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30 Nov 2016
By Pam Smith DTN Progressive Farmer Crops Technology Editor and Chris Clayton DTN Ag Policy Editor (Dow Jones) -- Income for U.S. farmers will fall 17.2% this year to a seven-year low, as falling livestock revenues add to pressure from lower grain prices across the Farm Belt. The Agriculture Department on Wednesday said net farm income will drop ...
30 Nov 2016
By Russ QuinnDTN Staff Reporter OMAHA (DTN) -- As has been the case in the last few weeks, retail fertilizer prices continue be mixed the fourth week of November, according to fertilizer retailers surveyed by DTN. Six of the eight major fertilizers slipped lower compared to a month earlier, and again none of these moves were significant. DAP avera...
30 Nov 2016
By Andy BieblDTN Tax Columnist As tax preparation season begins, here are a few thoughts that may be of benefit at year-end: ASSET EXPENSING Most ag producers are well aware of the $500,000 Section 179 first-year deduction that's available for 2016, as well as the 50% bonus depreciation available on new (not used) assets. Their tax records will ne...
29 Nov 2016
By Jim PatricoProgressive Farmer Senior Editor Fidel Castro's death Nov. 25 set off a round of speculation about Cuba's future, which could have implications for American farmers eager to trade with the island country. Fidel's brother Raul has been running the family business for the last eight years while Fidel's health faded. During that time, Cu...
29 Nov 2016
By Todd NeeleyDTN Staff Reporter OMAHA (DTN) -- The Renewable Fuel Standard is unlikely to meet its goal of reducing greenhouse gas emissions, a new Government Accountability Office report concludes, pointing to a number of issues with the law and possible solutions for making it work better. The GAO completed an audit of the program at the reques...