-

    kinsville, 8 AM– 3 PM

    15– Private Applicator

    Training; Extension

    Annex, 8:30 AM &

    6:00 PM

    17–Field Trip To KY

    Cattleman’s Conven-

    tion, Leave Extension

    Office by 6:45 AM

    21– Office Closed for

    MLK Day

    28– Beef Series, Ex-

    tension Annex; 6 PM

    29– PBPT, Extension

    Annex; 1 PM

    31– Ag Water Quality

    Planning, 6 PM Ex-

    tension Annex

    Cooperative Extension Service

    Crittenden County

    1534 US Hwy 60 E

    Marion, KY 42064

    (270) 965-5236

    Fax: (270) 965-5237

    extension.ca.uky.edu

    Spring Calving Herd

     Be sure that weaned heifer calves are on

    a feeding program which will enable

    them be at about 65% of their mature

    weight before the start of the breeding

    season.

     Body condition is important, plan an

    adequate winter program for cows to be

    at least body condition score 5 (carrying

    enough flesh to cover the ribs) before the

    calving and breeding season. This will

    help them to breed early in the spring.

     Divide the herd into groups for winter

    feeding.

     Begin feeding the lowest quality forage

    to dry cows which are in good condition

    during early winter and save the

    best hay for calving time or for

    weaned calves.

    Fall Calving Herd

     Get breeding supplies together, if

    using estrous synchronization

    and/or A.I.

     Have Breeding Soundness Evalua-

    tion (BSE) performed on bulls (even

    if you used them this spring).

     The fall breeding season starts.

    Breeding can best be accomplished

    on stockpiled fescue pasture; other-

    wise, cows with calves should be fed

    25-30 pounds of good quality hay or

    its equivalent. Supplement with

    grain, if needed, and minimize hay

    waste.

    It’s time to renew your private applicator yellow card. Postcards will be sent to those

    who have taken the training in the past and cards are expiring at the end of this year.

    The two hour long training will feature videos, presentations, and discussion. Once

    the training is completed you will receive your yellow card that will allow you to pur-

    chase the restricted use chemicals.

    Trainings are free and choose one to attend. Please RSVP by calling the office at 270-

    965-5236. January 15, 2019 8:30 AM

    January 15, 2019 6:00 PM

    February 12, 2019 2:00 PM

    February 28, 2019 6:00 PM

    March 12, 2019 8:30 AM

    March 12, 2019 6:00 PM

    All trainings will be held at the Extension

    Annex (house next to the office).

    Timely Tips– Beef Cattle

  • The Tax Cuts and Jobs Act

    of 2017 (TCJA) has changed how

    farm producers depreciate assets.

    Under the old law, new (brand new

    never been used) farm equipment

    was classified as 7-year property.

    Now, new farm equipment is clas-

    sified as 5-year MACRS property.

    Used farm equipment is still classi-

    fied as 7-year property.

    Under the old law 3, 5, 7, and 10

    year farm property was depreciat-

    ed at 150 % declining balance.

    Now, under TCJA 3, 5, 7 and 10-

    year farm property will be depreci-

    ated at 200 % declining balance.

    This allows the farm producer to

    get depreciation at a faster rate.

    Farm assets in the 15 and 20-year

    MACRS recovery classes remain at

    150 % declining balance method.

    The TCJA has increased Section

    179 deduction to $1,000,000 in

    2018 for qualified property. Sec-

    tion 179 expense deduction is re-

    duced dollar for dollar if the cost of

    qualifying Section 179 property

    placed in service in 2018 is over

    $2,500,000. If qualifying Section

    179 property is greater than

    $3,500,000 farm producers cannot

    take Section 179 expense deduc-

    tion.

    The total amount of Section

    179 deduction farm producers can

    take on sports utility vehicle (SUV)

    placed in service in 2018 is

    $25,000. Vehicles must be rated at

    more than 6,000 pounds gross ve-

    hicle weight but not more than

    14,000 pounds gross vehicle

    weight. This is for SUVs used for

    farm business purposes.

    Special Depreciation Allow-

    ance (Bonus Depreciation) for farm

    assets placed in service in 2018 are

    eligible for a 100% deprecia-

    tion allowance. This rate will

    stay in effect thru 2023. In

    the past only new (brand new

    never been used) items were

    eligible for Special Deprecia-

    tion Allowance. Now, both

    new and used assets are eli-

    gible. Special Depreciation

    Allowance is not an election.

    If you do not plan to use Spe-

    cial Depreciation Allowance

    you must elect out of it on a

    class by class basis.

    The tax changes that have

    been enacted in the Tax Cuts and

    Jobs Act of 2017 are some of the

    biggest changes to our tax code

    since 1986. Farm producers should

    consult with their tax advisors to

    see how the law will affect them

    Farm Asset Depreciation Changes for 2018 by Rush Midkiff, Extension Specialist for Farm Business Analysis

    Page 2

  • Page 3

    Stop by the office to pick up

    your farm record books, IRS

    Farm Tax Guide and a new

    pocket calendar for 2019!