Updates From the Field

Every year, River Valley Cooperative asks its over 3,300+ farm business owners to vote for representation in our boardroom. Ten of our member-owners serve on your River Valley Cooperative board, representing the rest of the owners. Iowa board members include Brent Daufeldt, Neal Keppy, Nick Novak, Matt Parrott, and Joe Sperfslage. Illinois board members are Brian Corkill, Randy Haars, Doug Nelson, and Ken Nelson, along with associate member, Thad Bramm.

 

To: All persons who, in the ordinary course of business, lease or rent tangible personal property

This bulletin is written to inform you of recent changes; it does not replace statutes, rules and regulations, or court decisions.

Effective January 1, 2025, if you lease or rent tangible personal property in the ordinary course of your business, you are considered a retailer subject to Illinois’ Sales and Use Tax laws, and you must register with the Illinois Department of Revenue (IDOR) and pay tax on your lease or rental receipts. See P.A. 103-592.

Seth Landwehr, Decision Ag Specialist

Harvest is in full swing, and it’s easy to look at the hybrid or variety planted as the sole dictator on yield. Don’t forget to also consider the fertilizer and chemical decisions made throughout the year that went into this crop. Make sure the hard work and time that you put into this crop doesn’t get forgotten or lost. Collecting harvest information across your farms is a great way to dissect this year’s decisions while analyzing next year’s to drive future decisions. Reach out if you would like help gathering your harvest information to help break down this year’s yields.