Wittman and his family partners also feel an obligation to make sure their farm’s 15 year-round and part-time employees aren’t bankrupted should they or their families become sick. That means the Wittmans were first in line Oct.
Not all farm estates are super-sized. But even if your net worth falls below the $5.25-million-per-person federal estate tax exemption—or the $4 million that triggers some estate or inheritance state taxes— smart planning can save thousands of dollars in estate settlement costs.
Smith said the idea came from a colleague who took part in a grazing conference. The first trial was in a personal garden, where oats were planted in July and August to see if they would grow enough for forage. A beef producer later planted 30-40 acres on Aug.
“As far as real market impact, it’s going to depend upon whether anybody follows suit,” DTN Livestock Analyst John Harrington said. “If Tyson’s all alone out there, it’s probably not going to have a huge market impact. On the other hand, if JBS, National and Cargill all get on the same page, well, then that will have ripples.
Thanks to a Treasury Department reprieve announced in July, “large” employers with more than 50 full-time equivalent workers won’t be obligated to offer health insurance until 2015. Postponement is a relief, but Yunker is still struggling with the government’s current definition of who is a full-time, part-time or seasonal employee.
CRP is a voluntary program that helps agricultural producers safeguard environmentally sensitive land by establishing long-term, resource-conserving covers to improve the quality of water, control soil erosion and enhance wildlife habitat. The producers receive rental payments and cost-share assistance in return.
Total frozen beef imports amounted to 72,010 tons in April-June 2012 and 77,775 tons during the same period this year, a rise of only 8 percent, according to Japan Ministry of Finance (MOF) figures. “The tariff will not rise” Aug.
Farmers need to time corn harvest correctly to be able to preserve and ensile corn so that it goes through fermentation properly for the type of structure they intend to put it into, according to Joe Lauer, corn agronomist at the University of Wisconsin- Madison.
Edward Snowden, former computer geek with the National Security Agency (NSA) last seen working security at the Moscow airport, is best described as: A) a patriotic whistleblower; B) a goofball spy; C) a villainous traitor; or D) an unwitting advocate of livestock production liberty.
The department received nearly 28,000 offers on more than 1.9 million acres of land, according to a USDA news release. USDA has enrolled nearly 12 million acres in new CRP contracts since 2009. Currently, there are more than 26.9 million acres enrolled on 700,000 contracts.
Get ready to say goodbye to the latest bonanza years of grain agriculture. The world may be adding billions of new mouths to feed over the next few decades, but population growth alone isn’t enough to sustain record-busting crop incomes that made...
Vilsack was reacting to statements by House Agriculture Committee Chairman Frank Lucas, R-OK, late Tuesday that Lucas does not expect the House Republican leadership to appoint farm bill conferees before a determination is made on a nutrition bill.
Federal Reserve (Fed) pronouncements jolt stock and bond markets, just as much as USDA’s crop reports can send commodity prices spinning. But with exports, inflation, interest rates and credit availability at stake, it’s worth asking how a shift in Fed policy matters to U.
More than 27 million acres of farmland are under Conservation Reserve Program contracts now. Unlike cash rent, CRP rents constitute an “environmentally-friendly business” so are subject to SE taxes, the Tax Court ruled last week. (Graphic courtesy of FSA).
The U.S. Supreme Court last Monday announced it will not hear an American Petroleum Institute plea to strike down the Obama administration’s decision to allow the sale of E15. The move effectively ends the legal challenges to E15, a fuel seen as a way for the ethanol industry to overcome the so-called blend wall.
The American Fuel and Petrochemical Manufacturers, Alliance of Automobile Manufactures and the Grocery Manufacturers Association each petitioned the Supreme Court to review the U.S. Court of Appeals for the District of Columbia’s Circuit decision Aug..
Monsanto Co. shared a validated testing method for identifying the Roundup Ready wheat trait with USDA and concerned importing nations, the seed company said in a statement late last Monday. It’s a development that could soothe fears of widespread contamination of U.
In response to the explosion at the West Fertilizer Co. that killed 14 people and injured more than 200 others, two major associations announced last Monday they are including the handling of ammonium nitrate as part of standard of management practices for fertilizer operations.