Archives for April 2019

Dairy Margin Coverage and how it may help your borrowers

By: Joleen Hadrich, Associate Professor, Extension Economist

Dairy Margin Coverage (DMC) is a voluntary federal program available to dairy farms across the country, which can be used to help stabilize dairy farm revenue.  DMC replaces the previous Margin Protection Program (MPP).  DMC makes payments to enrolled farms when the national average income over feed cost margin falls below the coverage level selected by the farmer. A number of coverage levels are available for dairy farmers with varying premium rates. 

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Form 1040 Updates

Tax Time - FINPACK

The Tax Cuts and Jobs Act of 2017 (TCJA) is a major piece of tax legislation that has brought about changes to tax brackets and filing rules for individuals and businesses.  The TCJA has also lead to changes on Form 1040, the Individual Income Tax Return form, for 2018. With the changes to this tax form, the most recent FINPACK release – 5.10.4.1988 – includes the updated 1040 form.   This update will align with the changes you will see on the 2018 1040 Form.

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