From Field to Filing Taxes: Smart Tax Strategies for Farmers
Monday, July 27, 2026 • 10:00 AM - 12:00 PM
VSU Randolph Farm
4415 River Road Petersburg, Virginia, 23803
Farming is more than a way of life—it’s a business with unique tax challenges and opportunities. This class is designed specifically for farmers who want to better understand how to manage, report, and maximize their agricultural income.
We’ll walk through how to accurately file all taxable income from the previous year, including navigating Form 1040 and farm-specific schedules. Tax forms can be complicated, but you don’t have to figure them out alone—we break everything down in a clear, practical way.
Are you operating a farm as a business or part of a partnership? We’ll cover how to properly report income, deductions, gains, and losses so you don’t miss out on valuable benefits. Many farmers underestimate the value of their operations—this class will help you recognize and claim what you’ve earned.
For those involved in agricultural nonprofits or community farming initiatives, we’ll also touch on filing requirements and how to stay compliant while continuing your important work.
Need extra support? We’ll introduce guidance on estate tax considerations for farm succession, correcting previous filings, reducing tax liabilities through abatement or exemptions, and reviewing past returns for accuracy.
Whether you’re new to farming or have years of experience, this class will give you the tools and confidence to handle your taxes more effectively—so you can focus on what matters most: your land, your work, and your future.
For more information, please contact Yowei Peralta at (804) 892-0282 or yperalta@vsu.edu
Virinia Cooperative Extension is a partnership of Virginia Tech, Virginia State University, the U.S. Department of Agriculture (USDA), and local governments, and is an equal opportunity employer. For the full non-discrimination statement, please visit ext.vt.edu/accessibility.