The dust hasn’t yet settled in Washington, D.C., but farmers can count on scoring some significant tax victories in legislation designed to avert the fiscal cliff. Chief among them are provisions renewing generous writeoffs for equipment purchases and permanent exemptions that spare moderatesized farm estates from federal tax.
The legislative delegations from North Dakota, South Dakota, Montana and Kansas sent a joint letter to President Barack Obama, urging him to refrain from declaring an emergency on the Mississippi River due to economic losses from reduced barge traffic.
South Dakotan Bob Metz farms so close to the state line, his post office box is based in Minnesota. It’s a good thing he lives on the right side of the border, however. Metz and wife Karen want ownership of the farm his ancestors homesteaded more than 125 years ago to stay in family hands.
The calculator was developed for anyone working with livestock rations—including producers, nutritionists and extension agents—and was designed to be a tool that will assist them in evaluating feedstuffs that are available to them, according to...
Thanksgiving to Valentine’s Day ranks as the normal seasonal low for diesel fuel prices and the best fuel buying opportunity of the year, based on five-year averages. But before you dive into year-end purchases, consider 2012-13 has been anything but average.
Fewer grain farms are likely to be held hostage by their debt loads should today’s Golden Era end abruptly. Unlike the 1980s, America’s grain producers have bolstered an important equity ratio since 2007 that will help them withstand a return to thinner profits or higher interest rates, a recent study by AgriSolutions found.
A major weakness in the U.S. policy for biofuels has been the failure to develop commercial processes to produce fuel from cellulosic feedstocks, given the assumption promoted by the last several administrations that huge quantities of fuel could be produced efficiently from feedstocks “that do not compete with food production.
The nation’s row-crop harvest continued to run well ahead of normal this past week while emergence of the winter wheat crop was slightly behind normal, according to USDA’s weekly Crop Progress report. Release of the report was delayed until Wednesday due to Hurricane Sandy.
Many producers will receive multiple payments on private crop insurance on top of record prices for the crops they did harvest. Any crop insurance deferral election must cover all proceeds received within the year of the disaster. It is not possible to defer a portion or to be selective among different payors.
Interest rates presented by Farm Credit Services of Mid-America serving farmers in Kentucky, Ohio, Indiana and Tennessee. Rates change daily, are subject to qualifying conditions and may carry pre-payment restrictions. For details, visit:.