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EC Nebraska | Go sign up for the new go around of PPP. It sound like you should qualify if any of us do.
Oh, and that 40% he's talking about in the video is of net farm profit, not gross revenue. In other words, The total of lines 4a and line 6a, on average, is 40% of line 34 on the schedule F. Guys in Iowa that were wiped out by the Derecho in August may have a pretty big line 6a.
You can use line 9 to calculate your PPP. 20.8% of the first $100K of line 9.
Edited by NE Ridger 1/10/2021 11:07
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Farms on welfare
