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    March 11th, 2015


    IRS Provides Guidance on Repair Regulations

    I am not sure if I have seen more angst from tax preparers over the last year (other than Obama Care) than on the new Repairs Regulations that came out over a year ago.  Many preparers assumed that wholesale Form 3115s were needed to accompany all of taxpayers tax returns for the 2014 tax filing […]

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    March 9th, 2015


    Farm Bill Webinar

    I will be doing a farm bill webinar for Farm Journal Media tomorrow, March 10 at 11 am CST.  There will also be two more planned webinars on March 17 and March 24.  If you still have questions about the new farm bill, I would certainly recommend listening in on these webinars.  Tomorrow’s primary topic will be […]

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    March 5th, 2015


    The Rural Main Street Index Slumps Into Negative Territory

    The February Main Street Index from Creighton University finally slumped into negative territory.  The January reading had been slightly above neutral at 50.9, but slumped sharply in February to 46.4.  The lowest index readings for the 10 states surveyed was in Nebraska at 44.4 with Minnesota slightly ahead at 44.6.  The best reading was for […]

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    March 2nd, 2015


    IRS Has Impeccable Timing (As Usual)

    It was announced a couple of weeks ago that about 800,000 Form 1095-A were issued by the government with incorrect information.  As a result of this error, the government has issued relief from certain filing requirements or penalties associated with these incorrect forms. The latest News Release was released just last Friday indicating that qualifying farmers […]

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    March 1st, 2015


    What is Your Current RP Guarantee

    Last Friday was the last day of the discovery price period for corn, soybeans, spring wheat and some other crops.  We now know that the corn price should be $4.15 (2014 – $4.62) and soybean price should be $9.73 (2014 – $11.36).  Spring wheat price should be $5.85 (2014 – $6.51).  These lower guarantee prices […]

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    February 27th, 2015


    ARC-CO Reports Are Net Not Gross

    A reader sent an email to us indicating our reports of ARC-CO payments on corn for his county in Iowa were not correct.  This is a case where both of us are correct.  Our reports that we issued this week showed the estimated ARC-CO payments for each county on a net basis.  He was looking […]

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    February 26th, 2015


    Let’s Not Forget Wheat, Barley and Sorghum!

    Earlier this week we had posted reports on various estimated ARC-CO payments assuming various MYA prices for Corn and Soybeans.  In this post, we are releasing reports for ARC-CO for wheat, barley and sorghum for all of the NASS counties.  Again, make sure to understand that these are simply calculations assuming NASS yields will equal final FSA […]

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    February 24th, 2015


    NASS Yields To FSA Yields

    We had someone note that the yields per NASS do not tie out to the final yields per FSA.  I had taken a look at this a while back and noted that corn yields were usually within a bushel or two, but decided to review previous year’s corn yields and see how much of a […]

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    February 23rd, 2015


    Soybean Estimated ARC-CO Payments

    Yesterday, we released a report on the estimated corn ARC-CO net payments per acre based upon a corn MYA price ranging from $3.50 to $4.00.  Today, we are releasing the estimated soybean ARC-CO net payments based upon soybean MYA prices ranging from $9.25 to $10.50 in 25 cent increments.  I was surprised how many counties […]

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    February 22nd, 2015


    Estimate of 2014 Corn ARC-CO Payments for $3.50-$4.00 Corn

    As in our previous post, I spent a lot of my day on Friday taking NASS data released last week and coming up with my estimates of corn ARC-CO payments for the 2014 crop year.  Several readers have already asked me for data on their county and since I finally made it home from Iowa […]

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