Farm Industry Trends

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    July 27th, 2015


    Organic, Conventional or GMO

    The Federal Reserve of Kansas City just had their annual Ag Symposium about two weeks ago.  One of the presentations was by Jill McCluskey, a professor at Washington State University on the demographic trends and consumer preferences regarding food.  The highlights of her presentation were as follows: Processed and fast food is the old trend – Farmers’ […]

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    July 22nd, 2015


    For the Craft Beer Lovers

    The Financial Times had an article last week regarding the rise in Hop prices for craft breweries partly due to the heat in the Pacific Northwest.  About 90% or more of hops grown in the US is located within 30 miles of Yakima, Washington. I have spent many years in Yakima and when hop harvest […]

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    July 20th, 2015


    WA State Piece Rate Workers Must Be Compensated for Breaks

    The WA Supreme Court decided on July 16, 2015 in Demetrio v. Sakuma Bros. Farms, Inc. that employers must pay piece rate workers for rest periods “separate and apart from the piece rate.”  Farm workers paid by the task are entitled to rest-break pay above the negotiated piece rate.  This ruling is the result of a […]

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    July 20th, 2015


    Me and the Case IH 9230

    My cousins farm in Walla Walla County and this year they had purchased a two year-old Case IH 9230.  This is a Class 9 combine and the only one bigger from Case IH is the new 9240.  Wheat harvest is about two weeks early this year and normally I would operate the combine for a couple days in early […]

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    July 19th, 2015


    Senate Finance Committee to Markup Tax Extenders Bill This Week

    The Senate Finance Committee will hold a meeting this week to markup legislation that will extend dozens of expired tax provisions likely for all of 2015 AND 2016. Included in the bill of special interest to farmers is the following: Section 179 would remain at $500,000 for 2015 and 2016 reverting back to $25,000 in […]

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    July 14th, 2015


    CHS will not issue Non-Qualified patronage, will issue DPAD

    In a recent news release, the CHS Board of Directors has announced that the company will not issue non-qualified equity to eligible member-owners as part of its patronage distribution for fiscal year ended August 31, 2015. Also, because of this, CHS will pass through to eligible owners the unused portion of the company’s IRS Section […]

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    July 13th, 2015


    Not Filing a Information Return is Getting More Expense

    Late last month Congress passed the Trade Preferences Extension Act of 2015 to continue the fast track of trade negotiations (TPA, etc.).  However, to pay for part of the Act’s provisions, the Act increased the penalties for not filing information returns (Form 1099) and the increase can be substantial in the case of multiple non-filed […]

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    July 10th, 2015


    Updated PLC Yields Much Higher Than Old Yields

    One of the options available to landowners under the 2014 Farm Bill was to update their yield to 90% of the average yield from 2008 to 2012.  A producer could retain the old CCP yield which in many cases had not been updated since the 1980s or update to the new yield.  Producers who elected […]

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    July 9th, 2015


    Senate Finance Committee Releases Tax Reform Reports

    The Senate Finance Committee just released four reports on possible tax reforms yesterday.  The reports were on the following aspects of tax reform: The Business Income Report The Community Development and Infrastructure Report The Individual Tax Report The Savings and Investment Report In today’s post, I will recap some of my findings from the first […]

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    July 7th, 2015


    It’s Official – No PLC Payments for Wheat, Barley and Oats!

    Wheat, Barley and Oats have a marketing year that ends May 31.  The USDA released the final 2014/15 MYA prices for each crop as follows: Wheat – $5.99 Barley – $5.30 Oats    – $3.20 In all cases, the MYA price for each crop exceeded the reference price called for in the 2014 Farm Bill.  These references […]

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