Farm Business - General
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.
The latest Rural Mainstreet Index soared to a reading of 78.8, up from the 69 posted in April. The survey also found 60.6% of bank CEOs reported a local economy that expanded from April to May.
Farming success is chained to the highest premium paid across a long series of benchmarks, and Matt Brechwald’s farm tale, split between dirt and the digital world, firmly fits the mold.
The National FFA Organization announces it has named Scott Stump as its new chief executive officer (CEO), effective Monday, June 21. Stump also takes the leadership role as CEO of the National FFA Foundation.
According to the Environmental Protection Agency (EPA), about 280 million pounds of glyphosate are applied to an average of 298 million acres of corn, soybeans and cotton annually.