Are there any farmers out there looking into applying for a loan with the PPP stimulus package?
Don't qualify because we had a loss last year. Couldn't combine 1/3 of our crops. Then the genius government come up with a new program wh...More
Does anyone have updates on this given that it has been 2 months? mainly; as a sole proprietor can I apply and use "family living" payments...More
Yes. Have applied for and received loan. Helps keep two employees paid. My pay is not a factor since I take a draw and not a guaranteed paym...More
I am sole owner of farm pay my daughter-in - law for spring and fall work do I qualify
Maybe, check with the bank or Farm Credit. All the loans are processed through your lending institution. If she's W2 than almost definitely....More
When I looked at the program on the website, one of the questions was if you were a farmer. There were like five questions that would disqua...More
Farming is disqualified from the EIDL grant but not the PPP loan.
One program disqualifies production Ag. You are eligible for payroll protection.
That was changed
I tried, but my banker told me I didn't qualify. No employees, basic setup, pay myself but nothing formal.
Try a Farm Credit. I think they will let you run it.
It’s based on the 2019 year, as well as 2 differing periods in the 2019 year...
Does anyone know how to claim self employment income? I know it is capped at $100k annual income, but how do you claim forgiveness? Do you n...More
That’s how we feel. Details are sparse and we figure the government is going to come out too late with them, like when it’s time to pay back...More
We are being told if you have H2A workers you can’t use the income on the loan?? Does anyone know anything about this ??
Employees must be US citizens to qualify.
I took over my in-laws family farm in January this year. Established an LLC to operate under, and have one other full time employee. I have ...More
We are doing it. Sending paperwork in tomorrow
I am a loan officer in western Kansas and we are accepting the PPP loans for farmers regardless of number of employees. The farmers are usin...More
Do you know if anyone in Ag has received payment yet?
It's based on payroll, not income
What if I had a loss last year
No you cannot. The lease expenses apply to the small business loan, which is different than the payroll loan. Ag not allowed to participat...More
Do you think we can use cash rent? We paid a lot of cash rent March 1st. Can I use those figures?
Why wouldn't you? farmers have been hit hard. The payroll portion will be forgiven. You will help your banker by stimulating his economy. I ...More
As of now we have no information on any farm program payments, if there will be any. But do you have any concern that it will affect your el...More
We have submitted our application and are waiting on approval. If you have employees and or pay yourself by W2, it is something you should r...More
Totally agree. I have advised some of my tax clients to apply.
We are. The bank sent us the paperwork but said it was really backed up. We are dairy.
U talking about the one with *** ?