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1. Reporting Farm Income and Expenses
FS-2007-20, June 2007 — Livestock, produce and grain sales are common
sources of farm income.
Reporting Natural Resource Income
FS-2013-6, April 2013 - Development resources by means of a lease
creates tax consequences.
Ten Things to Know about Farm Income and Deductions
What 10 things should you know about farm income and deductions?
Best Tax Filer Tax Tips -Agriculture

2. Cancellation of Debt - Agriculture Tax Tips
Have you had a portion of a loan forgiven?
Disaster Area Losses - Agriculture Tax Tips
Has your county been declared a Federal Disaster Area?
Net Operating Losses - Agriculture Tax Tips
Did you have a really bad year?
Crop Insurance and Crop Disaster Payments - Agriculture Tax Tips

3. Are these payments taxable?
Farm Income Averaging - Agriculture Tax Tips
Is your profit greater than normal?
Prepaid Farm Expenses - Agriculture Tax Tips
Do you buy supplies in advance?
Soil and Water Conservation - Agriculture Tax Tips
Do you have an erosion problem?
Commodity Credit Corporation Loans - Agriculture Tax Tips

4. When does a loan become income?
Sales Caused By Weather-Related Condition - Agriculture Tax Tips
How can you report the income?
Fuel and Road Use Tax - Agriculture Tax Tips
Are you paying too much fuel tax?
National Tobacco Growers Settlement Trust Payment - Agriculture Tax
Tips
Are my settlement payments taxable?
Items Purchased for Resale - Agriculture Tax Tips
When do you deduct the cost of livestock and other items?
Patronage Dividends - Agriculture Tax Tips
Do you know what to do with your 1099-PATR?