December 2017
Call us at 800-741-3305 or 712-794-7992
Section 179 2017 Deduction Limit Remains at $510,000  Bird's Eye Benefits in Agriculture: Commercial UAV Expo  AgFiniti Adds New Comparison Features!   How Hydraulic Down Force Works   Happy Holidays from OPI   Come see HTS Ag at these events!  Minimize Shrink from Grain Drying and Aeration  Take Advantage of Our Customer Referral Program Today!

Section 179 2017 Deduction Limit Remains at $510,000

Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the full purchase price from your gross income. It's an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.

2017 Deduction Limit = $510,000

This deduction is good on new and used equipment, as well as off-the-shelf software. To take the deduction for tax year 2017, the equipment must be financed/purchased and put into service between January 1, 2017 and the end of the day on December 31, 2017.

2017 Spending Cap on equipment purchases = $2,030,000

This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar for dollar basis. This spending cap makes Section 179 a true "small business tax incentive" (because larger businesses that spend more than $2.5 million on equipment won't get the deduction.)

Bonus Depreciation: 50% for 2017

Bonus Depreciation is generally taken after the Section 179 Spending Cap is reached. Please Note: Bonus Depreciation is available for new equipment only; used equipment qualifies for Section 179 Deduction, but does not qualify for Bonus Depreciation.

The above is a general look at Section 179 for 2017 and is not meant to be tax advice. Please contact your tax advisor or visit here for more information about Section 179.
Bird's Eye Benefits in Agriculture: Commercial UAV Expo
By Cody Vanderholm, HTS Ag

I had the opportunity to go to Las Vegas earlier this month for the Commercial UAV Expo. There was a large wealth of information attained at the conference. When you walk through the convention hall and see all the companies and displays that are relative to the drone industry, your head is just spinning looking around to see who or what you want to look at more in depth.

I think as a business, we want to focus on what customers want and need help with and then how we can support them going forward. This can also be things that they don’t know they will need just yet. The drone market is multiplying faster than anyone ever thought and the practical use of them has come. That scares people. Change had always caused fear in the eye of people especially for farmers and other industries. This change is good. I will be the first to say that I was skeptical at first but the more I learn, the more I'm wheels up. (Pun intended.)

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AgFiniti Adds New Comparison Features!

By Ag Leader

AgFiniti, Ag Leader's cloud-based data management platform, continues to expand, adding valuable features to increase full-farm connectivity and ease the decision-making process for growers. Announced today, AgFiniti will offer the ability to compare reports of yield by hybrid, population and soil type within the platform.

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How Hydraulic Down Force Works

By Brett Buehler, Ag Leader

Simply stated, even plant emergence is the first step to record-setting yields. Even emergence begins with germination, where three key ingredients are required; moisture, warmth, and air. As these ingredients vary throughout a field, so does the time required for a seed to germinate and emerge.

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Happy Holidays from OPI!

The team at OPIsystems and OPI-Integris wishes you a wonderful holiday season and prosperity throughout the coming year. Thank you for your continued support and partnership. We look forward to working with you in the years to come.

Come see HTS Ag in Booth 925 at the Iowa Power Farming Show! The show is January 30 — February 1, 2018 at the Iowa Events Center in Des Moines, Iowa.

HTS Ag will be at the Agribusiness Showcase & Conference on February 13 — 14, 2018 at the Varied Industries Building at the Iowa State Fairgrounds in Des Moines, Iowa.

Check out Booth 1305 to see HTS Ag at the Triumph of Ag Expo! The show is at the CenturyLink Center in Omaha, Nebraska on February 28 — March 1, 2018.

Join HTS Ag at the Hawkeye Farm Show on February 27 — March 1, 2018 at the UNI Dome in Cedar Falls, Iowa.
Minimize Shrink from Grain Drying and Aeration
By Dave Crompton, CEO, OPIsystems

Dry grain stored at cooler temperature has the minimal risk of spoilage from mold contamination and can be safely stored for longer periods (6-12 months). Freshly harvest grain is dried to safe storage moisture levels and then aerated (cooled) to nearly 35°F temperature for long term holding. For in bin-drying, warm and dry air with high water holding capacity is preferred since cool air has lower drying potential due to its reduced water holding capacity.
 
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Take Advantage of Our Customer Referral Program Today!

We love referrals from our valued customers! When you refer a new customer, choose from these reward options:
  • Discount on an HTS Ag Annual Service Plan!
  • A gift card to a farm supply Store!
  • A gift card to one of your favorite eateries!
(Reward amount is based on value of new customer purchase)

Download the referral form here
HTS Ag Sales
sales@htsag.com

HTS Ag Support
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HTS Ag Admin
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HTS Ag Team

Adam Gittins
Shiloh Olmstead
Jim Goodlaxson
Shari Wahling
Ken Sprague
Tanner Weed
Terry Johnston
Cody Vanderholm
   
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653 Oak Road  •  Harlan, IA 51537
Phone: 800-741-3305