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    November 11th, 2014


    Where’s the Beef

    Yesterday, I posted on work pork production.  Today I will recap world beef production (again from the 2014 Agricultural Symposium).  Here are some of the key points: Total beef production has held steady between 56 and 59 million metric tons over the last 10 years (about half of total pork production). US produces about 11 […]

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    November 11th, 2014


    Sheldon, Iowa is Cold

    David Repp and I are teaching day 2 of the ISU-CALT Farm and Urban Tax School in Sheldon, Iowa today.  I also did this same class last year at the same time and although today’s temperature is about 18 degrees, last year is the temperature was even lower at about 4 degrees. I thought I would update […]

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    November 10th, 2014


    What About Pork?

    Every once in a while, I like to post of interesting facts about food production around the world.  I came across the 2014 Kansas City Federal Reserve Agricultural Symposium that was held this summer and found a presentation by Derrell Peel, a professor at Oklahoma State University.  Here is a recap of some interesting facts […]

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    November 9th, 2014


    DOL Plays Hardball (Don’t Shoot the Messenger)!

    The Department of Labor released last week an updated Q & A related to the reimbursement of health insurance premiums by employers and the use of Section 105 plans to possibly get around these restrictions.  Although I am including the link, I will actually show the three Q & A from the DOL so there […]

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    November 5th, 2014


    A Christmas Present?!

    Now that the mid-term elections have resulted in a landslide for Republicans (who have two years to not mess it up), we turn to the lame-duck congressional session that will occur between now and the end of the year.  In the session two years ago, Congress extended many “extenders” including keeping Section 179 at $500,000 […]

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    November 5th, 2014


    Make sure to fairly compensate piece-rate employees

    A recent settlement in Washington state has one farm potentially paying an out-of-court settlement amount that will approximate $850,000 for back pay and legal fees.  You can find a full detail of the story here. The lawsuit discussed in the article alleges the berry farm failed to pay workers for all the time they spent […]

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    November 4th, 2014


    Final Harvest Prices

    The University of Illinois today posted on their FarmDoc Daily analysis on the final harvest price for corn and soybeans.  The spring projected price for corn was $4.62 and the final harvest price was $3.49 which is about 24% lower.  This means if you elected 85% RP crop insurance coverage, you will have a crop […]

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    November 2nd, 2014


    IRS Announces Various Inflation Adjusted Items

    Last night I rode in the combine in Northeastern Iowa from about 7 pm to about 2:30 am.  We cut about 10,000 bushels of corn with a John Deere S680 and I must admit there is something therapeutic about seeing corn come into the combine and then get dumped into the grain cart.  I look […]

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    October 30th, 2014


    USDA Announces Seven Day Dairy Margin Extension

    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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    October 28th, 2014


    How ARC-IC Pays on “Planted Acres”

    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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