26 Jan 2024
Most farmers don't want to show self-employment (SE) income. After all, why pay the SE tax? To avoid it, they set up complex structures to reduce/shift income. But is paying an SE tax bad? Are there any benefits to showing SE income? Before discussing why some SE income is good, let's talk about the consequences of avoiding the SE tax. First, when ...
26 Jan 2024
OMAHA (DTN) -- Among Karl Jacobson's chores this week was buying alfalfa hay from a neighbor. The Concordia, Kansas, farmer and cow-calf producer was short of hay this winter for his herd because of the continuing drought affecting parts of the Western Corn Belt (WCB). "My alfalfa was half of what I normally get," Jacobson said. "My prairie hay was...
26 Jan 2024
DTN Midday Livestock Comments 01/26 11:48 Demand Keeps Livestock Contracts Running Higher All three livestock markets are trading higher as Friday's noon hour nears. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: As the market nears Friday's noon hour, the livestock contracts continue to trade higher as demand continues to be a supportive f...
26 Jan 2024
DTN Midday Grain Comments 01/26 10:54 Corn, Soybean and Wheat Lower at Midday Friday Corn trade is 4 to 6 cents lower, beans are 9 to 10 cents lower and wheat trade is 10 to 18 cents lower. David M. Fiala DTN Contributing Analyst MARKET SUMMARY: The U.S. stock market is firmer at midday with the S&P 9 points higher. The dollar index is 20 points lo...
26 Jan 2024
Cotton AWP/LDP 01/26 09:04 Weekly cotton Fine Count Price and Adjustment data. Adjusted | Fine Fine LFQ as % LFQ | Count Count of ELS Price USPFE | Adj Adj Adj Week Loan USPFE Adj For Less | World 2022.00 2023 CCA LDP Date Rate Price Quality LFQ | Price Crop** Crop** 01/26/24 | 67.64 0.48 0.73 0.00 0.00 01/11/24 169.86 225.00 185.00 39.00 | 64.28 0...