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3 Sep 2021
Most of what we hear or read about passing the family business to the next generation is positive. Farm- or ranchland, financial assets, life lessons and family values are the primary assets we hope to transition to others. Indeed, significant time and money are invested in making sure things of value pass with as little tax or family friction as p...
2 Sep 2021
By Mary Kennedy, DTN Basis Analyst and Chris Clayton, DTN Ag Policy Editor OMAHA (DTN) -- Grain companies with terminals along the lower Mississippi River are looking at shifting more of their committed grain and soybean exports to ports in the Pacific Northwest while damage assessments and repairs begin in earnest following Hurricane Ida. Hurrica...
2 Sep 2021
Six-dollar corn is expensive to grow. The University of Illinois projects corn farmers' non-land costs will climb by $70 per acre next year, leaving a much thinner profit outlook than corn prices might suggest. Joe Sinclair, president of national ag chemical wholesaler Quality Ag Service, recently told DTN's Elizabeth Williams that he advises farme...
2 Sep 2021
What a wild ride. No, not COVID or politics. I'm talking about the weather -- from drought and fires to floods. Because of the weather's significant impact on farmers this year, I want to review a few planning opportunities to help mitigate the potential tax consequences. Many farmers will defer the 2021 crop into 2022 to delay recognition of incom...
1 Sep 2021
ROCKVILLE, Md. (DTN) -- If the country's wheat farmers needed another incentive to grow award-winning, high quality wheat, they just got one. Next year's 2022 National Wheat Yield Contest will give out $500 cash rewards to national winners whose 6-lb. wheat samples reach certain quality standards. The contest, now in its sixth year, has tested the ...