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22 Jun 2022
MT. JULIET, Tenn. (DTN) -- President Joe Biden wants Congress to suspend federal gasoline and diesel taxes for 90 days and asked for states to do the same. A potential pause on the collection of the 18.4-cents-per-gallon federal gasoline tax and the 22.4-cents-per-gallon federal diesel tax is aimed at reducing prices for consumers during the peak s...
22 Jun 2022
LINCOLN, Neb. (DTN) -- Agriculture interest groups and food companies told the U.S. Securities Exchange Commission the proposed climate-reporting rule could ultimately threaten the future of rural communities by requiring farmers and ranchers to spend more time and money to comply at a time when margins are tight. The SEC closed a public-comment pe...
22 Jun 2022
OMAHA (DTN) -- After roughly two years of political wrangling, the U.S. Senate Agriculture Committee on Wednesday advanced a bill that would require major meatpackers to buy a certain percentage of their cattle through negotiated cash trade sales. In a business meeting, senators spotlighted their support or opposition to the cattle markets bill, as...
22 Jun 2022
OMAHA (DTN) -- Retail fertilizer prices continued to move just slightly lower the second full week of June 2022, according to retailers surveyed by DTN. This is the third week in a row that most prices were less expensive. Seven of the eight major fertilizers prices were lower compared to last month, but none were down a considerable amount. DTN de...
22 Jun 2022
WACO, Neb. (DTN) -- Under blue skies and rising heat and humidity June 16, Jeff Obermier, along with his son Brayden and their neighbors and friends, worked to get grain out of big bins now mostly topless and crumpled like tin cans. Next to trees with some of their tops sheared off and a shredded, twisted corn crop in the field, a line of semis wai...