May, 2011

Retail Coffee Prices Up 38% in One Year

By: | Trackback URL | 2 Comments

May 25th, 2011

This week, Smuckers, the makers of Folgers and Dunkin Donuts retail coffee announced an 11% increase in the cost of their coffee.  This comes on top of a 10% increase in February, a 9% increase in August of last year and a 4% increase in May of last year.  If you apply all of the increases […]

More

Don’t Be A Hobby Farm

By: | Trackback URL | 3 Comments

May 23rd, 2011

Many of our readers will ask us questions about starting a farm, however, when discussing it with them, many of them are talking about a hobby farm and not a real farm.  For tax purposes, a hobby farm has some very unfavorable consequences to the farmer.  Net income is always reported, however, a net loss […]

More

Are High Wheat Prices Contributing to Mideast Turmoil?

By: | Trackback URL | 1 Comment

May 20th, 2011

The Thursday edition of the Wall Street Journal had a front page article on how the rapid increase in wheat prices is contributing to the turmoil in the Mideast.  Most of the Mideast countries consume a much higher percentage of wheat in their diet than any other countries in the world.  For example, Americans consume […]

More

Components May Qualify for 100% Bonus Depreciation

By: | Trackback URL | No Comments

May 18th, 2011

In a post a couple of days ago, I indicated that a new Ag building placed in service after September 8, 2010 but where the construction started before that date would not qualify for 100% bonus depreciation, but would qualify for 50% bonus depreciation. There is one exception to this rule that may help farmers […]

More

Are You Ready For The Whipsaw?

By: | Trackback URL | No Comments

May 17th, 2011

With the turmoil in the world commodity markets and the concern about the flooding and weather conditions in the US, farmers can expect that their commodity prices are going to whipsaw up and down very rapidly over the next several months.  A key to not getting personally whipsawed is to have a written plan in […]

More

Watch Your Date of New Construction

By: | Trackback URL | 2 Comments

May 12th, 2011

The tax law passes late last year had a very favorable tax treatment for the construction of new farm buildings.  In that law for any new farm buildings placed in service after September 8, 2010 and before January 1, 2012, a farmer would be able to write off 100% of this new construction cost in […]

More

Motorcycle Ride to LA

By: | Trackback URL | No Comments

May 3rd, 2011

Just a personal note to let you know that a friend and I are riding our motorcycles to Los Angeles from Yakima for my second’s son college education.  Two down and two to go. I will be gone from today until next Tuesday and may not do any postings between now and then. Paul NeifferPaul […]

More

If Grain Markets Are Topping, Start Locking In Profits

By: | Trackback URL | No Comments

May 2nd, 2011

During 2008, grain markets were almost as high as they are now, however, many farmers were not able to take advantage of these prices either through already having their crop sold or through inaction by the farmers. I don’t know how many times I have heard a farmer in my office or out in the […]

More

Subscribe to this blog by:

Previous Posts

Events

View upcoming speaking engagements and other networking events for Paul Neiffer and CliftonLarsonAllen’s agribusiness team.

See All

  • Twitter Feed

    If average cash rents drop $50 this fall and cash return is 2% equals drop in average land values of $2,500. We shall see. 2 hours ago

    2 years ago corn + beans + wheat was almost $40. Now it is under $20. 3 hours ago

    Great time with @MRRChip today on Market Rally talking about the new farm bill. 1 day ago

    Drove over 2,000 miles in last 12 days. Saw a lot of good looking corn. Beans not so much 3 days ago

    When you drive through Minnesota, South Dakota and Iowa this time of year you see a lot of corn and beans and not much else 2 weeks ago

    Possible another reason for high US corn yield estimates is acres switched to beans were lower yield corn acres 2 weeks ago

    Don't understand why nobody claims the USDA manipulates the data when the report is bullish 2 weeks ago

    USDA pegged lower corn production but if yields trends continue this will quickly change to production increase. 2 weeks ago

    The soybean YO-YO is well underway 2 weeks ago

    If prices stay where they are at I estimate some farmers will $100 ARC payments next October. Could be difference between profit & loss 2 weeks ago