This is a year when you will find farmers who were aggressive in marketing early and pushed sales from 2014 into 2015, and then there are those that were hoping for better markets and have very little grain marketed ahead. One of the brighter spots in the livestock sector is the cow/calf producer, who should also have a good year, but probably not as good as 2014.

Those farmers with good in­­comes will be looking for deductions.

One of the most used deductions in past years has been the Section 179 expense election. In 2014, the amount available was $500,000. For 2015, it is $25,000. It is...