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4 Jan 2021
With all the talk about potential changes to estate tax laws, I thought it would be a good idea to go back to the basics and discuss stepped-up basis. When a person passes away, his or her assets are transferred to the beneficiaries in multiple ways. Most common is intestate (without a will), will, trust, joint ownership and beneficiary designation...
4 Jan 2021
OMAHA (DTN) -- A new class-action lawsuit seeks compensation for farmers and other property owners who suffered property losses from repeated floods on both sides along a 240-mile stretch of the Missouri River. The lawsuit is seeking compensation for a class of farmers from Burt County in northeast Nebraska to Leavenworth County, Kansas, after a fe...
31 Dec 2020
OMAHA (DTN) -- As biofuel producers attempt to force EPA to restore 500 million gallons that a court found were improperly waived from the Renewable Fuel Standard in 2016, a petroleum interest group is arguing those groups have no right to have the gallons remanded. In 2017, the U.S. Court of Appeals for the District of Columbia Circuit ruled the E...
31 Dec 2020
Perhaps it was the ancient Egyptians who first put a public price on next year's grain harvest, a radical innovation that gave farmers some certainty and motivation to grow as much grain as possible, fueling a great empire. History tells us it was the medieval Japanese shoguns who first formalized grain trading with interchangeable futures contract...
30 Dec 2020
OMAHA (DTN) -- A federal court issued a temporary restraining order on Monday barring the EPA from implementing a new rule on pesticide application exclusion zones. A number of farm worker groups sued EPA on Dec. 16, 2020, in the U.S. District Court for the Southern District of New York, alleging the new rule, which was finalized in October, weaken...