Farm Business - General
During the 2022 Top Producer Summit, Top Producer will recognize remarkable farmers who have taken risks, built thriving businesses and given back to their communities.
A U.S. judge rejected Bayer’s $2 billion class action proposal to resolve future lawsuits alleging its Roundup weedkiller causes cancer, saying in a Wednesday order that parts of the plan were “clearly unreasonable.”
A White House listening session with vice president Kamala Harris focused on broadband connectivity. Missouri farmer Meagan Kaiser was one of six participants and spoke to the struggle for farmers and rural businesses.
Deferred payment contracts allow farmers to push income into 2022. This year may be even more important to use these contracts if tax rates increase.
Taxpayers were not required to payback premium tax credits for 2020. For 2021, you may have to pay it back but the amount is likely lower than in prior years.
Farmers who insured their crops and planted cover crops will now be eligible for a financial bonus from USDA. Not all crops are included in the new program, and acres need to be reported by June 15th.
The United Nations issued a warning this week as world food prices are rising at their fastest pace in a decade. Global food prices have risen for 12 consecutive months and now sit at their highest level since 2011.
The head of Tyson Foods, Dean Banks, is stepping down after less than a year on the job. The company announced Donnie King is the new CEO, which makes him the fifth CEO of Tyson in the last five years.
As commodity prices screamed higher, the cost of doing business is increasing for grain elevators also was on the rise. And market analysts say if commodity prices rally again, it could come at a cost to farmers.
John Phipps is experiencing many of the supply shortages crippling various industries across the industry. However, there may be a positive change that comes from so many issues with sourcing supplies.