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Friday, June 20,2014

Senate debates ag appropriations bill

by DTN
It is unclear how long the Senate debate will last because the agriculture bill has been packaged with two other appropriations measures in what is being referred to as a “minibus” as opposed to the omnibus bills that sometimes fund the government when Congress doesn’t pass individual appropriations bills.

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Friday, June 20,2014

Keystone action coming

by DTN
Though a decision on the proposed Keystone XL pipeline that would traverse farm and ranch lands in the Nebraska Sandhills is unlikely to come from the Obama administration ahead of the November elections, a U.S.

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Friday, June 6,2014

Western Hemisphere corn demand more than doubled

by DTN
“All countries in the region are the same or a little higher (in purchases), and it’s all related to price,” said Kurt Shultz, the U.S. Grains Council’s Regional Director for the Western Hemisphere. “Free trade agreements in some countries have opened up the door.

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Friday, May 30,2014

What do you do when IRS says you aren't a business?

by DTN
a hobby loss issue. But individuals with a substantial income from another source who undertake a sideline farming activity and use cash method accounting deferrals to create a negative, need to recognize that Section 183 can allow the IRS to eliminate the loss.

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Friday, May 16,2014

Brazil says BSE case likely 'atypical'

by DTN
The ministry made the announcement after receiving the results of tests conducted on samples from the animal in the U.K. In truth, the report said there was no conclusive diagnosis, but the government said details in the report reinforced its hypothesis that this was not a classic case of the disease, popularly known as mad cow.

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Friday, May 9,2014

Strategies to help manage your extra 3.8 percent tax

by DTN
The nightmare of the 2013 tax return preparation season was the new 3.8 percent net investment income (NII) tax. The good news is this tax only applies to the extent income on page 1 of the Form 1040 exceeds $200,000 single or $250,000 joint.

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Friday, April 18,2014

Livestock antibiotic use expected to be limited

by DTN
On Dec. 11, 2013, FDA announced implementation of the plan and asked the animal pharmaceutical industry to withdraw such drugs from production, as stated in its Guidance for Industry No. 213. In addition, FDA is requiring oversight by a veterinarian for use of antibiotics.

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Friday, April 18,2014

Guest Opinion

Reminiscing on farm equipment history

by DTN
I would imagine back in the late 1970s through the 1990s when many JD dealerships still tended to be family-owned, the range of John Deere Day events varied greatly. I can remember gatherings at the dealership both in the evening complete with a dinner and dance in the shop and also in the afternoon with a lunch and no dance.

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Friday, April 18,2014

U.S.-made farm equipment exports fall 6 percent

by DTN
On the positive side, exports to Asia increased 5 percent for a total of $1.2 billion while exports to Canada increased 6 percent for total of $4.3 billion. The increase in Asia was aided by China having government polices still supportive of agriculture focusing on productivity and increasing farm income, he said.

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Friday, March 28,2014

Tax Q&A: how to defeat new 3.8 percent investment tax

by DTN
For higher-income individuals, a 1031 exchange may be particularly beneficial, as they will be able to duck the 5 percent increase in the capital gain rate, and will also avoid the new 3.8 percent net investment income tax.

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