Farm Business - General
Crystal Valley Cooperative said it was targeted in a ransomware attack in recent days, making it the second Midwestern farm-services provider in a week to be forced to take systems offline due to cybersecurity incidents.
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.
Improve labor management and even find a bit more time for yourself.
On Tuesday, Bill Northey weighed in with some perspective on the budget reconciliation bill, which is part of the Biden administration’s Build Back Better agenda.
The House want to eliminate discounts on non-business assets. Farms are business, but will farmland holdings also qualify as a business and get a discount.
For the tenth straight month Creighton University Rural Mainstreet Index remained above growth neutral.
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.
The House Ways and Means Committee plans on capping the Section 199A 20% deduction. We now confirm the plan is not to limit the DPAD from a cooperative deduction.
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.