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Opinion
by DTN
Apr 15, 2016
start in more ways than one. Not only is seasonal beef demand experiencing great difficulty in locating the first rung on the ladder to Memorial Day, neither one of our major political parties seems to be making real progress in crowning a presidential nominee.
Markets
by DTN
Apr 8, 2016
A key definition in the tax law involves growing. An agricultural operation that’s conducting crop or animal production is classified as a farmer. Activities that only provide services to an agricultural producer aren’t farming.


News
by DTN
Mar 21, 2016
Phil Seng, President and CEO of the U.S. Meat Export Federation (USMEF), said the time is not ripe to make any volume increase forecast for exports to Japan, but the Trans-Pacific Partnership agreement (TPP) will surely enhance the competitiveness of

News
by DTN
Mar 21, 2016
As many Midwest farmers do after the corn harvest in the fall, Daren Niemeyer grazes his beef cows on his corn stalks. The Bladen, NE, farmer uses the leftover crop residue as inexpensive feed for his cows and also for the benefits he believes it has for next year’s crop.

Markets
by DTN
Feb 29, 2016
I have my own health insurance and pay the premiums with my own after-tax dollars. I thought I could deduct the premiums on line 29 of my 1040, but am now told that the premiums must be run through the LLC and counted as guaranteed payment income to me from the LLC.


News
by DTN
Feb 29, 2016
Howard Buffett wants farmers to voluntarily embrace more conservation practices before they risk facing more regulatory control. Buffett also said last Thursday he opposes the Environmental Protection Agency’s (EPA’s) controversial waters of the U.S. (WOTUS) rule, saying it may be impossible for farmers to comply with it.


Markets
by DTN
Feb 22, 2016
In the situation you describe, assuming the decedent held 100 percent of the property, the heir or heirs can sell with modest capital gain tax if the sale price is close to the appraised value of the property at date of death.


Markets
by DTN
Feb 22, 2016
The outlook for ag credit conditions deteriorated sharply in late 2015, based on a fourth-quarter survey by the Kansas City Federal Reserve. Bankers expected a surge of farm loan demand and loan renewals and the steepest drop in repayment rates in the last decade, the survey found.


News
by DTN
Feb 22, 2016
“I’m not sure we can continue to ignore the fact that there are restrictions to how we use some of these herbicides if we then follow up with an annual forage crop,” Iowa State University Extension Beef Specialist Joe Sellers told growers and livestock owners in a webinar hosted by the Practical Farmers of Iowa Feb.


News
by DTN
Jan 29, 2016
As separate proprietors, we each get a full $500,000 limitation. Our crop insurance and government program payments are individual. All of our machinery is identified as purchased by an individual but is paid for out of an account for the group. Is this arrangement OK?

News
by DTN
Jan 29, 2016
and the Senate. Meanwhile, on the legal side, it could be some time before the U.S. Sixth Circuit Court of Appeals in Cincinnati, OH, determines whether it has jurisdiction to hear multiple legal challenges to the rule that agriculture and other industries fear will expand federal jurisdiction of the Clean Water Act (CWA).

News
by DTN
Jan 22, 2016
Canadian Agriculture and Agri-Food Minister Lawrence MacAulay said that Canada opposes the U.S. Agriculture Department’s plan to set up standards for a voluntary country-of-origin labeling (COOL) program for beef and pork, but the subject did not come up when MacAulay met with Agriculture Secretary Tom Vilsack recently.


News
by DTN
Jan 8, 2016
Five months ago when farmers were looking ahead to a grim 2016, “we thought we would see a lot of pressure on cash rents,” recalled Jim Farrell, President of Farmers National Company in Omaha. “But in reality, most professionally-managed cash rents are staying even or are down 5-8 percent.

News
by DTN
Jan 4, 2016
A Morgan Stanley survey of commercial insurance brokers shows a 12.6 percent increase for individual insurance policies in 2016 and a 13.5 percent increase for small group rates. But some ag producers are grappling with steeper increases.


Markets
by DTN
Dec 27, 2015
Albert Einstein supposedly remarked that the hardest thing in the world to understand is the income tax. That may have been a quick quip back then. If he were around today and encountering the individual retirement account (IRA) distribution rules, he’d be dead serious.


Markets
by DTN
Dec 11, 2015
The cost is a variable, depending on the types of assets transferred and your attorney fees to draft the documents. The IRS has issued sample pre-approved CRT documents, which makes it easier for the attorney (see Rev. Proc. 2003- 54).


News
by DTN
Dec 11, 2015
“What’s interesting to us is U.S. farm assets versus debts,” McBride said. “As a banker, one of the things we focus on is, does anybody get over-leveraged when their financial situation changes? We feel generally that farmers are in solid shape financially.


Markets
by DTN
Nov 20, 2015
It’s 1040 time, and the farm client slides a new Schedule K-1 across the desk, explaining, “I invested in my brother-in-law’s used car dealership in California.” My inner voice of experience is thinking: I’ve just heard three facts and they’re all trouble.