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29 Mar 2022
OMAHA (DTN) -- The Cattle Price Discovery and Transparency Act is now on its third revision as the senators who authored the bill released a new version on Monday. Senators Jon Tester, D-Mont.; Chuck Grassley, R-Iowa; Deb Fischer, R-Neb.; and Ron Wyden, D-Ore., on Monday released the Cattle Price Discovery and Transparency Act of 2022. The bill wou...
28 Mar 2022
OMAHA (DTN) -- Despite a lack of willingness in Congress last year to go along with his tax proposals, President Joe Biden's budget proposal for fiscal year 2023 again calls for raising the corporate tax rate to 28% and imposing special taxes on high-income taxpayers. Overall, the White House proposes a $5.8 trillion budget for fiscal year 2023 wit...
28 Mar 2022
We all know the saying: "There is a first time for everything." That fit me on March 20, when I drove down to Pepin, Wisconsin, and saw the Motor Vessel W. Red Harris pushing nine barges to start the 2022 Upper Mississippi shipping season -- and getting stuck in the ice on Lake Pepin. It was quite a sight. Every year in the spring, when the first t...
28 Mar 2022
LINCOLN, Neb. (DTN) -- The Supreme Court on Monday agreed to hear the case brought against California's Proposition 12 by the National Pork Producer Council and the American Farm Bureau Federation. The law, which took effect on Jan. 1, essentially bans the sale of pork from hogs that fail to meet the state's new production standards. The ag groups'...
25 Mar 2022
WASHINGTON (DTN) -- U.S. Trade Representative Katherine Tai and Agriculture Secretary Tom Vilsack late Wednesday announced that the United States and Japan have reached an agreement to increase the beef safeguard trigger level under the U.S.-Japan Trade Agreement. The new three-trigger safeguard mechanism will make it less likely that U.S. exports ...