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3,283 results 02/23/2020 14:35
It appears that Form 8995-A Schedule D dealing with farm losses and cooperative payments have conflicting calculations by the various software vendors. We will go over how the vendors are calculating this adjustment but we can't really tell who is right or wrong due to a lack of guidance from the IRS in their form or instructions. Form 8995-A was originally designed as a five page form with various schedules. The final Form 8995-A was limited to a two page Form with four Schedules that can be attached as follows:. Schedule A - Specified Service Trade or Business (does not apply to many farmers),. Schedule B - Aggregation of Business Operations (only applies if a farmer is over the income threshold),. Schedule C - Loss Netting and Carryforward 02/22/2020 15:06
Ever noticed how many farm welds on equipment look snaggy after a year or two? I'm not talking about the actual weld. Even beautiful MIG welds get rough looking after they weather, even if it had implement paint on it after it cooled. I've found that, just as prep work is the secret to nice welds, prep work is the key to painting over welds. Take time to use paint thinner or other solvent to wipe away all the soot around the weld, then use sandpaper to smooth the edges of the burned paint or the abrupt edges where you had to grind the metal. If you're really fussy, use a buffing pad to remove the grinder marks. Then spray a coat of primer, allow it to dry, then apply a couple coats of machinery paint. The secret to making the paint job look. 02/22/2020 10:31
The United States has reopened its market to fresh Brazilian beef exports effective immediately, according to Brazilian Agriculture Minister Tereza Cristina Dias. The news was met with opposition from U.S. cattle trade groups. The U.S. stopped Brazilian fresh beef imports in June of 2017, alleging that some shipments failed to pass food safety checks. “We were waiting for this news for some time and today we were fortunate to receive it,” Dias said on Twitter. “NCBA strongly supports science-based trade and the Trump Administration’s efforts to enforce science-based trade with all trade partners,” said Kent Bacus, National Cattlemen’s Beef Association (NCBA) Senior Director, International Trade and Market Access. “But to be clear, NCBA has 02/22/2020 09:52
There wasn’t a dry eye in the barn when Samantha Nicole Iselt of Lexington, Texas, was named the exhibitor of the Grand Champion Market Barrow at the San Antonio Stock Show and Rodeo. On Friday, she won over hearts again when she walked her barrow into the sale ring. Iselt sold her pig for a record-breaking $157,000 and received a $10,000 scholarship. Time stood still. The energy and commotion before the champion barrow drive was like nothing judge Brandon Yantis of Piper City, Ill., had ever experienced. People piled around the show ring in San Antonio, Texas, on Thursday for one of the most popular champion drives of the year. Lead judge Ryan Sites of Tuttle, Okla., finished his comments on the champion barrow as Yantis made his way over t. 02/21/2020 17:41
One again, positive-sounding news, didn’t boost the grain markets. March corn was down around 1¢ and March soybeans were down 4.5¢ for the week ending Feb. 21. March wheat was up 9.5¢. The big news this week came from USDA and their first take on 2020 acres. Robert Johansson, USDA’s chief economist, shared these estimates at the department’s Ag Outlook Forum:. Corn: 94 million acres, up 5% from last year’s 89.7 million. Soybeans: 85 million acres, up 12% from last year’s 76.1 million. Wheat: 45 million acres, which is nearly unchanged from last year’s 45.2 million. Cotton: 12.5 million acres, down 9% from last year’s 13.7 million. Rice: 3.1 million acres, up 21% from last year’s 2.5 million. “My first inclination is the bean acres are probably to. 02/21/2020 17:19
Market Watch with Austin Schroeder & Alan Brugler. February 21, 2020. Splash of Cold Water. This week started off full of hope for the ag commodities, with traders coming back from the President’s Day weekend with money to put in on the buy side. Wheat jumped 20 cents or more, corn was up a nickel, and hogs were up. Then the doubts crept in. It became obvious that the COVId-19 (coronavirus) outbreak is interfering with Chinese ability to import goods, and to get them unloaded at the port due to movement restrictions. Then the focus shifted to the USDA Outlook Forum. While the forecasts presented there are not developed as rigorously as the first 2020/21 WASDE estimates in May, they are a measuring stick. USDA used 94 million corn acres (no sur. 02/21/2020 16:22
Cash fed cattle traded in the South mostly $1 higher at $120 live. Cattle traded in the North at $119 to $120 live and $190 dressed, steady to $1 higher. USDA’s February 1 cattle on feed report was called mildly friendly compared to pre-report expectations. USDA counted 11.928 million head on feed in 1,000-plus feedlots, up 252,000 head or 2.2% from year ago. January placements declined 0.6% from 2019, while marketing rose 1.1%. A weight breakdown of calves placed into feedlots last month shows lightweights (under 600 lbs.) up 2.6%, 6-weights up 2.2%, 7-weights down 3.6%, 8-weights down 4.1%, 9-weights up 5.0% and heavyweights (1,000-plus lbs.) steady with year-ago levels. Kansas feedlots placed 60,000 head more cattle in January than they 02/21/2020 15:00
Ag retailer Wilbur-Ellis is offering farmer customers in the Pacific Northwest access to Ceres Imaging and its remote sensing product. Ceres is an agtech startup that aims to assist in making proactive crop management decisions to maximize resources. The ag retailer is rolling out the new technology service in three states-- California, Washington and Oregon—where it has more than 80 branch locations and 500 sales agronomists. “This partnership is primarily focused on serving our customers with permanent crops such as tree nuts, tree fruits and blueberries,” says Doug Grott, Wilbur-Ellis Director of Business Development. Grott says the Ceres product does a good job of linking imaging technology with analytics, and the Wilbur-Ellis trusted a. 02/21/2020 14:00
As farmers continue to make plans for the 2020 crop year, USDA thinks those plans include more corn, soybean, rice and other feed grain acres this year. During the this week in Washington D.C., the agency revealed it thinks farmers could plant 5% more corn acres and 12% more soybean acres compared to a year ago. “The estimates that have been done to this point are simply assessments or evaluations, based on economics, not really based on a survey of what producers are thinking or the industry representatives,” says . “It gives a baseline, so to speak, but that's about it. What matters is how the farmers are thinking, and we'll get that in March.”The end of March is when USDA will release its March Prospective Plantings report, a report bas. 02/21/2020 13:51
Joe Vaclavik discusses this week's USDA Ag Outlook Forum numbers. He argues that most of these numbers are not actionable in regard to grain marketing and that USDA has simply issued a series of "educated guesses." USDA projected 2020 US corn acreage at 94mil. USDA projected 2020 US soybean acreage at 85mil. Both numbers would be up significantly vs. 2019 if realized. The yield and production numbers are a function of weather and are largely unpredictable. The Grain Markets and Other Stuff podcast focuses on grain markets, grain marketing, the business of farming, and a variety of other related topics. Joe Vaclavik is the owner of Standard Grain, a commodity brokerage and consulting business located in Tennessee. He spends his days providin. 02/21/2020 13:42
The U.S. Department of Agriculture (USDA) believes wheat prices have the potential to increase during 2020. During its Ag Outlook Forum, the department forecast wheat prices to climb to $4.90, an 8% increase from 2019. "Wheat prices are expected up 35 cents to $4.90 to reflect low ending stocks," says Robert Johansson, USDA chief economist. The department expects a normal weather pattern with its forecast. , as well as a slight drop in U.S. wheat acres. "Of course, we know it’s fairly wet out there right now," says Johansson. Some analysts say there are certain. factors which are currently supporting wheat prices. "We didn’t get the acres harvested in the winter wheat areas that we thought," says Bob. Utterback. with. Utterback. Marketing. 02/21/2020 13:28
California has sued the Trump Administration to block new rules that would let farmers take more water from California’s rivers. This comes after President Trump traveled to California’s Central Valley farm hub this week. The President signed his plan to develop and deliver water supplies to farmers, ranchers and communities located in the southern areas of the state. The water would be taken farther north. The President says it’s his way of easing environmental rules. “For too long, authorities have needlessly flushed millions and millions of gallons of fresh, beautiful clean water from up north straight into the Pacific Ocean,” says President Trump. “It’s nothing for the Pacific Ocean. I think they think we are helping the Pacific. It’s l. 02/21/2020 12:54
Exports of fresh , which includes shipments destined for processing markets, saw a 9% increase in tonnage and almost 11% increase in value during the second half of 2019. A report on exports shows growth in all segments, from dehydrated products to frozen, and fresh, which includes shipments that will turned into chips and other products. The Potatoes USA report does not break out processing potatoes from table stock when shipped fresh. From July 2019 through the end of the year, fresh potatoes shipped to Mexico rose 2%, to a value of $27.23 million, and Canadian fresh shipments were valued at $53.05 million, a 19% increase, according to Global Trade Atlas data supplied to Potatoes USA. The overall value of exports of fresh potatoes during 02/21/2020 12:44
With the C650 Air Cart, John Deere will expand its lineup of air-seeding equipment for small grains producers and custom farmers. The new air seeder can be ordered as a tow-behind or a tow-between configuration. It features 650-bu. capacity, high-floatation tires and a fill rate of up to 100 bu. per minute. The C650 is compatible with certain hoe drills and no-till drills. John Deere also included technology to make it a ‘smart cart.’ This includes cart-side displays for filling and calibration using ActiveCal, an on-demand calibration feature. In addition, there is wiring to enable five camera locations—one in each take and a rear-hitch view. With SectionCommand technology, the C650 Air Cart manages seed and fertilizer application to minim. 02/21/2020 11:02
By Lauren Quinn, University of Illinois. Starting weanling pigs off with the right diet can make all the difference for the health and productivity of the animal. A new University of Illinois study shows amino acids from a new torula yeast product are more digestible by young pigs than amino acids from fish meal. “We cannot supply all the amino acids for weanling pigs with soybean meal. We need another source. We used fish meal for a long time, but that is getting too expensive. There are also issues with price and quality volatility, supply, and sustainability with fish meal,” says Hans H. Stein, professor in the Department of Animal Sciences at Illinois. “Our study shows we can use the torula yeast product instead of fish meal in diets for.

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