Depreciation is the reduction in the value of business equipment over time, which impacts both taxes and financial statements. Kendall Kunelius and Rebecca Dube review depreciation with Sam Stoddard from Farm Credit East. They discuss special depreciation methods, building leases, and the importance of accurate record-keeping and financial management for farmers.
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Show notes:
Farm Credit East: https://www.farmcrediteast.com/
Samantha Stoddard: samantha.stoddard@farmcrediteast.com
Harvesting a Profit: https://www.farmcrediteast.com/en/FINANCING/Beginning-Farmer-Programs/Harvesting-a-Profit
Cornell Cooperative Extension: https://cals.cornell.edu/cornell-cooperative-extension
UNH Cooperative Extension: www.extension.unh.edu
Generation Next at Farm Credit East: https://www.farmcrediteast.com/en/FINANCING/Beginning-Farmer-Programs/GenerationNext
SCORE: https://www.score.org/
Women in Ag Newsletter signup - https://unhoutreach.tfaforms.net/217751?CID=701G0000001AiKCIA0
Kendall Kunelius – kendall.kunelius@unh.edu
Rebecca Dube – rebecca.dube@unh.edu
