AgDay
Hosted by Haley Bickelhaupt, AgDay provides the nation’s farmers and ranchers with the latest news, weather and business headlines, and features the people and places unique to the industry and small-town America.
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Latest News
In 1960, the Minneapolis Lakers were traveling back from St. Louis on their team plane. The plane lost electrical power soon after takeoff, and flying blind, the pilots finally found a place to land. It’s that spot in the middle of Carroll, Iowa, that helped create a safe landing.
The latest data from the eastern equatorial Pacific Ocean continues to show very little reason to expect a full blown La Niña in the next few months.
As you do your tax planning at year-end, be sure to review any assets you have held for at least a year to determine if your taxable income remains in the 15% tax bracket.
Jim McCormick, AgMarket.Net, says corn and soybeans slid on possible tariffs being placed on Mexico, Canada and China. Wheat ends higher on short covering.
Grain markets were lower in the overnight trade after President Elect Donald Trump brought up potential tariffs on Mexico and Canada. The markets digested that news and finished the day mixed.
“In hockey, like retail, the puck’s always moving, and to stay ahead of the puck, you have to skate to where the puck is going. For me, this whole move to FBN was about skating to where the puck was going,” says Dean Williams.
December might provide an opportunity. Another consideration is moving to no-till. Ferrie also addresses recouping dollars on ground that is going into solar projects.
Trump said he would impose a 25% tariff on imports from Canada and Mexico until they clamped down on drugs, particularly fentanyl, and migrants crossing the border, in a move that would appear to violate a free-trade deal.
Randy Martinson, Martinson Ag, says market reaction has been muted to possible 25% tariffs on Mexico and Canada and 10% on China on the first day of the Trump administration.
Trump’s ability to bypass Congress through executive orders provides him with a powerful tool to reshape SNAP and other welfare programs.