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2 Sep 2021
Six-dollar corn is expensive to grow. The University of Illinois projects corn farmers' non-land costs will climb by $70 per acre next year, leaving a much thinner profit outlook than corn prices might suggest. Joe Sinclair, president of national ag chemical wholesaler Quality Ag Service, recently told DTN's Elizabeth Williams that he advises farme...
2 Sep 2021
What a wild ride. No, not COVID or politics. I'm talking about the weather -- from drought and fires to floods. Because of the weather's significant impact on farmers this year, I want to review a few planning opportunities to help mitigate the potential tax consequences. Many farmers will defer the 2021 crop into 2022 to delay recognition of incom...
1 Sep 2021
ROCKVILLE, Md. (DTN) -- If the country's wheat farmers needed another incentive to grow award-winning, high quality wheat, they just got one. Next year's 2022 National Wheat Yield Contest will give out $500 cash rewards to national winners whose 6-lb. wheat samples reach certain quality standards. The contest, now in its sixth year, has tested the ...
1 Sep 2021
ANKENY, Iowa (DTN) -- Lessons learned from the 2020 derecho can help farmers better manage crops affected by recent severe storms. "There's one good thing with the derecho last year, there's recent experience and knowledge gained from it," said Mark Licht, Iowa State University (ISU) Extension cropping systems specialist. The Aug. 10, 2020 derecho,...
1 Sep 2021
LINCOLN, Neb. (DTN) -- EPA wants a second look at its 2019 decision to grant 31 small-refinery exemptions to the Renewable Fuel Standard for 2018, after the Supreme Court ruled this summer that a federal appeals court erred in a January 2020 ruling that favored the ethanol industry. On June 25, the Supreme Court overturned a unanimous ruling by the...