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Friday, October 3,2014

IRS extends drought deferrals

by WLJ
Livestock producers who sell more livestock than they otherwise would because of drought are allowed to defer tax on the extra gains from those sales. To qualify, the livestock generally must be replaced within a four-year period. The IRS is authorized to extend this period if the drought continues, the agency stated.

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Friday, October 3,2014

Crunch time for beef demand

by Chris Clayton - DTN
Beef demand has been a pleasant surprise so far this year. Wholesale and retail beef prices have increased fast enough to maintain decent margins for beef packers and allow feedlots profitability for the first three quarters of the year.

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Friday, October 3,2014

BVD testing could pay off big

by WLJ
Cow infertility, early embryonic death within 42 days of gestation, aborted calves and calves born with skeletal abnormalities, can all occur in a BVD-infected herd, he added. When BVD enters feedlots and stocker units, it can suppress the immune system of calves and result in issues with bovine respiratory disease.

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Friday, October 3,2014

Keep Grandpa out of prison

by DTN
First of all, the young couple will insist on a legal transfer of title. There is a deed to record that is on public record. When the closing does occur, the title company or attorney will file a 1099 tax form to the IRS, which is required on real estate sales transactions.

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Friday, October 3,2014

Climate report data shows warming; debate continues

by Traci Eatherton, WLJ Managing Editor
In 2013, the vast majority of worldwide climate indicators—greenhouse gases, sea levels, global temperatures, etc.—continued to reflect trends of a warmer planet, according to the indicators assessed in the State of the Climate in 2013 report, released by the American Meteorological Society.

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Friday, October 3,2014

Record calf prices boost bottom line

by WLJ
If you choose personal use, one option Johnson said is to start or increase the family’s emergency savings. “When making this decision, ask yourself, ‘Do I have enough money set aside in case of an emergency and I can’t work?’ Having enough money for three to six months of household fixed expenses is always a smart idea,” she said.

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Friday, October 3,2014

Extending fall grazing with cover crops can halve your feed costs

by WLJ
In early August the Nicklas family no-tilled a seven-species cover crop grazing mix into wheat stubble. With the great growing conditions they have received, they started grazing the 16-acre field with beef cows this month and will continue into early winter as long as Mother Nature will allow.

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Monday, September 29,2014

Generosity leaves lasting impression on ag

by Traci Eatherton, WLJ Managing Editor
As we approach the one-year anniversary of the infamous October 2013 blizzard named Atlas, producers in the area are tuned into weather reports, praying there won’t be a repeat performance.

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Monday, September 29,2014

Cattle on Feed report neutral to bearish

by Kerry Halladay, Associate Editor
Last week saw the release of two monthly reports relating to meat markets; the Cattle on Feed report and the Cold Storage report.

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Monday, September 29,2014

White house action on antibiotic resistance

by Traci Eatherton, WLJ Managing Editor
President Barack Obama’s President’s Council of Advisors on Science and Technology (PCAST) issued their report, at the request of the president, on combating antibiotic resistance. On Sept. 18, he issued an executive order to implement recommendations from PCAST and create a task force and presidential advisory council to combat antibiotic resistance.

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