Taxes and Finance
Jennie Schmidt brings a vital view to food production and consumption.
As the supply chain snarled, prices spiked. Prior to Hurricane Ida, a New Orleans barge of urea to ship in September to destinations across the U.S., Canada traded at $450 a ton. After, the price jumped to $552 a ton.
Work continues on cleaning up from Hurricane Ida with logistical problems remaining for moving grains. Now, Risk Management Solutions is estimating total insured losses between $31 billion and $44 billion.
Paul Neiffer says one of the biggest benefits in the House’s proposed plan is farmers won’t be hit with increased taxes at death, as the transfer tax is no longer included and the full step-up in basis remains.
Demand for ag workers has employers turning to the H-2A program more often. New data from the Department of Labor shows the highest rate of growth is in the fruit, nuts and vegetable categories, up more than 330%.
As we face challenges heading into the 2022 crop year due to skyrocketing input prices, it is imperative we understand the environment in which we are making decisions.
“Pipeline” is used to describe processes from petroleum refining to manufacturing X-boxes. Stuff can go in only as fast as it comes out, but when one pipeline part has a problem, it gets complicated, says John Phipps.
Farmers seem to be slightly more optimistic about current economic conditions, but concerns about inflation are growing, according to the latest Ag Economy Barometer from Purdue University and the CME Group.
Less than a week after Louisiana was ravaged by Hurricane Ida, farmers and ranchers are assessing the damage with recovery gets underway. And now a disaster relief fund is aimed to provide financial help.
Net cash farm income, which tracks producers’ cash flow, is forecast by USDA at $134.7B for 2021. That number is up $6.4B from February’s forecast and would be an increase of 21.5% from 2020’s $110.9B.
The future of USDA’s CFAP is unclear with biofuels groups and pork producers are questioning when and if they’ll get paid. As USDA continues to divvy out relief funds for agriculture, reports show funds are running low.
Hurricane Ida caused “significant damage” to a Louisiana grain export elevator owned by Cargill Inc. Ken Erickson, Senior VP agribusiness with IHS market, says the Hurricane’s potential impact on exports is huge.
USDA is out with its new ag export forecast for both this year and next, and it’s showing exports could hit $173.5 billion in 2021, $4 billion more than 2020, due to higher livestock, poultry and dairy exports.
Each week, Paul Neiffer visits with a farmer or someone involved in the ag industry on “The Farm CPA Podcast,” brought to you by Top Producer.
Livestock producers have seen their share of ups and downs over the last few years: trade wars, pandemic-spurred supply chain disruptions, labor shortages and high feed costs.
Shipping issues continue to surface. The latest is in China’s Ningbo-Zhoushan container port, which is the third-busiest in the world, and has been partially shut down for six days, with no sign of reopening yet.
Bayer filed a petition with the U.S. Supreme Court to reverse an appeals court verdict that upheld damages to a customer blaming his cancer on the Bayer’s glyphosate-based weedkillers.
Tyson Foods cannot increase prices for chicken and prepared foods fast enough to keep pace with rising costs for raw materials like grain, CEO Donnie King said Monday, reporting higher-than-expected quarterly earnings.
A new look at farmer sentiment shows sentiments appear to be stabilizing some in farm country. The new July Purdue CME Group Ag Barometer data comes on the heels of a sharp two-month decline.
The dollar lurched lower on Monday, back towards the one-month lows hit last week when it became clear the Fed was in no hurry to tighten policy.
ADM reported an almost 52% rise in second-quarter profit on Tuesday, as strong crop export demand and oilseed crushing margins boosted the U.S. grains merchant’s core agricultural services business.
Are you struggling to hire? You’re not alone. The 2021 Farm Journal Labor Survey found most farm employers and ag retailers are finding it harder to fill positions.
The Green Book that President Biden released this year has several tax provisions that may negatively affect your farm operation. Let’s dive in.
Like it or not, delivering consistent excellent value is foundational but not transformative.
Mortgage underwriters often have trouble figuring out how to fit farmers into conforming loan requirements.
U.S. inflation rose 5.4% in June, marking the highest annual rate since 2008. However, some good news may be on the horizon as a survey shows economists expect inflation is to ease off historic highs later this year.
Fire risk is a huge danger for many farms, but it is never too early to prepare. Learn basic prevention techniques to minimize your chances of being impacted by wildfires.
Winter weather might be fun for the kids, but for farmers it can be the exact opposite. Learn what you can do to plan ahead for the dangers of winter weather on the farm.
The shipping snafus are gaining steam, as congestion along one major rail system now causing shippers to halt the hauling of ocean shipping containers from the West Cost. That’s as ocean freight costs jumped 333%.
Machinery fires are no fun for farmers. Learn how to keep your machinery cool this summer.