Keaton Dugan | Pinion Global | Ag Taxes

Keaton Dugan, a senior manager at Pinion Global,  emphasized the importance of long-term tax planning for farmers, advising them to consider future needs and not just minimize taxes annually. Dugan highlighted key strategies such as deferred grain contracts, crop insurance deferrals, and bonus depreciation. He also stressed the importance of accurate record-keeping, timely communication with CPAs, and understanding the impact of pre-paid expenses and capitalized assets on tax planning.