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Cattle and Beef Markets
by DTN
Nov 11, 2016
Farm parents and their successors may need to reevaluate their previous expectations as cash flows shrink in this farm recession and proposed treasury regulations limit the use of family stock discounts, cautioned Rod Mauszycki, a Minneapolis-based tax principal for CliftonLarsonAllen.
Cattle and Beef Industry News
by DTN
Nov 11, 2016
“Corn moisture, with the help of recent sunshine, is moving closer to 18 percent. We have locations that are tight on corn space. Belmond just finished filling their 1.5-million-bushel bunker and is now piling corn in other areas. Other locations are either loading a train or shuffling bushels among locations to make more room.
Cattle and Beef Markets
by DTN
Nov 4, 2016
Generally, if a 1040 has a business loss that drives the return into negative territory, the net operating loss can be carried back two years (i.e., a 2016 tax loss carries first to 2014, then forward to 2015, and if large enough, onward to 2017, etc.). But if the loss arises from a farming business, a special five-year carryback applies.
Livestock Industry Opinions
by DTN
Nov 4, 2016
Although she has served as a passionate surrogate for Clinton throughout the fall, she aggressively moved to circle her own wagons in such a way last month to suggest real doubt about exactly who will prevail on Nov. 8. Specifically, the First Lady fortified her cherished White House vegetable garden with concrete, stone and steel.
Cattle and Beef Industry News
by DTN
Oct 28, 2016
Bryant’s problem is the crop insurance floor keeps falling with commodity prices, exposing his farm to ever bigger losses. Ohio winter wheat producers, who face a 2017 crop insurance sale closing date of Sept. 30, will be guaranteed only $4.74 per bushel next year, down 45 percent from the same coverage four years ago.

Cattle and Beef Markets
by DTN
Oct 21, 2016
In early August, the IRS released draft regulations that, when effective, will impose major restrictions on valuation discounts of family-controlled entities. This represents a major change in the tax system, and the clock is ticking before the new rules become final.
Livestock Industry Opinions
by DTN
Oct 21, 2016
When the country-fried Machiavellian named James Carville was advising future President Bill Clinton to stay on message and cut to the core worry of voters in 1992, he developed a mantra for the campaign to chant its way to victory: “It’s the economy, stupid.


Cattle and Beef Markets
by DTN
Sep 30, 2016
This continues the discussion that ran in the Aug. 15 issue on tax alternatives to assist with higher education costs. Section 529 college savings plans, already a popular tool for parents and grandparents to invest funds for a youngster’s higher education costs, were recently enhanced by Congress.


Cattle and Beef Industry News
by DTN
Aug 19, 2016
Average June prices for hanwoo beef stood at 19,142 won ($16.89) per kilogram ($37.24/lb.), an increase of 20.8 percent from the previous year. Hanwoo is a local breed that shares traits with both European and African cattle breeds and its heavily marbled meat is prized by Koreans as of greater value than imported beef.

Cattle and Beef Industry News
by DTN
Aug 12, 2016
Livestock producers who are in need of additional pasture or hay in late September and October could use an August seeding of oats for some additional forage. This system can produce extra tons of forage, but the crop needs moisture during this time and also enough time to grow before the end of the growing season.


Cattle and Beef Industry News
by DTN
Aug 12, 2016
That defense is weakening this year after university entomologists have confirmed resistance in rootworm populations to eCry3.1Ab (found in hybrids containing Duracade) in Iowa and Minnesota cornfields and lower levels of resistance to Cry34/35Ab1 (the Herculex RW trait), found in SmartStax, Acre- Max XTreme and Agrisure 3122 hybrids.


Livestock Industry Opinions
by DTN
Jul 22, 2016
I normally avoid state income tax issues in my column, given that our readership is national. But you might be amused at some of the political discussion in Minnesota over the state’s latest income tax hike. And there’s a lesson to be learned about a retired farmer’s ability to escape a high-taxing state.


Cattle and Beef Industry News
by DTN
Jul 1, 2016
Some alfalfa growers in the western part of the South Dakota have not been able to even get a first cutting yet, according to Karla Hernandez, Extension Forages Field Specialist at the South Dakota State University Extension, Watertown Regional Center.


Cattle and Beef Industry News
by DTN
Jun 24, 2016
Agriculture’s 24/7 workload poses special issues for payroll. Most farmers assume they are not required to pay overtime for any farm work performed by their employees, points out Paul Neiffer, a CPA with CliftonLarsonAllen in Yakima, WA. But given the new rules imposed by the Department of Labor (DOL) starting Dec.

Cattle and Beef Industry News
by DTN
Jun 10, 2016
The so-called extender legislation late in 2015 made permanent the provision allowing a retiree to move funds directly from an Individual Retirement Account (IRA) to a charity without income recognition. The key feature is that these transfers count for the annual Required Minimum Distributions (RMD) that every IRA holder over age 70.
Cattle and Beef Markets
by DTN
Jun 3, 2016
I get this question about once a month: Mom is moving to assisted living, her house is being sold, and the attorney said we should see our tax adviser. If Mom owned and occupied the home as her principal residence for at least two of the five years preceding the sale, the first $250,000 of gain on the sale is tax-free in her 1040.


Cattle and Beef Markets
by DTN
Jun 3, 2016
trust then conducts the sale. In the case of machinery, the trust would be the temporary owner of the machinery and arrange the auction. The proceeds from the grain sale or the machinery auction come into the trust taxfree and are held by the trustee to pay the income amount at the specified dates (e.


Livestock Industry Opinions
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.
Cattle and Beef Industry 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

Cattle and Beef Industry 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.


Cattle and Beef 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.


Cattle and Beef Industry 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.


Cattle and Beef Industry 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?

Cattle and Beef Industry 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.


Cattle and Beef Industry 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.

Cattle and Beef Industry 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.


Cattle and Beef 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.


Cattle and Beef Industry 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.


Cattle and Beef 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.


Cattle and Beef Industry News
by DTN
Nov 6, 2015
is outstanding, he said, averaging 215 bushels per acre (bpa). Although irrigated yields were more typical at about 230 bpa, his wholefarm corn yield average will likely be a record. Moisture is averaging around 14 percent with test weights of 62 pounds per bushel.


Cattle and Beef Industry News
by DTN
Oct 30, 2015
El Niño is the term used to describe a large-scale warming of the equatorial Pacific waters, along with an atmospheric circulation which results in sustained west-to-east low-latitude jet stream winds. The current El Niño was first identified in March of this year.


Cattle and Beef Industry News
by DTN
Oct 30, 2015
The initial results were good, but his sandy soils couldn’t sustain fertility and erosion started to take hold. Unperturbed, and armed with initial recommendations from Brazil’s state crop research institute (Embrapa), Mathias started to experiment with alternating beans and cattle.


Cattle and Beef Markets
by DTN
Oct 23, 2015
Fed cattle prices declined more than $20 per cwt. from late August to early October, and early estimates of September losses are as high as $350 per head, according to Purdue University Ag Economics Professor Michael Langemeier. If the trend continues, October losses could soar to $550 per head.


Cattle and Beef Markets
by DTN
Oct 16, 2015
The economy hit the skids about the time we formed the partnership, and for most years the Schedule K-1 allocations were insignificant. There really was not any profit until 2015. This year the company made a large sale, and my share of the profit is in excess of $300,000.


Livestock Industry Opinions
by DTN
Oct 16, 2015
Forty-one years ago this summer, Gerald Ford stared into the barrel of constitutional chaos and recited the shredded remains of the presidential oath. With pardon in pocket, Tricky Dick (Nixon) tearfully waved from his helicopter and the threatening sluices of Watergate began shutting down.


Cattle and Beef Industry News
by DTN
Oct 9, 2015
base corn acre, while those in a county next door will collect nothing. In Nebraska, some checks will run $20 an acre, others closer to $80 an acre. Similar situations are cropping up in Kansas, Iowa and Illinois, in large part because of the local variation in 2014 yields, policy experts report.


Cattle and Beef Industry News
by DTN
Oct 9, 2015
Grain farmers approaching retirement face an ugly reality: a lot of grain to sell but no cropping expenses to provide a tax offset. If that carryover grain is in the $500,000-$1 million territory, spreading the sales over several years doesn’t avoid high tax rates.


Cattle and Beef Industry News
by DTN
Sep 25, 2015
Among the provisions in the Grain Standards Act is language that would ensure grain inspections at export facilities will continue in the event of a disruption, such as the battle over inspections last year during a labor lockout at a grain terminal in the Pacific Northwest.


Cattle and Beef Industry News
by DTN
Sep 25, 2015
But with unrelated parties, there’s the expectation that each is protecting his or her economic interests by dealing at arm’s length. When you transact with family members, however, the IRS may question the bona fides of the deal.


Daily Market Update
by DTN
Sep 8, 2015
 Cash cattle trade was quiet today with no prices to report. Corn closed up 5 1/2 cents in the September and up 5 1/4 cents in the December. The Dow Jones Industrial Average rose 390 points or 2.4% on the close.
Cattle and Beef Industry News
by DTN
Sep 4, 2015
Corn is rapidly moving through dent stage (R5). Excess rain early in the summer, shallow roots, shortages of nitrogen and a dry August have contributed to corn moving through grain fill more rapidly than expected. Any stress, including a shortened grain-fill period would reduce kernel weight by hindering dry matter accumulation.


Cattle and Beef Industry News
by DTN
Aug 21, 2015
“We still do not know what the government will do in the future, but I am kind of sure that the government will keep the purchase program for this year with a reduced floor price, and may terminate floor price next year and let the market decide corn price,” said Jianchuan Zhou, Marketing Manager of Tieqili Feed Company in South China.


Cattle and Beef Markets
by DTN
Aug 14, 2015
Erik Norland, an economist at CME, compared how spot futures contract prices and futures spreads for a variety of commodities behaved in the 12-24 months after National Oceanic and Atmospheric Administration’s Climate Prediction Center Oceanic Niño Index signaled the beginning of an El Niño or La Niña.


Cattle and Beef Markets
by DTN
Aug 14, 2015
There are some comments about taxes that make me shudder. Here are five that cause me concern: • “I enjoy preparing my own return.” It’s rare, but on occasion I encounter that farm producer who does his own return. Today’s tax system is insanely complex, especially when business activity is in the mix.


Cattle and Beef Industry News
by DTN
Jul 24, 2015
This calendar year is predicted to deliver the worst economics in grain farming in 20 years. Low grain prices and high input costs could actually lead to an operating loss, unless yields come in exceptionally high. However, this looming dark cloud may have a silver lining in the form of tax benefits.


Cattle and Beef Industry News
by DTN
Jul 2, 2015
The House Ag Committee Biotechnology, Horticulture, and Research Subcommittee held a hearing recently that was clearly intended to emphasize the role that USDA can play in biotech labeling, a question that now is in the hands of the Food and Drug Administration.


Cattle and Beef Industry News
by DTN
Jul 2, 2015
Typically, the first cutting of alfalfa is taken somewhere around Memorial Day, plus or minus a week, and the second cutting usually comes approximately five weeks later. The majority of Nebraska alfalfa growers have gotten their first cutting off, although for many of those growers the first cutting was delayed, Anderson said.


Cattle and Beef Industry News
by DTN
Jun 26, 2015
This arrangement also has estate tax risk. Given that the payments back from the children are implicitly for Grandpa’s lifetime, the IRS could also apply Section 2036 to pull the property back into his estate at death (assuming Grandpa’s net worth exceeded the estate tax exemption and the IRS had estate tax to collect also).


Cattle and Beef Industry News
by DTN
Jun 26, 2015
Two features of the 2014 farm bill’s crop insurance coverage will be expanded to winter wheat and other crops starting in 2016, US- DA’s Risk Management Agency (RMA) announced recently. The move should aid growers besieged by extreme yield swings due to drought or excess moisture, although the benefits won’t come without higher premium costs.


Cattle and Beef Markets
by DTN
Jun 19, 2015
“Growers have the newest fleet of equipment in the last 40 years. They can run without high repair bills,” notes Wade Litton, General Manager of Wade Inc., a John Deere dealership with 11 locations in the Mississippi Delta. Well-tooled operations combined with an abrupt collapse in grain farm incomes and uncertainty over Sec.


Cattle and Beef Industry News
by DTN
Jun 12, 2015
Beardi, who spent 22 years in the Army, said he was going through “intense therapy” for a year and a half at Walter Reed Hospital after being “blown up” in Iraq, when a Vietnam veteran picked him up twice a week and took him to a farm, where he found the physical exercise and working with animals to be therapeutic.


Cattle and Beef Markets
by DTN
Jun 5, 2015
For too many, planning means a focus on next week’s activities. However, when it comes to income taxes, the perspective needs to be long-term. Today’s tax rate system is insanely complex (by design, but that’s a topic for another day). The hazard is not merely a more steeply graduated rate system; it’s also the layering of additional taxes (the 3.


Cattle and Beef Industry News
by DTN
May 8, 2015
The questions are often the same. Does it make sense to give my land to the kids now before it becomes my estate? Or perhaps I should sell some of it during my lifetime? Or is it better to just let them inherit the land? I’ve heard these questions for years, but with our constantly changing tax system, the answers might now be different.
Daily Market Update
by DTN
Apr 22, 2015
GENERAL COMMENTS: A light to moderate business surfaced in most cattle feeding areas today with some feedlot managers accepting lower bids. Live sales in the South were mostly marked at $158, $3 lower
Daily Market Update
by DTN
Apr 14, 2015
GENERAL COMMENTS: Cattle country could have doubled for a ghost town Tuesday, lifeless in terms of either bids or definite asking prices. Some showlists were priced around $165-$166 in the South and $
Daily Market Update
by DTN
Apr 6, 2015
Moderate early week support has stepped back into the complex early Monday with mixed live cattle trade now showing narrow to moderate gains. Light buyer support is helping to hold strong gains through lean hog futures.
Cattle and Beef Markets
by DTN
Mar 13, 2015
The president’s State of the Union message advocated a new top 28 percent capital gain rate and partial elimination of the stepup in basis that occurs at death. That would make sales of farmland a tax disaster. However, with the Republicans controlling the House and the Senate, those proposals have little chance of enactment.
Cattle and Beef Markets
by DTN
Mar 13, 2015
The president’s State of the Union message advocated a new top 28 percent capital gain rate and partial elimination of the stepup in basis that occurs at death. That would make sales of farmland a tax disaster. However, with the Republicans controlling the House and the Senate, those proposals have little chance of enactment.
Cattle and Beef Industry News
by DTN
Mar 13, 2015
After a trip to Cuba last week, U.S. agriculture leaders are more determined than ever to convince Congress to end the U.S. embargo on business with Cuba. However, their goals are shifting from selling U.S. commodities and foodstuffs to Cuba to potential sales of feed grains and equipment.
Cattle and Beef Industry News
by DTN
Mar 13, 2015
After a trip to Cuba last week, U.S. agriculture leaders are more determined than ever to convince Congress to end the U.S. embargo on business with Cuba. However, their goals are shifting from selling U.S. commodities and foodstuffs to Cuba to potential sales of feed grains and equipment.
Cattle and Beef Industry News
by DTN
Mar 3, 2015
“A bad inversion day is the absolute worst time to spray,” Thostenson said. Avoiding temperature inversions during the spray season is challenging even for professional sprayers, but researchers are slowly gathering more information about how they work and how growers can avoid them.
Cattle and Beef Industry News
by DTN
Mar 3, 2015
“A bad inversion day is the absolute worst time to spray,” Thostenson said. Avoiding temperature inversions during the spray season is challenging even for professional sprayers, but researchers are slowly gathering more information about how they work and how growers can avoid them.
Cattle and Beef Markets
by DTN
Feb 20, 2015
“Although farm production expenses also increase beyond 2016, net farm income remains above its 2001-10 average,” the report stated. “Similarly, the value of U.S. agricultural exports falls in 2015 due to lower crop prices, but then rises over the rest of the projection period.
Cattle and Beef Markets
by DTN
Feb 20, 2015
“Although farm production expenses also increase beyond 2016, net farm income remains above its 2001-10 average,” the report stated. “Similarly, the value of U.S. agricultural exports falls in 2015 due to lower crop prices, but then rises over the rest of the projection period.
Cattle and Beef Industry News
by DTN
Feb 20, 2015
Farmers adopt practices such as conservation tillage, no-till, cover crops and crop rotation in attempts to limit and restore what is taken from this precious resource. Farmers utilize animal manures and put back additives such as gypsum and biologicals (humates, enzymes and organisms) in an effort to promote good health.
Cattle and Beef Industry News
by DTN
Feb 20, 2015
Farmers adopt practices such as conservation tillage, no-till, cover crops and crop rotation in attempts to limit and restore what is taken from this precious resource. Farmers utilize animal manures and put back additives such as gypsum and biologicals (humates, enzymes and organisms) in an effort to promote good health.
Livestock Industry Opinions
by DTN
Feb 20, 2015
I encourage growers to think of the soil as an engine. The productivity (horsepower) of that engine can be improved, but first we need to measure the existing horsepower. The Solvita test is an affordable tool growers can use to estimate the size of soil’s engine by measuring respiration or carbon dioxide (CO2) release.
Livestock Industry Opinions
by DTN
Feb 20, 2015
I encourage growers to think of the soil as an engine. The productivity (horsepower) of that engine can be improved, but first we need to measure the existing horsepower. The Solvita test is an affordable tool growers can use to estimate the size of soil’s engine by measuring respiration or carbon dioxide (CO2) release.
Cattle and Beef Industry News
by DTN
Feb 13, 2015
The National Association of State Departments of Agriculture (NASDA) last Tuesday passed a resolution to support “a national uniform labeling policy for foods derived from genetic engineering” and to reaffirm the Food and Drug Administration “as the authority in uniform food labeling.
Cattle and Beef Industry News
by DTN
Feb 13, 2015
The National Association of State Departments of Agriculture (NASDA) last Tuesday passed a resolution to support “a national uniform labeling policy for foods derived from genetic engineering” and to reaffirm the Food and Drug Administration “as the authority in uniform food labeling.
Cattle and Beef Industry News
by DTN
Feb 6, 2015
on pg. 5 with the same headline. In that earlier installment, Biebl recounted the story of a recent taxpayer victory in the Morehouse case. This landmark Eighth Circuit Court of Appeals decision holds that a landlord/investor is not subject to the 15.3 percent selfemployment tax (SE tax) on Conservation Reserve Program (CRP) rents.
Cattle and Beef Industry News
by DTN
Feb 6, 2015
U.S. Trade Representative Michael Froman also will brief the House Agriculture Committee on trade issues, including trade promotion authority, Conaway said. He told the nation’s agriculture commissioners the briefing would take place, and then later told reporters that a briefing for the full committee was needed because there are so many new members.
Cattle and Beef Industry News
by DTN
Feb 6, 2015
on pg. 5 with the same headline. In that earlier installment, Biebl recounted the story of a recent taxpayer victory in the Morehouse case. This landmark Eighth Circuit Court of Appeals decision holds that a landlord/investor is not subject to the 15.3 percent selfemployment tax (SE tax) on Conservation Reserve Program (CRP) rents.
Cattle and Beef Industry News
by DTN
Feb 6, 2015
U.S. Trade Representative Michael Froman also will brief the House Agriculture Committee on trade issues, including trade promotion authority, Conaway said. He told the nation’s agriculture commissioners the briefing would take place, and then later told reporters that a briefing for the full committee was needed because there are so many new members.
Cattle and Beef Markets
by DTN
Jan 30, 2015
The U.S. is continuing to put pressure on Canada to put forward a more robust proposal in the Trans-Pacific Partnership (TPP) trade negotiations, Darci Vetter, the chief U.S. agricultural trade negotiator, said last Tuesday at the International Dairy Foods Association’s annual Dairy Forum.
Cattle and Beef Markets
by DTN
Jan 30, 2015
The U.S. is continuing to put pressure on Canada to put forward a more robust proposal in the Trans-Pacific Partnership (TPP) trade negotiations, Darci Vetter, the chief U.S. agricultural trade negotiator, said last Tuesday at the International Dairy Foods Association’s annual Dairy Forum.
Cattle and Beef Industry News
by DTN
Jan 30, 2015
As some growers consider a move from continuous corn fields to soybeans, they will need to consider a host of management steps, agronomists told DTN. Inoculation will be the most important one, Staton stressed. Checking on proper nodulation this summer will help growers gain that oft-reported bean yield bump following corn.
Cattle and Beef Industry News
by DTN
Jan 30, 2015
“It’s an epidemic at this point,” Heller told WPR. “Carriers aren’t hauling freight not because they don’t have equipment, not because they don’t have freight; it’s because they don’t have the drivers to haul them.
Cattle and Beef Industry News
by DTN
Jan 30, 2015
As some growers consider a move from continuous corn fields to soybeans, they will need to consider a host of management steps, agronomists told DTN. Inoculation will be the most important one, Staton stressed. Checking on proper nodulation this summer will help growers gain that oft-reported bean yield bump following corn.
Cattle and Beef Industry News
by DTN
Jan 30, 2015
“It’s an epidemic at this point,” Heller told WPR. “Carriers aren’t hauling freight not because they don’t have equipment, not because they don’t have freight; it’s because they don’t have the drivers to haul them.
Cattle and Beef Industry News
by DTN
Jan 23, 2015
If a husband employs only his wife as a full-time employee, can she be reimbursed for their insurance plan and also have a Section 105 medical reimbursement plan for other doctor bills, prescriptions, etc.? The only other employee is part-time. Also, the three permitted exceptions are all separate alternatives, correct?.
Cattle and Beef Industry News
by DTN
Jan 23, 2015
If a husband employs only his wife as a full-time employee, can she be reimbursed for their insurance plan and also have a Section 105 medical reimbursement plan for other doctor bills, prescriptions, etc.? The only other employee is part-time. Also, the three permitted exceptions are all separate alternatives, correct?.
Livestock Industry Opinions
by DTN
Jan 9, 2015
Affordable Care Act (ACA) is unlike any tax legislation I have ever seen. We are more than four years since enactment, yet the surprises keep unfolding. The latest administrative decree from the Department of Labor (DOL) will require some coordination between ag producers and their tax preparers.
Livestock Industry Opinions
by DTN
Jan 9, 2015
Affordable Care Act (ACA) is unlike any tax legislation I have ever seen. We are more than four years since enactment, yet the surprises keep unfolding. The latest administrative decree from the Department of Labor (DOL) will require some coordination between ag producers and their tax preparers.
Cattle and Beef Industry News
by DTN
Jan 2, 2015
When spring crop insurance guarantees set for most states March 1, they aren’t likely to cover cost of production, land-grant universities forecast. So the uncomfortable discussions with farm lenders this winter may focus on minimizing losses, not necessarily showing a profit in 2015.
Cattle and Beef Industry News
by DTN
Dec 19, 2014
Speaking of the provision to stop implementation of the interpretive rule on agricultural exemptions accompanying WOTUS proposal and other environmental policy riders in the omnibus, Mc- Carthy said, “I am not unhappy with what went through the legislature.
Cattle and Beef Industry News
by DTN
Dec 5, 2014
Over my 40-year tax career, I’ve had countless situations representing taxpayers in IRS exams. Most are resolved at various levels within the IRS, but I’ve had three get to litigation. Fortunately, all were taxpayer victories. Two of those, however, took two rounds.
Cattle and Beef Industry News
by DTN
Nov 28, 2014
But before you pack it all in, consider scouting your wheat fields one last time this fall. A thorough walkthrough of young winter wheat stands can help you troubleshoot your planting system, plan for the spring, and maybe even earn that second helping of Thanksgiving leftovers.
Cattle and Beef Industry News
by DTN
Oct 31, 2014
The company’s two genetically-engineered corn traits aren’t approved for import in China, and Chinese rejections of U.S. corn and dried distiller grains (DDG) containing the Viptera trait (MIR 162) have set off an industry firestorm. Most recently, the seed company is facing legal action—a lawsuit from grain company Cargill Inc.
Cattle and Beef Industry News
by DTN
Oct 31, 2014
“Though scientists have been promoting the production and usage of GMO crops, public media has brought a lot of discussion on the safety issue of GMO food, and most of the information from it was negative,” said Guanghui Xie, a professor at China Agricultural University.
Cattle and Beef Industry News
by DTN
Oct 17, 2014
Individuals who buy health insurance through an exchange furnish an estimate of their income, and the exchange then subsidizes their monthly insurance premium. The greater the estimated income, the lower the subsidy. After 1040 actual income is computed, the advance subsidy is adjusted up or down as an additional 1040 tax or refund.
Cattle and Beef Industry News
by DTN
Oct 3, 2014
First of all, the young couple will insist on a legal transfer of title. There is a deed to record that is on public record. When the closing does occur, the title company or attorney will file a 1099 tax form to the IRS, which is required on real estate sales transactions.
Cattle and Beef Industry News
by DTN
Sep 19, 2014
Route 66 stretches across the high desert and through to valleys on the other side of the San Bernardino Mountains before blending into the weaving interstates and highways of greater Los Angeles. Any reflection of the old highway heading to Santa Monica Pier gets lost in the intensity of daily Los Angeles interstate traffic.
Cattle and Beef Industry News
by DTN
Sep 19, 2014
Speaking to reporters after a Growth Energy event, Vilsack said the conversation took place in Buffett’s Omaha office and that Buffett had noted that the BNSF railroad, in which he is a major investor, has made commitments to improve service and the railroad’s infrastructure.
Cattle and Beef Industry News
by DTN
Sep 19, 2014
In a letter written by Tim Luken, Manager of Oahe Grain in Onida, SD, and presented at the Surface Transportation Board’s (STB) recent rail hearing, Luken stated, “I have sold very little small grain into the market due to not knowing when I will be receiving cars to ship out in a timely manner.
Cattle and Beef Industry News
by DTN
Sep 19, 2014
If a small employer has been providing group coverage and the group premiums remain affordable for that employer, there is no reason to change. Further, the employer and employee continue to be free to negotiate any split of the premium costs.
Cattle and Beef Industry News
by DTN
Sep 19, 2014
Most Midwest crop producers fixate on February futures prices. That’s the month when market averages set the bulk of federal crop insurance guarantees for the coming growing season. But Luke Smith, a partner in his family’s Rochester, IN, grain operation and commercial elevator, thinks outside that February timeframe.
Cattle and Beef Industry News
by DTN
Sep 12, 2014
The checkoff is overseen by the Cattlemen’s Beef Promotion and Research Board (CBB), but it is essentially run by the National Cattlemen’s Beef Association (NC- BA). The Beef Board approved a $40.2 million budget for fiscal year 2015 at its summer meeting, down 2.
Cattle and Beef Industry News
by DTN
Sep 12, 2014
stocks being sent to China, DTN Senior Analyst Darin Newsom said ending stocks shouldn’t be as large as the 140 mb USDA projected in August. That fact is playing out in the futures spreads and U.S. basis market. The national average basis is $1.55 over the November contract, but “U.
Cattle and Beef Industry News
by DTN
Sep 5, 2014
A recent Kansas State University feeding trial showed that lower application rates in ammoniation can be effective when feeding low quality forage with wet distillers grains (WDG), according to Justin Waggoner, Beef Systems Specialist for Kansas State University Research and Extension.
Cattle and Beef Industry News
by DTN
Sep 5, 2014
The comprehensive tax reforms under discussion in Washington include a subject of great importance to farmers—the cash method of accounting. The cash method is used by many taxpayers in addition to farmers, specifically service businesses and professional practices.
Cattle and Beef Markets
by DTN
Aug 22, 2014
The tax law defines a hedge as a transaction in the normal course of business to minimize the risk of price change with respect to inventory or supplies. This requires a producer to have a hedging position that’s opposite the physical position on the farm and within normal production ranges.
Cattle and Beef Markets
by DTN
Aug 22, 2014
Japan banned beef from the U.S. and Canada in 2003 because of BSE. The beef came back in 2006, albeit limited to meat taken from cattle aged up to 20 months as an anti-BSE measure. Certain “specified risk materials” (SRMs) with high risk of carrying BSE were also forbidden.
Livestock Industry Opinions
by DTN
Aug 22, 2014
Sometime in the late 1920s, after countless nights of craning his neck through the nooks and crannies of the Milky Way, Edward Hubble concluded that the universe was indeed still expanding in the wake of the Big Bang, that first true spark of herd building launched 13.
Cattle and Beef Markets
by DTN
Jul 25, 2014
Corn importers don’t have to look far for supplies, either. With China’s hesitance to take U.S. corn, due to that country’s failure to approve corn with the MIR162, South Korea is enjoying the availability of Asia-bound freighters and lower prices. Imports of dried distillers grains with solubles (DDGS) also are doubling.
Cattle and Beef Industry News
by DTN
Jul 25, 2014
Republican members of the Senate Agriculture Committee finally got their meeting with Environmental Protection Agency Administrator Gina McCarthy last Tuesday and urged her to withdraw the Waters of the U.S. (WOTUS) rule, but a McCarthy spokeswoman said issues with the rule can be handled in the agency’s comment process.
Cattle and Beef Industry News
by DTN
Jul 11, 2014
What are your thoughts about a charitable remainder trust in this instance? The couple could create a lifetime income stream and use the deduction to offset that income. Perhaps they could also set up a wealth replacement trust (life insurance) to benefit the children if they have concerns about leaving those sale proceeds.
Cattle and Beef Industry News
by DTN
Jun 20, 2014
Court of Appeals heard oral arguments in a landmark tax case last week that would not only set a precedent for absentee landowners with Conservation Reserve Program contracts, but could potentially redefine tax treatment of cash rents, conservation easements and other types of passive income if allowed to stand, farm managers and legal scholars say.
Cattle and Beef Industry News
by DTN
Jun 20, 2014
It is unclear how long the Senate debate will last because the agriculture bill has been packaged with two other appropriations measures in what is being referred to as a “minibus” as opposed to the omnibus bills that sometimes fund the government when Congress doesn’t pass individual appropriations bills.
Cattle and Beef Industry News
by DTN
Jun 20, 2014
Though a decision on the proposed Keystone XL pipeline that would traverse farm and ranch lands in the Nebraska Sandhills is unlikely to come from the Obama administration ahead of the November elections, a U.S.
Cattle and Beef Industry News
by DTN
May 16, 2014
The ministry made the announcement after receiving the results of tests conducted on samples from the animal in the U.K. In truth, the report said there was no conclusive diagnosis, but the government said details in the report reinforced its hypothesis that this was not a classic case of the disease, popularly known as mad cow.
Cattle and Beef Markets
by DTN
Apr 18, 2014
On the positive side, exports to Asia increased 5 percent for a total of $1.2 billion while exports to Canada increased 6 percent for total of $4.3 billion. The increase in Asia was aided by China having government polices still supportive of agriculture focusing on productivity and increasing farm income, he said.
Livestock Industry Opinions
by DTN
Apr 18, 2014
I would imagine back in the late 1970s through the 1990s when many JD dealerships still tended to be family-owned, the range of John Deere Day events varied greatly. I can remember gatherings at the dealership both in the evening complete with a dinner and dance in the shop and also in the afternoon with a lunch and no dance.
Cattle and Beef Markets
by DTN
Feb 21, 2014
“We had assumed that under the continuation of the old law that more land would be planted to corn because of the ACRE program,” Glauber said. “Now with the new programs based on base acres, we think there will be more flexibility. They will look at the soybean-to-corn price ratio and will plant a little less corn than normal.
Cattle and Beef Markets
by DTN
Feb 21, 2014
AgriBank, the Farm Credit System district bank that sources funds for Farm Credit Associations covering half of the nation’s cropland, still sees wide disparities in farmland appreciation, depending on the 15 states within its territory.
Cattle and Beef Industry News
by DTN
Feb 21, 2014
The five-year stretch from 2008-2012 represented the most profitable crops in 40 years of U.S. corn production. Sadly, most of the spoils accrued to just the top half of producers, a recent study by the consulting firm of AgriSolutions Inc. found. Ag’s golden era largely bypassed the bottom half of corn growers in their analysis.
Cattle and Beef Industry News
by DTN
Feb 14, 2014
China’s government has officially decided “to use new technology and look to global markets” but “there is still an intense and increasingly public debate in China when genetic modification and trade intersect,” said Scott Sindelar, the Minister Counselor for Agricultural Affairs at the U.
Cattle and Beef Markets
by DTN
Feb 7, 2014
Do you remember when you were in grade school and the science project was to watch and record the process of metamorphosis from caterpillar to butterfly? One day, the funny looking bug was hanging from a twig, the next it was encased in a cocoon, and then suddenly a butterfly was fluttering around the plastic box.
Cattle and Beef Industry News
by DTN
Feb 7, 2014
Research shows they love food—or rather, they love to read about it, watch it being made, and take pictures of it. Every day, the millennial generation visits the top five cooking websites 4.5 million times and makes food-related web searches 5.5 million times.
Cattle and Beef Industry News
by DTN
Jan 31, 2014
One of the primary factors working in sorghum’s favor among farmers—lower corn prices—has actually threatened its appeal as an ethanol source. Ethanol plants that had shifted toward sorghum veered back to corn as prices fell, said Greg Krissek, a manager with Kennedy & Coe, a national accounting and consulting firm.
Cattle and Beef Industry News
by DTN
Jan 24, 2014
Members believe companies have an obligation to fully disclose how they use data, compensate farmers when information is shared with third parties and prevent such information from being subject to federal Freedom of Information Act requests. Also, farmers should have the.
Cattle and Beef Industry News
by DTN
Jan 4, 2014
“The biggest story of 2013 is the end of the demand market for corn,” said DTN Senior Analyst Darin Newsom. “From record crops despite unfavorable weather to attacks on demand on all three fronts, the end of King Corn’s reign will have long-lasting ripple effects across agriculture.
Livestock Industry Opinions
by DTN
Dec 27, 2013
Remember how the Grinch hated Christmas because, depending on various theories, his shoes were too tight, his heart was two sizes too small, or his head wasn’t screwed on just right? Whatever the reason, the Grinch went on to steal the Whos’ Christmas until, as the story goes, his heart grew and he returned the bounty.
Cattle and Beef Industry News
by DTN
Dec 13, 2013
Traditional year-end tax planning is all about deferrals—commodity revenue pushed to the next year and expenses accelerated into the current year. And the tendency is to set reportable taxable income below actual earnings. The result is a continuously increasing income deferral that becomes a tax disaster at retirement when it’s recognized.
Cattle and Beef Industry News
by DTN
Dec 13, 2013
China’s grain buyers are likely to import more corn this year because of the dramatic difference between global corn prices and China’s domestic prices. “As of Dec. 5, the imported corn price is around $304 per ton compared to $406 per ton of domestic corn in south China’s Guangdong Province,” Wu said.
Cattle and Beef Industry News
by DTN
Nov 22, 2013
The Department of Homeland Security’s Immigration and Customs Enforcement’s (ICE) most recent wave of I-9 audits is a grim reminder of the frustrating status quo that lies ahead for the agricultural industry now that immigration reform is off the table this year, farm labor industry representatives told DTN.
Cattle and Beef Industry News
by DTN
Nov 15, 2013
Both the House and the Senate will be in session during that time. The House was out the week of Nov 4, but both chambers are scheduled to leave again on Nov. 22 for a Thanksgiving break and congressional aides have said they are likely to be out of session for two weeks.
Cattle and Beef Industry News
by DTN
Nov 8, 2013
The “play or pay” lingo is a dilemma facing large employers on the question of providing health insurance. For those with 50 or more employees, there is the messy choice of maintaining employee health insurance under stringent rules (play) or eventually incur a $2,000 penalty per employee for not offering coverage (pay).
Cattle and Beef Industry News
by DTN
Nov 8, 2013
Farmers could outsource their agronomists in the near future, if weather insurer Climate Corporation succeeds in its latest product launch. Unlike traditional on-site crop advisers and field scouts, these agronomic experts include a team of PhDs with degrees in statistics, physics and applied math.
Cattle and Beef Industry News
by DTN
Oct 18, 2013
“We [DuPont Pioneer] do not ‘market’ or sell transgenic seed in Mexico today, because it hasn’t been approved for commercial cultivation. Any Pioneer GMO products in Mexico are planted in strict accordance with the regulatory framework put in place by the government,” a spokes man.
Cattle and Beef Industry News
by DTN
Oct 4, 2013
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.
Cattle and Beef Markets
by DTN
Aug 16, 2013
“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.
Cattle and Beef Industry News
by DTN
Aug 16, 2013
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.
Cattle and Beef Industry News
by DTN
Jul 26, 2013
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.
Cattle and Beef Industry News
by DTN
Jul 26, 2013
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.
Cattle and Beef Industry News
by DTN
Jul 26, 2013
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.
Cattle and Beef Markets
by DTN
Jul 19, 2013
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...
Cattle and Beef Industry News
by DTN
Jul 19, 2013
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.
Cattle and Beef Industry News
by DTN
Jul 19, 2013
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.
Cattle and Beef Industry News
by DTN
Jun 7, 2013
One of the recent challenges we have faced as tax advisers is to find all the tax increases buried in the Affordable Care Act (ACA) and help our clients deal with them. This year it has been the 3.8 percent investment income tax and the extra Medicare tax.
Cattle and Beef Industry News
by DTN
May 31, 2013
There are no GE wheat varieties approved for sale or in commercial production in the U.S. or elsewhere at this time, but the agency stressed it does not pose a food safety concern. There is also no information that indicates this trait entered the commercial supply chain, according to an APHIS Q&A fact sheet.
Cattle and Beef Industry News
by DTN
May 31, 2013
In south-central Minnesota, farmer Mark Nowak has already buried hopes for the remaining 25 percent of his 2013 corn crop. With only 3-1/2 days suitable for planting this spring and a chance for rain every day now through June 8, Nowak plans to file a prevented planting claim when his crop insurance final planting date hits May 31.
Cattle and Beef Industry News
by DTN
May 10, 2013
In a conference call to reporters shortly after Senate Agriculture Committee Chairman Debbie Stabenow, D-MI, announced the committee markup of the bill will be next Tuesday, Gillibrand, D-NY, said she believes the bill “will move to the floor as early as next week.
Cattle and Beef Industry News
by DTN
Apr 19, 2013
If anyone can turn around EPA’s relationship with rural America, it may be Bittleman. She comes to EPA after serving as senior adviser to Agriculture Secretary Tom Vilsack on energy and EPA issues. In that capacity, she was viewed as a strong advocate for renewable fuels, including ethanol.
Cattle and Beef Markets
by DTN
Mar 29, 2013
Some of the largest increases, percentage wise, come from increased planting in Arkansas, Mississippi and other Delta states as farmers switch from cotton to corn. USDA expects farmers in Illinois, Indiana, Missouri, Kansas, South Dakota and Nebraska to plant slightly less corn than last year.
Cattle and Beef Industry News
by DTN
Mar 29, 2013
The word “extreme” is getting a workout regarding spring 2013 vs. spring 2012. A year ago, record-high temperatures and dry soils had corn growers running planters by mid-March. There’s a sharp contrast in 2013: Daytime temperatures running 20 degrees Fahrenheit below normal have made March seem like a displaced version of January.
Cattle and Beef Industry News
by DTN
Mar 22, 2013
Commodity Futures Trading Commission (CFTC) Commissioner Bart Chilton wants to make sure customers are protected if another futures commission merchant fails, but he also wants to address industry concerns about the expense of a CFTC-proposed rule on customer protections.
Cattle and Beef Industry News
by DTN
Mar 8, 2013
The new hours will be Sunday to Friday from 7 p.m. to 7:45 a.m. On Mondays through Fridays, there will be a break in electronic trading from 7:45 a.m. to 8:30 a.m. Trade will continue from 8:30 to 1:15 p.m. The change affects CBOT grains and KCBT wheat, and pending CFTC approval, the new hours will begin on April 8.
Cattle and Beef Industry News
by DTN
Mar 1, 2013
“I know it sounds counterintuitive, but it comes down to weather in June and July,” USDA ag meteorologist Brad Rippey said when attendees questioned USDA’s optimistic yield forecast. “History shows that even in the wake of the drought of 1988, it seems to be late spring and summer weather that determines the outcome for row crops.
Livestock Industry Opinions
by DTN
Mar 1, 2013
If Congress fails to head off the approaching sequestration cuts and USDA is forced to furlough meat inspectors, John Harrington’s “Plan B” suggestion is to use members of Congress—such as Reps. Nancy Pelosi and John Boehner—as substitute meat inspectors.
Cattle and Beef Industry News
by DTN
Feb 22, 2013
Nearly 300 weed scientists from 33 countries are Down Under last week, digging into the science of herbicide resistance. Stephen Powles, Australian Herbicide Resistance Initiative (AHRI) director, told DTN in an interview that the evolution of herbicide resistance in weeds poses a real threat to global food production and security.
Cattle and Beef Industry News
by DTN
Feb 22, 2013
Portions of a proposed CFTC rule to enhance the protection of customers’ margin funds could make hedging prohibitively expensive for farmers and ranchers and the small- to mid-sized futures commission merchants that serve them, industry representatives fear.
Cattle and Beef Industry News
by DTN
Feb 8, 2013
Farmers and traders have always been more concerned about keeping the wheat contract committee intact than keeping the pit open, Gilpin said, and CME has agreed to keep that committee intact for at least three years. The contract committee gives physical users of wheat input on the contract terms, a role they’d like to keep.
Cattle and Beef Industry News
by DTN
Feb 1, 2013
This is the time of year when farmers are dealing with taxes and other financial paperwork. It’s also the perfect time to address those important “perpetual” tax documents that get outdated. This is important defensive medicine. The IRS will create havoc when your paperwork does not match current transactions.
Cattle and Beef Industry News
by DTN
Feb 1, 2013
For the children of a 75-year-old couple who live in the Great Plains, the paperwork dash was a little too close for comfort. Their parents had put off the finishing touches on an estate plan until Dec. 31 last year, their son said.
Cattle and Beef Industry News
by DTN
Dec 7, 2012
South Dakotan Bob Metz farms so close to the state line, his post office box is based in Minnesota. It’s a good thing he lives on the right side of the border, however. Metz and wife Karen want ownership of the farm his ancestors homesteaded more than 125 years ago to stay in family hands.
Cattle and Beef Industry News
by DTN
Nov 2, 2012
Fewer grain farms are likely to be held hostage by their debt loads should today’s Golden Era end abruptly. Unlike the 1980s, America’s grain producers have bolstered an important equity ratio since 2007 that will help them withstand a return to thinner profits or higher interest rates, a recent study by AgriSolutions found.
Cattle and Beef Industry News
by DTN
Nov 2, 2012
The nation’s row-crop harvest continued to run well ahead of normal this past week while emergence of the winter wheat crop was slightly behind normal, according to USDA’s weekly Crop Progress report. Release of the report was delayed until Wednesday due to Hurricane Sandy.
Cattle and Beef Industry News
by DTN
Oct 19, 2012
Many producers will receive multiple payments on private crop insurance on top of record prices for the crops they did harvest. Any crop insurance deferral election must cover all proceeds received within the year of the disaster. It is not possible to defer a portion or to be selective among different payors.
Cattle and Beef Industry News
by DTN
Oct 12, 2012
Interest rates presented by Farm Credit Services of Mid-America serving farmers in Kentucky, Ohio, Indiana and Tennessee. Rates change daily, are subject to qualifying conditions and may carry pre-payment restrictions. For details, visit:.
Cattle and Beef Industry News
by DTN
Oct 12, 2012
Precipitation deficits for the first three-quarters of the year are huge. Iowa fell to a 9-inch statewide precipitation deficit for the first time Oct. 4. Data compiled by Iowa State Climatologist Harry Hillaker shows the four-month period covering June, July, August and September is the third-driest in 140 years of precipitation records.
Cattle and Beef Industry News
by DTN
Oct 5, 2012
“The timing is really unfortunate,” said Mike Steenhoek, executive director of the Soybean Transportation Coalition. In an average year, about 75 percent of U.S. soybean exports take place between September and February, but because of last year’s short crop in South America, some groups estimate as much as 90 percent of U.
Cattle and Beef Industry News
by DTN
Sep 21, 2012
Rick Murdock, a farmer in Murray, KY, was so convinced irrigation was the wave of the future, he signed up to be an irrigation equipment dealer. He sold his first pivot in February and has since sold two more systems. In August, his phone didn’t stop ringing.
Cattle and Beef Industry News
by DTN
Sep 7, 2012
The prion panel was one of the 14 committees of the Japanese Cabinet’s Food Safety Commission, which was charged last December with assessing the risk of transmission of BSE to humans from consumption of beef up to 30 months from the four countries. It held its final meeting Sept.
Cattle and Beef Industry News
by DTN
Aug 24, 2012
The report also found that when it comes to grains, about 2 percent of those are lost during production and 2 percent during post harvest, handling and storage. In addition, about 10 percent is lost during processing and packaging, 2 percent is attributed to distribution and retail losses and about 27 percent by consumers.
Cattle and Beef Industry News
by DTN
Aug 24, 2012
Surrounded by members of the agriculture community at the Kentucky State Fair, Kentucky Agriculture Commissioner James Comer slammed the bankruptcy process that has failed to provide justice to the farmers, markets, truckers, veterinarians and others whose cattle or services were stolen in the collapse of Eastern Livestock.
Cattle and Beef Industry News
by DTN
Aug 10, 2012
Cash rent auctions in the $400-an-acre-and-up range have made headlines in the farm press the past two seasons. But that’s not indicative of what operators pay when they blend costs from all rental parcels, crop-share leases and owned land into a total-farm average.
Cattle and Beef Industry News
by DTN
Jul 27, 2012
Tight beef supplies and increased food prices will bring lean finely textured beef (LFTB), labeled as “pink slime” by the media, back to consumers’ plates, according to “LFTB: Beef’s Latest Battleground for Survival,” a report released last Wednesday by researchers at Rabobank’s Food and Agribusiness Research and Advisory.
Cattle and Beef Industry News
by DTN
Jul 27, 2012
USDA authorized emergency grazing and haying on eligible CRP land after the primary nesting period in 394 counties in 11 states: Arkansas, Colorado, Indiana, Kansas, Missouri, Nebraska, New Mexico, Oklahoma, Texas, Utah and Wyoming, to help provide relief for farmers short of forage.
Cattle and Beef Industry News
by DTN
Jul 20, 2012
Concentrated animal feeding operations (CAFOs) will not be required to report proprietary information to the Environmental Protection Agency (EPA) after the agency dropped a proposed rule that ag interest groups said would have jeopardized privacy and security for livestock producers.
Cattle and Beef Markets
by DTN
Jul 6, 2012
last week and an 8 percent five-year average. “Silking reached 25 percent, meaning the crop continues to suffer through hot, dry conditions during critical maturation,” Sanow said. “This, combined with the worsening condition ratings, point to a national yield well below USDA’s 166 bushels per acre (bpa),.
Cattle and Beef Industry News
by DTN
Jun 22, 2012
The Environmental Protection Agency (EPA) will be allowed to continue using aerial surveillance as a tool to enforce Clean Water Act (CWA) violations after the U.S. Senate last Thursday failed to pass two separate amendments to the farm bill—one to ban the practice and another to allow aerial surveillance with certain restrictions.
Cattle and Beef Industry News
by DTN
Jun 1, 2012
Nebraska’s Emily Guerra, age 2, died when she fell off a spooked horse while her father was helping to brand calves. Austin Reuter, a 7-year-old from Iowa, died after an ATV rolled over him during evening chores, and Travis Flory, a 3-year-old in Wisconsin, was killed when he was accidentally run over by a skid steer his brother was driving.
Cattle and Beef Industry News
by DTN
May 4, 2012
“This was, reportedly, 10 percentage points above pre-report expectations,” said DTN Analyst John Sanow. “The most impressive showing to note is Illinois and Indiana at 79 percent and 70 percent, respectively, as compared to the five-year average of 29 percent and 20 percent.
Cattle and Beef Markets
by DTN
Apr 27, 2012
It’s no shock that input costs for corn production have staged four years of sizable price increases. But unlike past seasons, higher overheads will be exposing producers to more serious marketing risks in 2012, cautions financial adviser Sam Bachman with AgriSolutions.
Cattle and Beef Industry News
by DTN
Apr 20, 2012
Gas guzzlers beware: Higher diesel prices could take some of the fun out of farming in 2012. Assuming an Illinois corn grower averaged $2.83/gallon for diesel in 2011, each $1/ gallon increase in 2012 will shave this year’s profit margins as much as 4.5 percent, according to Sam Bachman, a financial consultant with AgriSolutions, Brighton, IL.
Cattle and Beef Industry News
by DTN
Apr 6, 2012
It was definitely easier for an above-average corn grower to shoulder extreme rent in 2011 than 2012, according to financial adviser Sam Bachman with AgriSolutions, a Brighton, IL, financial consulting firm.
Cattle and Beef Industry News
by DTN
Mar 9, 2012
Ethanol producers want to expand the market for ethanol in the U.S. by promoting the use of motor gasoline with a 15 percent ethanol ratio, or E15. But their efforts are being frustrated by many hurdles that might delay the fuel’s commercialization for some time, attendees at an ethanol conference held last week were told.
Cattle and Beef Industry News
by DTN
Mar 9, 2012
“We need to better market this industry with a positive message [such as] consumer choice [over which fuel to use], paying less at the pump and people getting jobs and the more opportunities now available to rural America,” he said. “What is at stake is a [fight over the] value system and it starts with agriculture.
Cattle and Beef Industry News
by DTN
Mar 2, 2012
U.S. Food and Drug Administration (FDA) Commissioner Margaret Hamburg said last Wednesday that if her agency does not get more money to implement the Food Safety Modernization Act, she can already predict an increase in foodborne illness and problems with imported food.
Cattle and Beef Industry News
by DTN
Mar 2, 2012
The state’s highest court found in favor of two Texas farmers who challenged the Edwards Aquifer Authority (EEA), according to the court’s ruling. In 1996, Burrell Day and Joel McDaniel requested a permit to pump water for crops from the Edwards Aquifer on a ranch near San Antonio.
Cattle and Beef Industry News
by DTN
Mar 2, 2012
Ethanol and farm groups praised an Environmental Protection Agency (EPA) decision Feb. 17 to approve a higher level blend of ethanol known as E15, but the Environmental Working Group announced a campaign to discourage consumers from using it, and an Agriculture Department economist said he did not think it will win acceptance soon.
Cattle and Beef Industry News
by DTN
Feb 24, 2012
It’s been a warm winter everywhere, but the higherthan-usual temperatures have taken on different manifestations around the Corn Belt. In Illinois and Indiana, farmers have been fighting mud while trying to bring their winter corn commitments to market.
Cattle and Beef Industry News
by DTN
Feb 10, 2012
Nearly 300 people crammed into a motel meeting room to attend the first cash rent public auction in the Mason City, IA, area Saturday, Feb. 4. About 25 active bidders raised hands or nodded heads as two-year leases for more than 2,250 tillable corn/soybean acres in 14 tracts went up for grabs.
Cattle and Beef Industry News
by DTN
Feb 3, 2012
A Center for Biological Diversity (CBD) lawsuit filed last January could lead to restrictions or the outright banning of many pesticides and other chemicals to protect endangered species. Ongoing settlement negotiations between CBD and agriculture groups could wrap up this spring, assuming a settlement can be reached.
Cattle and Beef Industry News
by DTN
Feb 3, 2012
Corporate profits are up 15 percent over last year. “If I didn’t know better, I’d say we were in the middle of a big economic expansion,” said Dotzour. “But investors are not willing to pay for those profits and companies are not willing to hire because no one thinks Con-.
Cattle and Beef Industry News
by DTN
Jan 27, 2012
“I want to thank J. Dudley Butler for his outstanding service as administrator of the Grain Inspection, Packers, and Stockyards Administration,” Agriculture Secretary Tom Vilsack said in a statement distributed by his office.
Cattle and Beef Industry News
by DTN
Jan 13, 2012
Farm Bureau delegates reversed their position last Tuesday from last year’s farm-policy recommendations that had effectively defended keeping much of the commodity title from the 2008 farm bill intact. Instead, Farm Bureau stripped its policies supporting direct payments, counter-cyclical payments, and the Average Crop Revenue Election program.
Cattle and Beef Industry News
by DTN
Jan 6, 2012
For much of West Texas, drought conditions are nothing new, but it was hard to find anyone in 2011 who recalled a worse drought. Amarillo, TX, generally averages 20 inches of precipitation annually. Through mid-August, the city registered 2.5 inches. By late December, that had bumped up to 6 inches, reflecting a minor fall reprieve.
Cattle and Beef Industry News
by DTN
Dec 30, 2011
You might feel as if you have whiplash, almost as if someone else spent their year yanking you back and forth. It’s been an unprecedented year for grain markets with many daily moves dictated by headlines from Europe rather than news from the Corn Belt.
Cattle and Beef Industry News
by DTN
Dec 30, 2011
China passed Canada as the top market for U.S. ag exports in 2011. As recently as 2004, China’s purchases totaled only $6 billion, making it our fifth-largest ag export market. In the fiscal year that ended Sept. 1, the world’s largest importer of cotton and soybeans bought $20 billion of U.
Cattle and Beef Industry News
by DTN
Nov 18, 2011
Early reports are surfacing of producers ending up with cattle feed that has been extended with sawdust and other fillers, and then masked with molasses. There have also been reports of 2- and 3-year-old hay sold, and of the watering down of hay to add weight.
Cattle and Beef Industry News
by DTN
Nov 18, 2011
Rural bankers and brokers are in no mood for mercy. They are furious with MF Global, the CME Group and federal regulators who allowed the country’s third largest clearinghouse to dip into customer accounts for their own high-risk trades.
Cattle and Beef Industry News
by DTN
Nov 4, 2011
Weather insurance isn’t a new product. It’s been used for years in a variety of situations ranging from movie production to concerts, motorsport events and even weddings. Your favorite retailer may buy insurance against a blizzard on Black Friday or a cool summer that reduces sales of air conditioners and fans.
Cattle and Beef Industry News
by DTN
Oct 24, 2011
The American Soybean Association (ASA), the National Corn Growers Association (NCGA), and the National Farmers Union (NFU) are backing the House and Senate Ag Committee leaders decision to recommend to the deficit super committee that farm bill spending be cut by up to $23 billion over 10 years.
Cattle and Beef Industry News
by DTN
Oct 24, 2011
Fights began breaking out last Tuesday among agriculture interests over what the super committee might do with the farm bill, even though no one knows how the leaders of the House and Senate agriculture committees are planning to move ahead with the proposal that they sent to the super committee last Monday.
Cattle and Beef Industry News
by DTN
Oct 14, 2011
Its not just the summer of $7 corn that superheated Midwest land markets. Investors rattled by the prospect of a double-dip recession still see U.S. farmland as a safe haven amid economic turmoil. That surge of nontraditional buyers lessens the threat of a downturn in farmland values anytime soon, real estate and Wall Street experts contend.
Cattle and Beef Industry News
by DTN
Sep 30, 2011
Thomas Gibson and Steve McDonald, Eastern Livestock Companys owner and chief operating officer, were each indicted on one federal charge of mail fraud related to activity from Aug. 9, 2004, to Nov. 2, 2010, that was related to the alleged checkkiting scheme that left more than 700 producers across the country holding $130 million in bad checks.
Cattle and Beef Industry News
by DTN
Sep 16, 2011
The Senate Appropriations Committee approved a $19.78 billion fiscal year 2012 Agriculture appropriations bill that provides less discretionary spending than the past two years, but left potential controversial amendments for the Senate floor even though some senators are worried the bill will never come up as an individual piece of legislation.
Cattle and Beef Industry News
by DTN
Sep 9, 2011
La Nina describes Pacific Ocean equatorial waters having cooler-than-average temperatures. In the U.S., the weather effects of La Nina include drier conditions in the southern Plains and Midwest, and above-average precipitation during winter in the northern states.
Cattle and Beef Industry News
by DTN
Sep 9, 2011
As befits the chairman of the worlds largest food-production company, Peter Brabeck-Letmathe is counting calories. But its not his diet that the chairman and former CEO of Nestle is worried about. Its all the food that the U.S. and Europe are converting into fuel while the worlds poor get hungrier.
Cattle and Beef Industry News
by DTN
Sep 2, 2011
The U.S. Department of Labor, responding to a surge in fatal grain-elevator accidents, proposed last Wednesday to ban children under the age of 18 from working around these towering structures which hold massive amounts of crops such as corn, wheat and soybeans.
Cattle and Beef Industry News
by DTN
Jul 22, 2011
Reduced weaning weights for calves, lower weight gains on yearlings, summer mastitis and pinkeye theyre all key management points that can mean the difference between a year that ends in the black and one that bleeds red. And at the center of that balance sheet is the lowly fly.
Cattle and Beef Industry News
by DTN
Jul 22, 2011
One aspect is how fast deals like this go off. I had a shot at it, because Ive known the owners family since 1985. Otherwise, it would be all over before I had even heard about it, Myers said. Im still in the market for land, but I doubt it will be in Illinois.
Cattle and Beef Industry News
by DTN
Jul 15, 2011
Cow production inputs started to skyrocket, explains Theeck, the veteran central Texas cowman. Thats when I realized to survive in the cattle business, I had to learn to do it with one cow to 10 acres with very little supplement or hay, as opposed to one cow to two or three acres as I was doing before.
Cattle and Beef Industry News
by DTN
Jul 15, 2011
Feeding corn stalks, corn hay or corn silage to the herd this year could be akin to poisoning your cows. Given extreme drought conditions across much of cattle country, dryland corn crops are more likely to have high levels of nitrates this year. And the first sign of nitrate poisoning is usually dead cattle.
Cattle and Beef Industry News
by DTN
Jul 8, 2011
Gary Hill found out the importance of soil testing the hard way. The University of Georgia animal scientist works with Tifton 85 bermudagrass at the Coastal Plain Experiment Station in Tifton, as well as on his own cattle operation. He started noticing stand losses in the highly productive forage.
Cattle and Beef Industry News
by DTN
Jul 8, 2011
The small-scale effort has large aims, according to one of the project leaders. Associate Professor Dan Buskirk said in addition to verifying whether the beef came from a local source, shoppers eventually could use a smart phone or kiosk to find out if it came from grass-fed, grain-fed or hormone-free cattle.
Cattle and Beef Industry News
by DTN
Jul 1, 2011
The St. Louis, MO-company reported last Wednesday its net income rose to $680 million, or $1.26 per share, for the quarter ended May 31, compared with $384 million, or 70 cents a share, a year ago. It says revenue increased 21 percent to $3.59 billion..
Cattle and Beef Industry News
by DTN
Jun 24, 2011
Southeast producers are realizing they need to move their calves to save the cows. In some places, cattlemen are down to little or no forage at all and other feed sources are all in short supply. That report, from John Moseley Jr., marks a shift in the mindset of southeast cattlemen this year and another turning point for the market.
Cattle and Beef Industry News
by DTN
Jun 24, 2011
A complex combination of factors seems to bring on the condition. �The incidence of grass tetany is usually highest in the early spring,� says Lemenager. �Grass is lush, vegetative and has a high moisture and fatty acid content. Forages are usually low in magnesium and the soil is high in potassium and nitrogen.
Cattle and Beef Industry News
by DTN
Jun 17, 2011
More than half of the nations cow herd is struggling to survive through a drought that continues to spread across the southern Plains, and now the Southeast. Its a situation thats left many producers, especially those in Texas and New Mexico, looking for ways to hang on until its time for fall rains to set in.
Cattle and Beef Industry News
by DTN
Jun 3, 2011
With May fed cattle supplies hitting highs not seen since 2007, and beef in storage marking a 10-year peak, there are some serious questions in the cattle industry concerning where prices are headed going into the fall. The general consensus on selling feeder cattle: Wait, if you can.
Cattle and Beef Industry News
by DTN
May 27, 2011
Rich Porter thrives on ugly cattle. His order buyers in Georgia and Kentucky sit on their hands as their counterparts compete to outbid each other for the sleek, preconditioned calves that bring top dollar. Then Porters buyers scoop up the scrawny, malnourished and mismanaged bull calves that appear to have more value than they cost.
Cattle and Beef Industry News
by DTN
May 27, 2011
In response, the National Association of Conservation Districts (NACD) has encouraged USDA to release Conservation Reserve Program (CRP) lands for emergency haying and grazing. There are about 20 million acres enrolled in conservation practices that are eligible for emergency haying or grazing.
Cattle and Beef Industry News
by DTN
Nov 12, 2010
Ted Dyer didnt want to keep guessing about the effectiveness of commonly used dewormers in his cattle herd. So last year, the University of Georgia animal scientist conducted a trial on the Northwest Georgia Research and Education Centers weaned calves.
Cattle and Beef Industry News
by DTN
Nov 12, 2010
Fillets selling for $75 a pound? Ribeyes going for $50 a pound? How about ground beef priced from $7.50 to $14 a pound? Go to the Internet and click Wagyu (or Kobe) beef and you might think producers of this specialty beef cattle have discovered the road to riches.
Cattle and Beef Industry News
by DTN
Oct 29, 2010
While some areas of the U.S. are experiencing drought conditions that have dried up pastures and forced livestock producers to feed hay weeks earlier than usual, the overall outlook for hay supplies does not seem to be quite as severe.
Cattle and Beef Industry News
by DTN
Oct 22, 2010
Cow/calf producers and backgrounders who can hold onto animals a little longer and add forage-based pounds should be in a sweet spot to sell going into 2011. Corn prices, spurred ahead by lower-than-expected production and a drop in carryout, will now encourage feeders to opt for heavier animals than they may have wanted just a month ago.
Cattle and Beef Industry News
by DTN
Oct 22, 2010
The panel discussion, part of a CME Group Inc. conference on global financial leadership in Naples, FL, comes as the debate over food versus fuel returns. The issue had been dormant for much of the past two years, but heated up again in recent weeks as corn prices reached two-year highs.
Cattle and Beef Industry News
by DTN
Oct 1, 2010
Farmers could harvest sizable tax write-offs in a new small-business law giving extra incentives for end-of-year equipment and truck purchases. The U.S. House approved the legislation Sept. 24 following Senate action earlier this fall, and President Barack Obama signed it into law last Monday.
Cattle and Beef Industry News
by DTN
Sep 24, 2010
One minute past midnight, Dec. 31, 2010, the amount of taxes your heirs will pay goes from zero to a top rate of 55 percent. Would that be enough of a tax bill to drop the ax on the farm as family members are forced to sell a lifetime of work off in pieces to pay Uncle Sam?.
Cattle and Beef Industry News
by DTN
Sep 3, 2010
U.S. farm exports are forecast to increase to $113 billion in fiscal year 2011, the second-largest total on record, amid reduced competition from Russia and neighboring countries hit by drought, the Agriculture Department said last Tuesday..
Cattle and Beef Industry News
by DTN
Jul 9, 2010
Monsanto Co. said last week they will nearly double their investments into an already established joint venture to develop biotech crops, expanding their efforts to include a focus on wheat, a key food crop that as yet has no commercialized biotech variety.
Cattle and Beef Industry News
by DTN
Jul 9, 2010
Monsanto Co. said last week they will nearly double their investments into an already established joint venture to develop biotech crops, expanding their efforts to include a focus on wheat, a key food crop that as yet has no commercialized biotech variety.
Cattle and Beef Industry News
by DTN
May 7, 2010
Japanese and U.S. officials will meet soon, perhaps as early as this month, for the first in a series of planned sessions to discuss improving beef trade between the two countries, U.S. Department of Agriculture Secretary Tom Vilsack said last Tuesday..
Cattle and Beef Industry News
by DTN
Apr 30, 2010
Entomologists are concerned about high numbers of pasture-eating grasshoppers this year, though the extent of the infestation wont be known until late May or early June, according to Bob Wright, entomologist at the University of Nebraska-Lincolns (UNL) Institute of Agriculture and Natural Resources.
Cattle and Beef Industry News
by DTN
Mar 5, 2010
The scrapping of the national animal identification (ID) system in the U.S. simply means that USDA Secretary Tom Vilsack recognizes that some things can be better handled on a state-by-statenot nationalbasis, according to U.S. Meat Export Federation (USMEF) President Phil Seng.
Cattle and Beef Industry News
by DTN
Mar 5, 2010
The House Agriculture Committee voted unanimously last Wednesday to tell the House Budget Committee not to cut any agriculture programs in the fiscal year 2011 budget, but House Agriculture Chairman Collin Peterson, D-MN, said he will still move forward with his plan to consider cuts if Congress should go through the reconciliation process.
Cattle and Beef Industry News
by DTN
Feb 19, 2010
CME Group Inc. will launch futures contracts for distillers dried grains (DDGs), a byproduct of corn ethanol production that can be used to feed animals, the exchange operator said last week. Trading in the DDGs con- tracts will start on April 26.
Cattle and Beef Industry News
by DTN
Feb 12, 2010
Agco, which makes farm equipment under the Massey Ferguson, Challenger, Fendt and Valtra brand names, said it believed Europe and North America were stabilizing, but it still needed to reduce inventories in those markets by idling some facilities..
Cattle and Beef Industry News
by DTN
Jan 29, 2010
Biofuels makers have been waiting for the rules which are designed to implement a 2007 law that mandated an ever-increasing amount of biofuels be added to transportation fuel. This year, 12.95 billion gallons of renewable fuel must be part of the supply, up almost 17 percent from last year.
Cattle and Beef Industry News
by DTN
Jan 29, 2010
USDA trimmed its food inflation forecast for 2010, projecting prices at grocery stores and restaurants will rise at the same rate. USDA lowered the con- sumer price index for all food to gain 2.5 percent to 3.5 percent from its December forecast of 3 percent to 4 percent.
Cattle and Beef Industry News
by DTN
Jan 29, 2010
If you want to talk to a beef producer who really knows how to manage pastures, you cant do much better than Missouris John Wood. Forages are more than just one part of his herds feed regime; they are the only part.
Cattle and Beef Industry News
by DTN
Jan 22, 2010
Cargill Chairman and Chief Executive Greg Page noted the agribusiness gi ants earnings in the first half of the fiscal year were up 50 percent from the last half of the previous fiscal year amid cost controls and tapping both developed and faster-growing emerging markets.
Cattle and Beef Industry News
by DTN
Jan 15, 2010
Russia, which does not belong to the WTO, lowered its quota for U.S. poultry this year. But industry officials believe the chlorine issue will be worked out because Russia cannot yet produce enough to meet its needs..
Cattle and Beef Industry News
by DTN
Jan 15, 2010
Often, wills have been written with an expectation the estate tax structure that has been in place for years would continue, estate planners say. The wills typically direct that assets that are not subject to estate tax be passed on to childrenfor 2009, up to $3.
Cattle and Beef Industry News
by DTN
Dec 11, 2009
Nebraska is predicted to harvest the states largest corn crop in history this year, with a total production of nearly 1.6 billion bushels on a record yield of 178 bushels per acre. Yet, getting that crop in the bin is proving to be a challenge, according to a news release from the Nebraska Corn Board (NCB).
Cattle and Beef Industry News
by DTN
Dec 11, 2009
Rancher Polly Rex characterized the exemption as a loophole that could ultimately rob her of the means to grow hay and water her livestock. Rex said a subdivision of more than 60 homes going up next to her Absarokee, MT, ranch could eventually draw down the natural springs she uses on an adjacent 1,250-acre field.
Cattle and Beef Industry News
by DTN
Nov 30, 2009
In a normal El Ni o event, the combination of warmer than normal equatorial Pacific temperatures and a west-to-east subtropical jet stream component results in more generous wintertime precipitation in the southern third of the U.S.from south-central Kansas south through Texas, and east to Georgia and Florida.
Cattle and Beef Industry News
by DTN
Nov 13, 2009
The unseasonably wet and cool fall may leave dairy producers scrambling to find their supplies of dairy-quality hay for winter.Just as farmers have struggled to get row crops out of the field because of the rain and snow this fall, alfalfa growers also have found it difficult to get their last cuttings of alfalfa dried and put up, especially with the quality needed for dairy cattle, according to Dr.
Cattle and Beef Industry News
by DTN
Nov 6, 2009
A recall of more than 500,000 pounds of ground beef, for E. coli 0157:H7, has now been linked to two deaths, according to the U.S. Center for Disease Control. More than 28 people have also been sickened by the tainted product. The first fatality was reported in
Cattle and Beef Industry News
by DTN
Oct 9, 2009
The potential is still there for enrollment in fiscal year 2010, Coppess told a House Agriculture subcommittee. While were waiting on the regulation ... were evaluating that as well. We wont be able to put anything forward on the general sign-up until we have the proper regulation out.
Cattle and Beef Industry News
by DTN
Aug 28, 2009
Financial influenza could be spreading through farm country later this fall. While only a tiny fraction of all farm loans have been affected to date, the pork and dairy industries have eroded huge portions of their lifetime equity in the last year and face a wave of restructurings or forced sales in the next few months.
Cattle and Beef Industry News
by DTN
Aug 28, 2009
It is taken on faith that this years farmland rental rateswhich hit $500 per acre in a few cases in Illinoisreflect last years economy at least, if not the past couple of years. Landlords nearly everywhere set higher rental rates this year because 2008s crop income was so good.
Cattle and Beef Industry News
by DTN
Aug 28, 2009
Proposed food safety legislation calls for a full history of the food. That means every point in the supply chain, from the feed additive producers to the retailers who sell consumers their dinner, will have to communicate with each other about every step in the creation, production, packaging and transport of that product.
Cattle and Beef Industry News
by DTN
May 1, 2009
The U.S. beef industry could lose $13.2 billion a year in market access overseas if a more robust livestock tracking system is not adopted, a study released by the Agriculture Department said last Wednesday. The report, written by university researchers, said the international market expects exporters to have animal identification and tracing systems.
Cattle and Beef Industry News
by DTN
May 1, 2009
Senatorial holds placed on the nomination of Gary Gensler to chair the Commodity Futures Trading Commission (CFTC) are increasing Wall Streets power to stop efforts to boost regulation of credit default swaps and other derivatives, House Agriculture Committee Chairman Collin Peterson, D-MN, said last Tuesday.
Cattle and Beef Industry News
by DTN
Apr 17, 2009
South Korea has reclaimed its position as the No. 3 market for U.S. beef after lifting a five-year ban put in place following the first case of mad cow disease in the U.S. in 2003. Industry sources expect sales to South Korea to continue rising in coming months amid some stability in the currency markets and as the cookout season begins.