Page 34 - CFANOct13

OCTOBER-NOVEMBER

October 21
October
October 30

Small Farmer Networking Meeting
Haines City Farmers’ Market
18, 19, 25 & 26

Stop by Railroad Park in down- Haunted Trails at the Florida
UF/IFAS Extension Polk County, in
town Haines City and check
partnership with H.E.A.R.T. Institute, will host
out all the great local produce Agricultural Museum

a Southwest Florida Small Farmer Networking
and gifts available, held every Magic shows, carnival games,
Meeting at H.E.A.R.T. Institute, 13895 Highway 27, Lake Wales, FL Wednesday from 8 a.m. to 2 and haunted house provide spine-
33859. There is no charge to attend this program. For more p.m. For more information, call
tingling fun for all ages. A variety
information or to register, please call (863) 519-1049.
(863) 421-3700.
of food and drinks will be avail-
able for purchase. Please come

in costume if you like....plenty of
folks do. Be sure to wear sensible October 31
November 9 & 10
November 7
November 9
shoes since you'll be walking and
Happy Halloween!
Nayeriden Ranch Fundraisers
Winter Haven Farmers’ Market
Lakeland Downtown
you never know what might be
lurking in the sands beneath your Help support the efforts of Nayer- Want to try some of the cook-
Farmers Curb Market
feet. For more information, call iden Ranch for animal rescues, ing ideas from PAGE 42? Then
The Lakeland farmers market is
(386) 446-7630.
rehabilitation, sheltering, and head down to the farmers’ market
restoration by donating at these for some local, fresh produce. open every Saturday (except
fundraisers. Come out Saturday Held weekly on Thursdays, from August), from 8 a.m. to 2 p.m., in
the street at the intersection of E.
and Sunday to Clermont Eques- 8-5 p.m. For more information,
trian Feed and Tack from 9 a.m. contact Audrey McIntosh at (863) Pine Street and N. Kentucky Av-
to 4 p.m. at 750 W Desoto Street 291-5870.
enue. Enjoy produce from farmers
plus resale produce, artisans and
in Clermont. Come out Saturday street food, music and more. For
evening from 7-9 p.m. for a rodeo
at Kissimmee Sports Arena, more information, contact Becky November 23
Abel, LDDA Coordinator at (863)
located at 1010 Suhls Lane in 687-8910 or visit www.down- FFA Firetower Run A Muck 5K
Kissimmee. For more informa-
tion about these fundraisers and townfarmerscurbmarket.org.
Come out and have fun in the muck
HERE’S A GLIMPSE OF
for a good cause at the FFA Leadership WHAT’S HAPPENING IN
how you can show your support, Training Center, 5000 Firetower Road in YOUR AG COMMUNITY.
call Nayeriden Ranch at (407)
412-4194.
Haines City. The proceeds from the event To view more events like the ones
will support FFA students around the state. you see here, visit our website at
For more information on how to register,
www.FloridaAgNews.com
and click on our AgriCalendar.
call (863) 439-7332 or visit www.flffa.org.

TAX REMINDERS FOR YOUR AG OPERATION, PART I

IN THE WORLD OF TAXES, ifthe income, regardless of whether or not agribusiness activities are reported

ag operation is owned by a sole proprietor you qualify to itemize your on Schedule F of Form 1040 (not

(be it an orange grove, strawberry crop, fish deductions.
Schedule C). In my next column,
farm, or cattle ranch), then that entity is • Your net operating losses can be I’ll dive deeper into a few differ-

considered a small business. Here are some carried forward or backward.
entiations between ag operations
important considerations to remember:
• Any workers hired will be subject to and traditional small busi-

• Your ag operation can deduct all ex- payroll tax withholding and matching nesses that mean a tax by STEVEN E. CRISMAN
penses that are considered “ordinary (except when they are independent break for farmers.

and necessary.”
contractors).
• As a farmer, grower, or rancher, the • When it comes to costs of goods

net profit (calculated on schedule SE) sold, here’s a special consideration for
Bio: Steven Crisman is the managing partner of Cross, Fernandez & Riley, LLP’s (C/F/R) Winter
will be subject to the self-employment livestock: You can deduct your costs
tax.
on any livestock sold for resale after Haven office and leads their Agriculture Practice Group. He primarily serves the agriculture, manu-
facturing, warehousing, and distribution industries. He has specific experience with citrus growers,
• On Form 1040, retirement plan you sell the animal(s), not after your cattle ranchers, citrus and other horticultural nurseries, citrus harvesters and other support industries
contributions(such as to an IRA) purchase it.
as well as watermelon, blueberry and other growers. In addition, Steve provides comprehensive tax
can be deducted as an adjustment to
It’s also important to note that these
and estate planning, attestation and business succession planning services.

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