Farm Operations

USDA Announces Seven Day Dairy Margin Extension

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October 30th, 2014

The USDA announced yesterday a seven-day extension for dairy farmers to sign up for the new dairy margin protection program (DMPP).  The original due date for farmers to sign up for both 2014 and 2015 was November 28, 2014.  The additional extension means that farmers now have until December 5, 2014 to sign up for the program. […]

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How ARC-IC Pays on “Planted Acres”

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October 28th, 2014

We got the following question from a reader: “I enjoyed your article regarding ARC-IC calculations.  I’m wondering if you could further explain how ARC-IC is paid on planted acres vs. base acres.  Everything that I have read states that ARC-CO & ARC-IC are paid on 85% and 65% of Base Acres and that planted acres […]

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If You Want Crop Insurance Subsidies, Be In Conservation Compliance

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October 22nd, 2014

For farmers to continue to receive premium subsidies for crop insurance, they must be in conservation compliance with the local FSA office.  In order to be in compliance, the producer must file form AD-1026 with the FSA.  If you already participate in any of the farm programs, you are in compliance. However, if you have never […]

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APH Yield Exclusion to be Available on Certain 2015 Spring Crops

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October 21st, 2014

The RMA announced today that the APH yield exclusion will be available for most 2015 spring crops.  The APH yield exclusion allows farmers to exclude their own yields anytime the county or contiguous counties have a current yield that is less than 50% of the 10 year county yield.  For example, assume a Texas wheat farmer farms […]

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Base Reallocation Q & A

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October 19th, 2014

We have gotten numerous questions regarding the base reallocation election available to owners and we are summarizing these in a Q & A format: Q. Can I increase my base acres? A. No. You cannot increase or decrease your base acres.  Those total acres are set; however, you are allowed to reallocate those acres from […]

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Join Andy Biebl, Lance Woodbury and Myself

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October 15th, 2014

DTN/Progressive Farmer puts on an Ag Summit in Chicago every year in December.  This year on Sunday December 7 from 1 pm to 5 pm, Andy Biebl, Lance Woodbury and myself will be doing a joint presentation on Farm Retirement and Transition Planning.   Some of the key topics that Andy and I will be presenting […]

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Complacency about Fraud Exacts a Heavy Cost

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October 14th, 2014

The Association of Certified Fraud Examiners (ACFE) has produced a new infographic, “The Cost of Complacency”, warning about the costs to organizations of being overly complacent about financial fraud. The data was compiled by the ACFE for its 2014 Report to the Nations on Occupational Fraud and Abuse. Here are a few highlights from the […]

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Taxable is Taxable -Whether a 1099 or not!

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October 6th, 2014

I got this question from one of our readers: “Are rebate checks that are received through a growers rewards program from Seed Company for the purchase of seeds taxable as income? I do believe it is but the wholesaler is saying it isn’t because you don’t get a 1099! ” I tend to get several […]

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Operating Farm Loan Volume Up in 2nd Quarter

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October 1st, 2014

The Chicago Federal Reserve issues a quarterly Ag Letter that recaps the major financial changes occurring in the states that it serves.  The states comprise the 2 largest corn states (Iowa and Illinois) plus Indiana, Michigan and Wisconsin.  Here are some of the major themes from their latest letter: Farmland values for the second quarter […]

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Key Dates for Farm Programs

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September 30th, 2014

The FSA has posted on their website the updated key dates for ARC and PLC sign up as follows: The reallocation of base acres and updating of payment yields (for PLC) started yesterday (September 29, 2014) and will extend until February 27, 2015.  Although the option to update payment yields is strictly for PLC election, […]

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