AgCentric Executive Director Keith Olander says this year’s tax season and planning for 2023 may be more challenging than years past. Supply chain issues remain and rising input costs present new problems for farmers and ranchers when planning purchases. “If we want a combine or tractor, we can put it in a cashflow, but we can’t guarantee that it’s even available,” said Olander. “If you’re looking at a tax perspective and wanting to sign by December 31, you probably need to plan forward more this year than in the past.”
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