Agricultural income often rises and falls based on weather, pricing, and yield. In 2026, proactive income and expense timing can help smooth taxable income and reduce the risk of large tax spikes during strong years.

Equipment and infrastructure purchases should support both operations and multi‑year tax planning. Immediate expensing may feel attractive, but preserving depreciation for future high‑income years can sometimes deliver greater overall benefit.

Many agricultural tax benefits are lost not because they’re unavailable—but because documentation is incomplete. Good recordkeeping throughout 2026 is essential to fully benefit from energy, fuel, conservation, and disaster‑related incentives.