Latest News From Farm Business - General

Open Season: Taxidermist and Deer Processor Defeats Government Intrusion
Open Season: Taxidermist and Deer Processor Defeats Government Intrusion

Jeremy Bennett was prosecuted for denying the state entry to his private business.

Corn and Cocaine: Roger Reaves and the Most Incredible Farm Story Never Told
Corn and Cocaine: Roger Reaves and the Most Incredible Farm Story Never Told

Roger Reaves forged the most astounding farm life of modern times. Row crops to moonshine to marijuana to cocaine, he was the highest paid narco-pilot in history.

‘Green Book’ Proposals Could Mean Substantial Tax Increases
‘Green Book’ Proposals Could Mean Substantial Tax Increases

Paul Neiffer, The Farm CPA, details some of the Biden administration's 2025 budget plans and how they could affect farmers if approved. Of the provisions, only one would potentially help farmers, he says.

Top 5 Takeaways From the Latest Census of Agriculture
Top 5 Takeaways From the Latest Census of Agriculture

USDA NASS has released the 2022 Census of Agriculture data, which revealed important information about the current state of agriculture.

2024 Top Producer Of The Year Christine Hamilton: Driven For Excellence
2024 Top Producer Of The Year Christine Hamilton: Driven For Excellence

At Christiansen Land and Cattle, they’re committed to excellence and continuous improvement, a mindset that started when Christine Hamilton’s family homesteaded in South Dakota in 1891.

US Justice Department Probing ADM Accounting Practices
US Justice Department Probing ADM Accounting Practices

According to two sources, in recent days the U.S. Attorney's Office for the Southern District of New York has interviewed former ADM employees, ramping up pressure on the global commodities giant.

Family Farm Compensation: Strategies for Financial Harmony
Family Farm Compensation: Strategies for Financial Harmony

Farm family coach Elaine Froese and HR expert Lyndsay Seafoot unpack why fair pay matters, how to structure wages, who to pay and how to shift limiting money mindsets.

Why Ag Economists Think Net Farm Income Could Fall to Lowest Level in 3 Years
Why Ag Economists Think Net Farm Income Could Fall to Lowest Level in 3 Years

Ag economists’ views on the ag economy took a dive in the first Ag Economists’ Monthly Monitor of 2024; however, relatively strong balance sheets and working capital could provide a cushion for 2024. 

ADM Puts CFO On Leave With Ongoing Investigation In Cooperation with SEC
ADM Puts CFO On Leave With Ongoing Investigation In Cooperation with SEC

Vikram Luthar’s leave is pending an ongoing investigation being conducted by outside counsel for ADM and the Board’s Audit Committee.

Be proactive in managing through financial stress
Fraud Alert: Don’t Fall Victim to These Common Schemes

Farmers routinely handle high-dollar transactions — and the nature of the payments, often through unsecure methods, leaves them susceptible to foul play.

One-Participant 401(k): A Tool for Farmers and Ranchers
One-Participant 401(k): A Tool for Farmers and Ranchers

According to USDA, only 40% of farm households participate in some type of retirement account. Here's a way to potentially save money for retirement, reduce taxable income, and have more borrowing options.

How to Set Goals for Your Ranch
How to Set Goals for Your Ranch

'Tis the season for New Year’s Resolutions and reflecting on the past 12 months. Here's some tips to help with the goal setting process that will keep you on track throughout the year.

From a Recession in China to $4 Corn, Here Are 10 Potential Surprises Ag Economists Say Could Impact Agriculture in 2024
From a Recession in China to $4 Corn, Here Are 10 Potential Surprises Ag Economists Say Could Impact Agriculture in 2024

From the election to world trade, as well as geopolitical factors that have the potential to shape agriculture in 2024, the December Ag Economists' Monthly Monitor shows the possibility of several economic surprises.

Prevent Quitting: Keep Employees Top of Mind in 2024
Prevent Quitting: Keep Employees Top of Mind in 2024

These 10 steps can help keep your employees from walking away.

Texas-Based Cattle Company Accused of $191 Million Investment Fraud
Texas-Based Cattle Company Accused of $191 Million Investment Fraud

Agridime LLC, is facing allegations of orchestrating a cattle Ponzi scheme involving $191 million in investor funds and undisclosed sales commissions.

Latest in Ag Innovation to be Featured at Feb. 13 Forum
Latest in Ag Innovation to be Featured at Feb. 13 Forum

The latest ideas in cutting-edge technology for agribusiness will be featured at a Feb. 13 Forum in Kansas City. Here's more information about who will be there.

Dairy and Beef: A Merger of Many Merits
Dairy and Beef: A Merger of Many Merits

Beef cross calves are currently generating healthy profits for dairies. They also are a welcome addition to the beef supply chain, according to Dr. Zeb Gray, Beef Technical Feedlot Specialist with Diamond V.

Top 5 Risks on Your Operation Explained
Top 5 Risks on Your Operation Explained

How well prepared is your operation to manage risk? Here’s a list of the top 5 risks and ways to mitigate the challenges.

KC Fed: Credit Conditions For Livestock Producers To Improve, Deteriorate For Crop Farmers
KC Fed: Credit Conditions For Livestock Producers To Improve, Deteriorate For Crop Farmers

Farm income is expected to drop notably from last year alongside lower revenues and higher expenses, but remain well above the historic average.

Thanksgiving Food Costs Reflect A Healed Supply Chain
Thanksgiving Food Costs Reflect A Healed Supply Chain

A traditional Thanksgiving feast reflects two current trends in food-at-home economics: increased retail food costs vary by category and the supply chain is back to pre-COVID patterns.

New Legislation Looks To Connect Farmland And Ranchland To Broadband
New Legislation Looks To Connect Farmland And Ranchland To Broadband

The Last Acre Act would help expand high-speed internet access across eligible farmland, ranchland and farm sites. At least 15% of farms and ranches have no access to the internet today. 

High Interest Rates Are Already Impacting Farmers, And It's Coming at the Expense of Ag Loans
High Interest Rates Are Already Impacting Farmers, And It's Coming at the Expense of Ag Loans

Farmers are opting to tap into their savings from recent prosperous years instead of taking out loans at the highest interest rates since 2007, according to surveys conducted by regional Federal Reserve banks.

House Nominates Scalise for Speaker, the Farm Bill Needs an Extension
House Nominates Scalise for Speaker, the Farm Bill Needs an Extension

Work by the House or Senate Agriculture Committee on a new farm bill is essentially stalled, Randy Russell tells AgriTalk's Chip Flory. Russell says that could be the case until government funding issues are resolved.

Veterinarian
Need A Veterinarian In Your Area? Then Support This Legislation Now

Less than 5% of new grads choose rural food animal practice. That needs to change to protect the U.S. food supply and public health. Contacting legislators is one way farmers and ranchers can weigh in and help.

John Phipps: Is There Really a Shortage of Truck Drivers?
John Phipps: Is There Really a Shortage of Truck Drivers?

In early 2022, a possible trucker shortage grabbed headlines, but John Phipps says even today, there isn't much hard data to substantiate that alarm.

Food Inflation Outlook for 2023 Drops Below Previous Projections
Food Inflation Outlook for 2023 Drops Below Previous Projections

For 2024, USDA projects that food price inflation will be lower than that seen in 2023 and significantly lower than the rise seen in 2022.

Major CRP Changes Could be Coming in the Farm Bill
Major CRP Changes Could be Coming in the Farm Bill

House Republicans, particularly on the House Ag Committee, are debating changes to the Conservation Reserve Program as part of the upcoming farm bill reauthorization.

John Phipps: Are Farmers Losing Interest in the Farm Bill?
John Phipps: Are Farmers Losing Interest in the Farm Bill?

Farm Bill discussions and debates don't pack as much drama for producers. According to JohnPhipps, there's an unspoken realization that the Farm Bill doesn’t have the same influence on the farm economy it once did.

Fill Farm Management Gaps to Maximize Farm Productivity
Fill Farm Management Gaps to Maximize Farm Productivity

“Most farms don’t have the time, capabilities, perspectives, resources or desire to do all the tasks it takes to run an operation," says Steve Kluemper, AgriStrategies LLC founder. "A lot of growers hire to fill gaps."

U.S. Inflation Continues to Decline, Down from 4% in May
U.S. Inflation Continues to Decline, Down from 4% in May

Meanwhile, service prices and the core index (which excludes food and energy) remain high, with the core CPI descending to 4.8%.

Navigating In-law Relationships on Family Farms
Navigating In-law Relationships on Family Farms

Are you avoiding important conversations to avoid conflict? By delaying the conversation, are the potential conflicts greater or less than having it? Elaine Froese shares some key tips to help in these family situations.

Community College Ag Programs Could See $20 Million in New Funds
Community College Ag Programs Could See $20 Million in New Funds

National enrollment in ag and related science majors at two-year institutions grew 41% in Fall 2021. The Community College Ag Advancement Act aims to give these students more industry opportunities.

Farmer Nightmare: Government Floods Family Twice, Kills Herd and Refuses to Pay Damages
Farmer Nightmare: Government Floods Family Twice, Kills Herd and Refuses to Pay Damages

Richie Devillier is fighting back after the government twice flooded his 900-acre farm and home, killed his cattle, ran his family through emotional hell—and insisted he foot the entire bill.

What Makes a Good Farm Manager?
What Makes a Good Farm Manager?

There are three areas producers need to focus on to earn the title of “good farm manager,” according to Purdue University researchers.

Small-Town Bank CEOs are Cautiously Optimistic, says Rural Mainstreet Index Survey
Small-Town Bank CEOs are Cautiously Optimistic, says Rural Mainstreet Index Survey

Despite the positive sentiment, local community bankers report concerns about lower commodity prices, the ‘big bank mess’ and another potential rate hike in June by the Fed.

Want to Grow Your Farm? Ask These 10 Questions First
Want to Grow Your Farm? Ask These 10 Questions First

More than 50% of farmers intend to grow their operation, based on responses in Purdue’s February 2023 Ag Economy Barometer. If you’re thinking about scaling your farm, it’s important to first ask these questions.

bank-hastings
Ag Bankers Stress Crop Insurance, Farm Lending Link in Senate Ag Hearing

Lenders In the hearing seemed to agree on a boost to lending limits in USDA guaranteed loans as lawmakers ready for the next farm bill.

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USDA Announces $1 Billion to Ag, Small Businesses for Renewable Energy and Efficiency Improvements

According to USDA, this funding was made available to help struggling rural communities “recover economically” and offer more market opportunities, improve infrastructure and protect farmland.

How Many Farms Are in the U.S.?
How Many Farms Are in the U.S.?

Total land in farms decreased 1.9 million acres to 893,400,000 acres in 2022 versus 2021. Here is other noteworthy farmland data, courtesy of USDA’s Farms and Land in Farms 2022 Summary. 

Rural Economy Slows, Farmland Values Stay Strong
Rural Economy Slows, Farmland Values Stay Strong

The rural economy seems to be set on cruise in neutral gear. That’s according to the Rural Mainstreet Index (RMI) from Creighton University. 

Monster Buck Antlers Stolen from Teen Deer Hunter Recovered After 14 Years
Monster Buck Antlers Stolen from Teen Deer Hunter Recovered After 14 Years

When 14-year-old Dave Richmond’s monster buck was stolen, he searched 14 years for the pinched antlers, never giving up hope on a spectacular rack.

SHIP IT Act Could Save Truck Drivers Up to $10,000 and Cover CDL Costs
SHIP IT Act Could Save Truck Drivers Up to $10,000 and Cover CDL Costs

Reps. Dusty Johnson and Jim Costa on Tuesday introduced the Safer Highways and Increased Performance for Interstate Trucking (SHIP IT) Act to expand the trucking workforce and offer flexibility in times of need.

Speaker McCarthy Selects Unruly House Rules Panel
Speaker McCarthy Selects Unruly House Rules Panel

For example, Rep. Ralph Norman in the past unsuccessfully pushed crop insurance amendments that would have cut premium incentives/subsidies by 15% for producers with specified adjusted gross incomes.

money-funnel
Bank of America Says a U.S. Debt Default is "Likely"

Speaker McCarthy agreed that the House wouldn’t lift the debt ceiling unless Congress slashes federal spending next fiscal year. Because of this, Bank of America is telling clients to expect a debt default this fall.

What's in it for Ag in the New Spending Bill?
What's in it for Ag in the New Spending Bill?

The House on Friday averted a government shutdown by voting 225 to 201 in favor of the Consolidated Appropriations Act of 2023—the omnibus spending bill. Here's what's in it for ag.

Signs Growing that the Global Supply Chain Crisis is Over
Signs Growing that the Global Supply Chain Crisis is Over

From the docks of Southern California and Europe to the parcel hubs in the Midwest and the store shelves in New York, signs are growing that the global supply chain crisis is over.

Invest in Your Farm's Reputation with Social Media
Invest in Your Farm's Reputation with Social Media

Consider what passersby think when they see your headquarters or machinery on the highway. Do you want them to draw their own conclusions, or do you want to be the one telling the story?

The top nine changes that could impact your farm business
Paul Neiffer: 2022 Year-End Tax Planning Tips

This year, more than ever, requires you to spend time with your tax adviser to pin down the right amount of taxable income to report. Good luck.  

John Phipps: A Legitimate Broadband Solution
John Phipps: A Legitimate Broadband Solution

Starlink might be a fit for any user, but deep in the boonies, it’s a near miracle.

senate
Congress Finally Reports Progress in the Omnibus Spending Bill

The agreement will allow lawmakers to spend the coming week hashing out specific spending levels for each federal agency as well as what legislative items they will attach to the bill, likely including ag aid.