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Farmers need Congress to act and extend tax provisions
The Tax Cuts and Jobs Act is set to expire at the end of 2025. If it’s not renewed, farmers and ranchers will face significant tax hikes. Samantha Ayoub, an associate economist with the American Farm Bureau Federation, said farmers will be put at risk if those provisions expire. Ayoub said several provisions in the Tax Cuts and Jobs Act were designed to boost economic activity and encourage investments. While some progress has been made on making these provisions permanent, Ayoub said there’s...
USDA report shows lower old crop export sales
Weekly export sales were soft across the board for the week ending April 8th.The U.S. Export Sales Report on Thursday showed old crop corn sales bearish at 327,700 metric tons and new crop at 52,600 tons with some cancellations noted. Allendale broker Greg McBride...
Shell Rock Soy Processing receives air-quality permit
We know that there is high demand for American and Iowa soybeans. You can hear about it practically every time you hear the markets. The key is to get more processing done closer to home, and that is where Shell Rock Soy Processing (SRSP) comes in. It will offer a new...
USDA cancels Farmers to Family Food Box program
Agriculture Secretary Tom Vilsack told House lawmakers Wednesday the Department of Agriculture is ending the Farmers to Families Food Box program.Representative David Valadao, a California Republican, stated, ?although it wasn?t a perfect program, this program...
Canadian Prairies in need of rain
The Canadian Prairies, especially much of the southern Prairie region, have received less than half of its average precipitation and there are no storms forecast in the near future.According to Bill Campbell ? President of Keystone Agricultural Producers in Manitoba ?...
Iowa lawmakers eliminate Missouri River Authority
Both chambers of the Iowa Legislature have approved a measure that would dissolve a Missouri River commission that was established in the early 1990s.Created in 1991, the Missouri River Preservation and Land Use Authority existed to develop comprehensive plans for the...
Waiting for the right planting conditions
It?s been dry but cool this week across Iowa and farmers are trying to make that big decision on when to start planting. Wyffels Hybrids is providing resources to help farmers make those early spring planting decisions. Wyffels Agronomy Manager Eric Wilson says they...
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Secretary Naig announces funding for 17 urban water quality projects
Iowa Secretary of Agriculture Mike Naig has announced that 17 urban water quality projects will receive funding from the state?s Water Quality Initiative. The Iowa Department of Agriculture and Land Stewardship (IDALS) will provide financial and technical assistance...
What are the chances we make our corn production goals?
It?s already been talked to death before the seeds were even in the ground. Producers all know that we can?t afford any preventable losses in production this year. So, what are our chances of getting to our production goals?USDA has set a lofty corn production goal...
Opening Market Podcast – Jim McCormick AgMarket.Net 4-27-22
Markets are continuing to react to weather and outside market pressures. Jim McCormick of AgMarket.Net talks with Dustin Hoffmann about this and the situation in the livestock markets.
Status of cattle market reform: Senate
Cattle market reform bills are moving in both chambers of Congress. Yesterday, the Senate Ag Committee held a hearing on the situation that just a small handful of companies control roughly three-fourths of the marketplace, and what can be done to encourage more...
Trade issues are still at the forefront
Trade is a moving target, and it takes the ability to adapt to be successful. It can be affected by government regulations, geopolitical disagreements, other trade agreements, price, product availability and so much more.The trade issues of today are not going to be...
