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Friday, December 13,2013

Avoid farming's tax time bomb

by DTN
Traditional year-end tax planning is all about deferrals—commodity revenue pushed to the next year and expenses accelerated into the current year. And the tendency is to set reportable taxable income below actual earnings. The result is a continuously increasing income deferral that becomes a tax disaster at retirement when it’s recognized.

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Friday, December 13,2013

China corn rejections unlikely to halt trade

by DTN
China’s grain buyers are likely to import more corn this year because of the dramatic difference between global corn prices and China’s domestic prices. “As of Dec. 5, the imported corn price is around $304 per ton compared to $406 per ton of domestic corn in south China’s Guangdong Province,” Wu said.

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Friday, November 22,2013

Modified distillers grains lowers forage intake on native rangeland

by DTN
“Even if you add energy, you don’t get as much of a response. The animal will still only be able to grow the amount that the protein will allow,” he said. “You can add minerals, vitamins, or other required nutrients, but protein is first limiting, it’s what’s holding them back the most.

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Friday, November 22,2013

I-9 audits on the rise

by DTN
The Department of Homeland Security’s Immigration and Customs Enforcement’s (ICE) most recent wave of I-9 audits is a grim reminder of the frustrating status quo that lies ahead for the agricultural industry now that immigration reform is off the table this year, farm labor industry representatives told DTN.

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Friday, November 15,2013

Few weeks left for farm bill

by DTN
Both the House and the Senate will be in session during that time. The House was out the week of Nov 4, but both chambers are scheduled to leave again on Nov. 22 for a Thanksgiving break and congressional aides have said they are likely to be out of session for two weeks.

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Friday, November 8,2013

Health insurance: play or pay?

by DTN
The “play or pay” lingo is a dilemma facing large employers on the question of providing health insurance. For those with 50 or more employees, there is the messy choice of maintaining employee health insurance under stringent rules (play) or eventually incur a $2,000 penalty per employee for not offering coverage (pay).

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Friday, November 8,2013

Outsource your agronomist?

by DTN
Farmers could outsource their agronomists in the near future, if weather insurer Climate Corporation succeeds in its latest product launch. Unlike traditional on-site crop advisers and field scouts, these agronomic experts include a team of PhDs with degrees in statistics, physics and applied math.

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Friday, November 1,2013

CFTC passes rules to keep another MF Global from happening

by DTN
It’s the residual interest provision—a section of commodities law that states one customer’s excess margin can’t be used to cover another’s deficit—that was at the heart of the controversy. CFTC softened the language and phased in the reporting requirements, which the commissioners believe less en.

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Friday, October 18,2013

Mexico genetically engineered corn ban limited

by DTN
“We [DuPont Pioneer] do not ‘market’ or sell transgenic seed in Mexico today, because it hasn’t been approved for commercial cultivation. Any Pioneer GMO products in Mexico are planted in strict accordance with the regulatory framework put in place by the government,” a spokes man.

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Friday, October 11,2013

Drought-weary farmers pump up land values

by DTN
It sounds counter-intuitive, but Great Plains irrigated farmland—not old reliable standards, like Iowa and Illinois—has been appreciating at the fastest warp speed the last few years.

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