Also referred to as a profit and loss statement. By combining these elements, the income statement illustrates just how much income your company makes or loses during the year by subtracting cost ...

A staggering 345% increase in government payments — rising from $9.3 billion in 2024 to $42.4 billion in 2025 — is the key ...

USDA is projecting that net farm income will increase sharply this year, largely due to an infusion of $31 billion in ...

Various farm programs as established by the Farm Service Agency have various limits based on the farmer’s adjusted gross income (AGI). However, some of these programs also allow for either a ...

Many TCJA provisions provided important relief for farm families. While reductions in the corporate income tax rates were made permanent in 2017, income tax cuts for individuals began to phase out in ...

Gross income is an average of 2020 to 2022 items on your income tax return. However, we must wait on USDA for regulations to ...