Economics

wheat field

Ag overtime rules: Is there a workable solution?

By Jared King
CPA, Leffel, Otis & Warwick, P.S.

For many farmers in Washington state, paying their employees overtime pay has not been required in the past. No matter how long the day, employees earned their hourly pay rate. It was simple, convenient and predictable for the farmer and the employee. However, a November 2020 Washington Supreme Court case…

A good food fit

By Trista Crossley
Editor

As consumer awareness of where and how food is grown continues to increase, some farmers are finding success selling into their local and regional food systems. For more than 25 years, Colette DePhelps has worked with multiple partners in the Inland Northwest to develop community food systems and small farms…

wheat field during storm

First-person account

By Guest Author Antonina Broyaka

To be Ukrainian today is a huge challenge. It is a pain, but it is also a pride. The war in Ukraine has affected each Ukrainian family and even everybody around the world. I am pleased to share with you my survival story and tell about Ukraine first hand. I…

wheat field

Estate planning for farm ground

By John Kragt
Attorney, McGuire, DeWulf, Kragt & Johnson, P.S.

In the February issue of Wheat Life, I discussed what kind of entity farm ground should be held in. I have had several people follow up, asking how to transition their farm ground without setting up an entity like an LLC. While I believe an LLC has several advantages, it…

Ammo - Kohl

Looking ahead

By Trista Crossley
Editor

Last month, Dr. David Kohl warned producers that a period of extreme economic volatility is approaching, but along with the challenges it will bring, there will also be opportunities for producers who are prepared. “I think it’s a new era of prosperity if you follow a certain management mindset. If…

wheat field

Future uncertainty will require careful management

By Dr. David Kohl
President, AgriVisions, LLC

The financial bottom line will be a key element in any farm and ranch game plan in 2022 and beyond. While the past two years have been both financially and mentally challenging, managing through uncertainty has had a silver lining. Prices for many commodities increased dramatically prior to inflating costs,…

wheat field

Estate tax woes

By Guest Author Paul Neiffer

Farmers in Washington state face an extra tax at death that most other farmers in the U.S. do not. That is a Washington state estate tax. Oregon also has this tax, along with about 15 other states, primarily in the Midwest or back East. Even California no longer has an…

wheat field

ARC or PLC?

By Trista Crossley
Editor

Randy Fortenbery, a Washington State University agricultural economics professor, is well known for his presentations on the markets. He appeared last month in a 2022 Agricultural Marketing and Management Organization (AMMO) seminar, but he also writes a regular column in Wheat Life, which in this issue, is very similar to…

Man

Caution: Market opportunities ahead

By Trista Crossley
Editor

In the past decade, South and Southeast Asia have become one of the U.S. wheat industry’s most important markets, accounting for nearly a quarter of all U.S. wheat shipments. Despite some significant challenges over the past year, Joe Bippert, assistant regional director for U.S. Wheat Associates (USW), believes there is…

Farm Lease Agreement

Questions to ask before signing a farm lease

By Trista Crossley
Editor

As the end of the year approaches, it’s a good time for landlords to review their farm leases. The Center for Agriculture and Food Systems at the Vermont Law School has developed an online Farmland Access Legal Toolkit to provide a resource for both landlords and farm tenants. The toolkit…

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Ag overtime rules: Is there a workable solution?
By Jared King
CPA, Leffel, Otis & Warwick, P.S.
Talking about mental health awareness
By Howard McDonald
WAWG President
Why don’t you just…
By Howard McDonald
WAWG President
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