Nov 14, 2012
blog

Watch The Food Dialogues: New York Live; Event Covers Biotechnology, Anitbiotics, Food Choices

For most farmers, growing crops and raising cattle isn’t just a job. It’s a way of life. It’s a passion. You take it seriously, and you want others to take it seriously, too. More and more these days, farmers are falling under the microscope for their practices. Whether it’s using GMOs, the way you house your livestock, the feed you use, consumers around the U.S. are watching what you’re doing. Their main concern: food safety....More
Nov 13, 2012
blog

USDA Increases Expected Soybean Production 3

The USDA Crop Production report released on Nov. 9 increased the estimated total soybean production in 2012 to 2.97 billion bushels, which is 4% above the 2.86 billion bushel estimate in October. The 2012 soybean production estimate is still 4% lower than the 2011 U.S. soybean production of 3.09 billion bushels, and 11% below the 2010 production level of 3.33 billion bushels. This production increase is a fairly major production adjustment for this late in the year....More
Nov 13, 2012
blog

China to Stockpile Corn, Soybeans Again

China’s government is set to start stockpiling domestic corn and soybeans from this year’s harvest and will reportedly offer farmers substantially higher prices than it did a year ago, which could boost demand for imports....More
Nov 13, 2012
blog

Enthusiastic About the Future of Agriculture: Top-Ten List, No. 7 7

In recent columns, I have discussed why I am enthusiastic about the future of agriculture. This request came from an agricultural broadcaster in the Northwest, placing a positive slant on the future of agriculture. In previous columns I have discussed the five dimensions, the convergence of technology and one size does not fit all. Now let's move to number seven, profitability....More
Nov 12, 2012
blog

Tax Tips for Farmers: The Case for NOT Prepaying Expenses 1

It’s standard practice for farmers, who are cash basis taxpayers, to accelerate expenses at year-end. Paying fertilizer, seed and chemical bills prior to Dec. 31 can create a paper loss and reduce your current year taxable income to near zero or below. The sister practice is to defer income into the following year by holding a portion of your corn and soybean crop to be sold after Jan. 1....More

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