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Friday, March 1,2013

A true sequestration nightmare

by DTN
If Congress fails to head off the approaching sequestration cuts and USDA is forced to furlough meat inspectors, John Harrington’s “Plan B” suggestion is to use members of Congress—such as Reps. Nancy Pelosi and John Boehner—as substitute meat inspectors.

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Friday, February 22,2013

Meat from cattle up to 30 months old now sold in Japan

by DTN
Holding company Seven & I Holdings imported 3 tons of meat from U.S. cattle aged up to 30 months for sale at its Ito-Yokado and York-Benimaru supermarket chains. Three Ito-Yokado stores in Tokyo started sales Feb.

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Friday, February 22,2013

Weed concerns go global

by DTN
Nearly 300 weed scientists from 33 countries are Down Under last week, digging into the science of herbicide resistance. Stephen Powles, Australian Herbicide Resistance Initiative (AHRI) director, told DTN in an interview that the evolution of herbicide resistance in weeds poses a real threat to global food production and security.

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Friday, February 22,2013

Ag groups wary of new CFTC rule

by DTN
Portions of a proposed CFTC rule to enhance the protection of customers’ margin funds could make hedging prohibitively expensive for farmers and ranchers and the small- to mid-sized futures commission merchants that serve them, industry representatives fear.

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Friday, February 15,2013

Land inflation is no cushion; paper wealth can vanish

by DTN
Optimists have contended that the surge in farm net worth will cushion any blow should land values correct any time soon. Some economists believe farmland owners may feel the fall, but they won’t take farm banks down with them like they did in the 1980s.

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Friday, February 15,2013

USDA warns furloughs could affect packing industry

by DTN
In wide-ranging comments after his speech on the sequestration and the prospects for a new farm bill, Vilsack said the sequestration, an across-the-board cut in government spending set to go into effect on March 1 if Congress does not change it,...

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Friday, February 15,2013

Agenda misses rural America; president doesn't touch on agriculture

by DTN
In Washington, the president laid out a liberal-oriented agenda that included proposing to raise the minimum wage, emphasizing the need to address climate change and promote clean energy. The president advocated spending on infrastructure and education and passing immigration reform.

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Friday, February 8,2013

Kansas City floor to close

by DTN
Farmers and traders have always been more concerned about keeping the wheat contract committee intact than keeping the pit open, Gilpin said, and CME has agreed to keep that committee intact for at least three years. The contract committee gives physical users of wheat input on the contract terms, a role they’d like to keep.

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Friday, February 1,2013

Dotting I's & crossing T's

by DTN
This is the time of year when farmers are dealing with taxes and other financial paperwork. It’s also the perfect time to address those important “perpetual” tax documents that get outdated. This is important defensive medicine. The IRS will create havoc when your paperwork does not match current transactions.

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Friday, February 1,2013

No more estate tax melodrama

by DTN
For the children of a 75-year-old couple who live in the Great Plains, the paperwork dash was a little too close for comfort. Their parents had put off the finishing touches on an estate plan until Dec. 31 last year, their son said.

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