Sacramento Valley agriculture
Rice Harvest in the Sacramento Valley
Rice harvest is underway! As usual, there’s concern about the weather, but harvest started last month with the early maturing varieties and will continue right into November. It’s fun to see all the videos of rice harvesting rolling onto the internet. Most of those videos are from the Sacramento Valley, where most of the rice in the U.S. is grown. All I have to do is take a little drive to see some live action harvesting, practically in my own backyard.
Bankruptcy Equipment Appraisals: Get Legal Advice Early
Bankruptcy equipment appraisals in the Sacramento and Northern California area are not my favorite part of the equipment and machinery appraisal business; nevertheless, I regularly find myself on the phone with either a business owner or a bankruptcy attorney, working out the details for a Forced Liquidation Value equipment appraisal for an agricultural business, a manufacturing plant, factory, construction or excavating business, or a speciality production shop.
If you’re a business owner wondering whether it’s time to talk to a equipment appraiser regarding an appraisal of your business assets and equipment–whatever kind of business you may be in–do yourself a favor and call a bankruptcy attorney before you call me.
‘Tis the Season for Cost Segregation Studies
Tax Season Cost Segregation Studies: Several CPA firms in the Sacramento area have contracted with me this year to do Cost Segregation Studies not only for their own real estate, but also to provided these tax-saving studies for their clients. So far this tax season I’ve looked at law offices, food processing facilities, optometrist offices, CPA complexes, optics labs, agricultural properties, and a variety of rental office complexes—all of these business owners will benefit from tax savings when they submit their cost segregations studies to the IRS.
Appraising Commercial Trailers in a Demanding Market
Recently I prepared an ag equipment appraisal for a transportation company in the Sacramento Valley. The bulk of the equipment was rolling stock–trucks and agricultural trailers. During my research, I realized that the commercial trailers had increased tremendously in value as the years rolled by. Hopper trailers, in particular, are trading at premium prices right now, and not just in California. Part of the reason trailers don’t lose value as quickly as other agricultural and commercial vehicles is obvious: no engines to break down, no odometers, no hour meters and very few moving parts mean that maintenance is less complicated.
Agricultural Cost Segregation Studies: What’s Available for Depreciation?
Agricultural Cost Segregation Studies are the up & coming smart tax move here in the Sacramento Valley, agricultural center of California. And it’s about time: Although cost segregation studies have been available for decades, they’ve only recently hit the mainstream. Agriculture business folks in Northern California are realizing what a great benefit these studies can be to their bottom line.
The general concept of Cost Segregation Studies, in which personal property—such as removable flooring, plumbing and electrical components connected to personal property—are segregated from the real property of foundations, walls and other structural components, works well for properties such as office complexes, apartment buildings, single-family rental units, manufacturing plants or shopping malls.
