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ARC and PLC payout highest ever
ARC and PLC will pay out record amounts to producers this year as the amounts were raised under last year’s Working Families Tax Cut Act. That is United States Senator Chuck Grassley (R-IA) referencing ARC and PLC, he says that the programs have been adjusted and now feature updated revenue floors and reference prices. The tax cut bill also increased payment limits, made crop insurance more affordable, and disaster aid more accessible. Grassley also says that farmers will benefit from added...
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
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
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
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
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
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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Right-to-repair settlement gets preliminary approval
A federal court has granted preliminary approval to John Deere’s proposed $99 million antitrust settlement involving farmer right-to-repair lawsuits. DTN said that clears the way for producers to review or challenge the agreement before final approval later this year....
NCBA says Prop 12 language critical for cattle producers
The National Cattlemen’s Beef Association says language dealing with California’s Proposition 12 law has become one of the most important livestock issues tied to the Farm Bill debate in Washington. During the recent NAFB Washington Watch event, NCBA’s Sigrid Johannes...
Younger consumers continue to cook more pork
Demand for ground pork continues to grow, driven by its versatility in the kitchen and its role as a gateway protein for younger consumers learning to cook with pork. Gen Z and millennial consumers are leading in both purchase frequency and annual spending. Neal Hull,...
Major progress on beef trade at U.S.-China summit
On Friday, May 15, China’s General Administration of Customs (GACC) granted a five-year registration extension to 425 overdue U.S. beef establishments in China’s Food Import Food Establishment (CIFER) system – a critical step toward restoring market access for U.S....
NWS cases less than 100 miles from U.S. border
There are over 1,800 active cases of the New World Screwworm in Mexico, and 15 of those cases are now less than 100 miles from the U.S. border. Rear Admiral Michael Schroyer, the associate administrator of the Animal and Plant Health Inspection Service, says that...
