No matter how you cut it, 2012 was a very good year to be a famer in the U.S. Not drought, pestilence or fiscal cliff could slow the juggernaut of rising net farm incomes and soaring land values. There were many assorted players that contributed to the enormous profitability:
An incredible crop insurance program that guaranteed high net income regardless of the level of production. The massive Corn Belt drought of 2012 likely enhanced -- not hurt -- net farm income because of the high revenue insurance guarantee and reduced harvest expenses. A tax scenario that allows farmers to accelerate expenses and defer income. More importantly, there was the bonus depreciation tax incentive in 2012 that allowed farmers to fully depreciate (100...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
