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RECENT NEWS
1 Nov 2019
By Rod MauszyckiDTN Tax Columnist Cash method of accounting is under attack. In February 2017, the IRS issued an Action and Decision letter in response to losing Burnett Ranches LTD v. U.S. Under the Internal Revenue Code, a farm or ranch is deemed to be a "farming syndicate" if more than 35% of losses are allocated to limited partners or limited e...
1 Nov 2019
By Emily UnglesbeeDTN Staff Reporter ROCKVILLE, Md. (DTN) -- With 55% of his acres left unplanted in 2019, one might have expected Matt Foes to put up his feet and take a vacation. Instead, the Sheffield, Illinois, farmer rolled up his sleeves and spent a large part of this summer working a year ahead. "I went into the summer expecting that this ...
1 Nov 2019
By Jerry HagstromDTN Political Correspondent WASHINGTON, D.C. (DTN) -- After the House Agriculture Committee on Wednesday approved a bipartisan bill to reauthorize the Commodity Futures Trading Commission, House Agriculture Chairman Collin Peterson, D-Minn., said the bill "sends a strong message to the Senate. The people that look to our markets fo...
31 Oct 2019
By Chris ClaytonDTN Ag Policy Editor OMAHA (DTN) -- With the support of both farm organizations and the United Farm Workers union, a bipartisan group of House members introduced a new farm labor bill in Congress on Wednesday. The Farm Workforce Modernization Act would create a program to legalize current agricultural workers who are in the U.S. ill...
31 Oct 2019
By Todd NeeleyDTN Staff Reporter OMAHA (DTN) -- While the prices of most fertilizers tracked by DTN continued to fall in the fourth week of October, for the first time in more than two months, the price of one fertilizer increased. Prior to last week, all eight fertilizer prices had fallen for nine consecutive weeks. In this latest update, five of ...