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Now is a great time for cattle producers to make succession plans

Now is a great time for cattle producers to make succession plans

Farm and ranch families across the country are beginning to realize that succession planning can’t wait any longer. Dr. Shannon Ferrell, an agricultural economist at Oklahoma State University said now is a great time to think about succession planning with the current strength in the cattle market. Dr. Ferrell said many people may not realize just how much work goes into succession planning. Dr. Ferrell said it’s vital to teach the next generation of ranchers why they do what they do on top of...

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Adjustments to the soybean balance sheets in USDA April WASDE report

Adjustments to the soybean balance sheets in USDA April WASDE report

The monthly WASDE reports from USDA provide a snapshot of the current state of U.S. and World Soybean Supply and Demand Estimates. World Agricultural Outlook Board Chair Mark Jekanowski notes the changes to the U.S. domestic use numbers in the April WASDE report. The...

Advisors urge farmers to use tax data for broader financial planning

Advisors urge farmers to use tax data for broader financial planning

Farm financial records can offer more than a snapshot of past performance: they can serve as a roadmap for future decisions, according to agricultural finance experts. As producers prepare tax returns for filing this week, advisors say the process provides an...

Nutrien programs offer revenue paths for Iowa growers

Nutrien programs offer revenue paths for Iowa growers

Iowa farmers looking for ways to improve profitability may have another opportunity through sustainability programs that reward management decisions already happening in many corn and soybean systems. Sally Fliss with Nutrien says the company’s FarmSmart programs are...

Rural America needs more ag tax professionals

Rural America needs more ag tax professionals

Tax season can be a stressful time of year, and that is especially true for farm country. As the number of tax preparers who are familiar with the unique complexities of agricultural income declines, a new program from Iowa State University is being developed to offer...

Rising farmer sentiment in March surprised some industry experts

Rising farmer sentiment in March surprised some industry experts

Despite rapidly rising input prices for farmers the March Purdue University/CME Group Ag Economy Barometer registered a rise in producer sentiment. Michael Langemeier, the director of the Center for Commercial Agriculture at Purdue University, says the rising March...

AFBF continues to push for new farm bill

AFBF continues to push for new farm bill

The American Farm Bureau Federation is urging Congress to continue work on a new farm bill. More than one month ago, the House Agriculture Committee passed the Farm, Food, and National Security Act on a bipartisan basis. Brian Glenn, director of government affairs for...

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No E15, farm aid expected in GOP budget bill

No E15, farm aid expected in GOP budget bill

Year-round E15 and additional farm aid are not expected to be included in a new GOP party-line budget bill. United States Senator Chuck Grassley (R-IA) says that the reconciliation bill will not include relief for farmers. According to Grassley, the White House has...

Dairy campaign targets more family use

Dairy campaign targets more family use

A new consumer campaign from Dairy Management, Inc. is designed to help families rethink the role dairy can play throughout the day. The Dairy Does More campaign is built around the idea that consumers often have blind spots when it comes to the foods they enjoy,...