Ag Queen Podcast | Episode 98 | Ag Taxes
Keaton Dugan, senior manager at Pinion Global, shared insights into his leadership role in managing commodity crop services, which encompass tax audits, land advisory, and risk management. He underscored the critical value of long-term tax planning for farmers, urging them to prioritize future financial goals rather than focusing solely on annual tax minimization. Dugan outlined several strategic approaches, including deferred grain contracts, crop insurance deferrals, and bonus depreciation. He also emphasized the necessity of maintaining precise records, engaging in timely communication with CPAs, and understanding how pre-paid expenses and capitalized assets influence overall tax strategy.
