NDSU Extension Service Farm Economist Ron Haugen shares some items to note for planning 2017 tax returns.

["Producers must do tax planning before the end of the year based on the information known at this time.", ""]

It is best to try to spread out income and expenses so you don’t have abnormally high or low income or expenses in any one year.

Farmers and ranchers have until March 3, 2025, to file their 2024 income tax returns without penalty if they have not made estimates.

Agricultural producers should do tax planning before the end of the year.

When tax planning, it is best to start with year-to-date income and expenses and estimate them for the remainder of the year.

Agricultural producers should do tax planning before the end of the year.