Some 469 counties will lose GRIP coverage for corn in 2010, leaving growers with higher crop-insurance deductibles. Soybeans and grain sorghum also will experience widespread cutbacks. (Graphic courtesy of Silveus Insurance Group)
Growers Mourn GRIP's Demise
USDA to Eliminate Popular Crop Insurance Policy in Much of US
Mon Jan 25, 2010 09:08 AM CST
More than 1,000 of the nation's 3,100 ag counties are losing access to Cadillac crop-revenue coverage in 2010. Elimination of county-based crop insurance like GRIP leaves some Southerners exposed to huge financial risks. USDA lays blame on an inability to collect reliable county yield data.
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The $3.5 million federal tax exemption on estates expired Jan. 1, leaving estates hanging in a type of tax-free Twilight Zone. (Logo courtesy of CBS Productions)
Estate Taxes Enter the Twilight Zone
Multiple Scenarios Complicate Estate Tax AdviceSubscriber Content
Tue Feb 2, 2010 07:35 AM CST
Since the $3.5 million federal tax exemption on estates expired Jan. 1, estates have been hanging in a type of tax-free Twilight Zone. Congress might do something retroactively, but then again, maybe not. Guessing wrong could mean paying an extra $1 million tax bill on a $4 million estate, and that makes advisers nervous.
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Chart by Kim Adrian
Ag Interest Rate SnapshotSubscriber Content
Mon Feb 8, 2010 07:42 AM CST
Track daily moves in farm mortgages and operating credit, based on interest rates supplied by a major farm lender.
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Even in the most-contested presidential elections, only about 65 percent of the eligible voters will go to the polls. (DTN chart)
Klinefelter: By the Numbers
Understanding the National Political ProcessSubscriber Content
Tue Jan 26, 2010 09:18 AM CST
You don't need a majority to win most political battles, but you do need enough clout to sway the 13 percent of voters who describe themselves as undecided.
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The advantage to a true lease is that rental payments can be expensed while machine sheds or livestock facilities must be depreciated over a longer time frame. (DTN/The Progressive Farmer file photo)
Taxlink by Andy Biebl
Lease With CautionSubscriber Content
Wed Feb 3, 2010 06:14 AM CST
The IRS is aware of attempts to disguise financed purchases as leases.
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Family business owners haven't quit dying just because Congress has failed to resolve the estate tax dilemma. And that has Midwest CPAs and tax attorneys who handle farm estates anxiety ridden and pleading for lawmakers to clarify how it plans to tax estates in 2010 and beyond.
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Midwest corn and soybean operators who locked up farm inputs early and priced good portions of their 2010 crops prior to the Jan. 12 USDA Crop Report assured themselves margins of $100 to $150 per acre, notes Robert Craven, director of the Center for Farm Financial Management at the University of Minnesota.
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Soybean growers will lose GRIP/GRP coverage in more than 350 counties nationwide in 2010, in large part due to adequate county yield data.
Who says GRIP doesn't work? Farmers gave me a laundry list of ideas that they think would make USDA's county yield estimates valid for corp insurance like GRIP and new farm policy alternatives like ACRE. Source: Silveus Insurance Group.
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Corn growers in more than 400 counties outside the Corn Belt will lose GRP and GRIP insurance coverage in 2010. Map: Silveus Insurance Group
USDA's decision last month to eliminate county-based crop insurance from one third of the 3,141 ag counties nationwide leaves great swaths of the U.S. with subpar insurance coverage.
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More Minding Ag's Business...
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The advantage to a true lease is that rental payments can be expensed while machine sheds or livestock facilities must be depreciated over a longer time frame. (DTN/The Progressive Farmer file photo)
Taxlink by Andy Biebl
Lease With CautionSubscriber Content
2/3 6:19AM
The IRS is aware of attempts to disguise financed purchases as leases.
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No matter where you source credit, from a vendor, a manufacturer, a little tiny bank or a big behemoth multilayered institution, you have to get through the labyrinth of credit approval. (Photo courtesy of Wikipedia Commons)
MBAg by Adam Erwin
What to Have, Know and Do to Get Financed in 2010Subscriber Content
1/15 6:31AM
The first step in speeding your loan approvals is to understand your lender's operating instructions. If they're getting a "pants on fire" email from the boss, you must know what caused the current inferno.
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Even in the most-contested presidential elections, only about 65 percent of the eligible voters will go to the polls. (DTN chart)
Klinefelter: By the Numbers
Understanding the National Political ProcessSubscriber Content
1/26 9:16AM
You don't need a majority to win most political battles, but you do need enough clout to sway the 13 percent of voters who describe themselves as undecided.
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