Social Security taxes are a major and growing expense of operating a farm business. Self-employed farmers and family farm workers have some flexibility in managing cash income subject to Social Security. A basic understanding of Social Security benefits as well as costs is required to make a...

This summary and analysis of 357 New York dairy farm businesses demonstrates the use of cash accounting and accrual adjustments to measure farm profitability, cash flow, financial performance, and costs of producing milk. Traditional methods of analyzing dairy farm businesses are combined with...