In a press release on Friday, January 18th, the IRS announce it will issue guidance to provide relief from the estimated tax penalty for farmers unable to file and pay their 2012 taxes by the March 1 deadline due to the delayed start for filing tax returns.
The drought of 2012 has affected not only grain farmers, but also livestock producers and companies. On Thursday, January 17th, Cargill announced that it will idle its Plainview, Texas, beef processing facility effective at the close of business, Friday, Feb.1, 2013, resulting primarily from the tight cattle supply brought about by years of drought in Texas and Southern Plains states.
WichitKan. – For eight years running, readers of No‐Till Farmer magazine have voted AGROTAIN®nitrogen stabilizer by Koch Agronomic Services the top product in the fertility/soil amendmentscategory. Allen Sutton, who was on the product development team for AGROTAIN® stabilizer, acceptedthe award on behalf of Koch at the National No‐Tillage Conference in Indianapolis on Friday, Jan. 11.
Producers will have no problem finding the more than 150 new products and technologies that exhibitors plan to display at the upcoming AG CONNECT Expo & Summit 2013, thanks to pre-show and at-show efforts to help attendees locate new products on the show floor.
As part of AG CONNECT’s New Products & Technologies Program, attendees may preview new products online and create a personal show planner to keep track of exhibitors they want to visit.
For those whose eyes follow the USDA statistical reports, this is a reminder that all USDA statistical reports released in 2013 will be revealed at 11:00 a.m. (Central Time)
These major reports with the noon release time are:World Agricultural Supply and Demand Estimates (WASDE), Acreage, Crop Production, Grain Stocks, Prospective Plantings, and Small Grains Summary. USDA previously released these crop reports at 8:30 a.m. EDT. or 7:30 a.m. Central Time
The time for livestock reports currently released at 3:00 p.m. will not change.
Working into the wee hours of the new year, the U.S. Senate overwhelmingly passed a fiscal cliff bill that will extend farm policy through September. With this extension, legislation has essentially kicked the farm bill can down the road in an attempt to avoid the so-called Milk or "dairy" cliff.
The giant New Year’s tax package rushed through Congress Tuesday includes a nine-month farm bill extension that forestalls any immediate spike in milk prices but also represents a bitter blow for farmers who had hoped for long-sought changes in the dairy support program.
The University of MN Field Crop Trials Bulletin is now available in print and electronic forms. The new publication, dated January 2013, provides results from U of MN trials conducted in 2012 across the state. The varieties tested are from both public and private breeding programs and include U of MN developed forage, grain, and oilseed crop varieties.
The big news for markets today circulates around the USDA December report that came out at 7:30 a.m. this morning.
For U.S. Carryover Numbers:
• Corn: Unchanged, sitting at 647 million bu (Nov projection at 647 million)
• Beans: 130 million bu, down from Nov projection of 140 million
• Wheat: 745 million bu, up from Nov projection of 704 million bu
• Cotton: 5.4 million bales, down from Nov projection of 5.8 million
You may remember the Peterson Brothers (Greg, 21; Nathan, 18; and Kendall, 15 from Saline County, Kan.) when they became a viral hit with their version of "I'm Sexy and I Know It" revised to "I'm Farming and I Grow It" back in July 2012.
In a press release on November 28th, Novozymes, the world leader in bioinnovation, revealed it has signed a definitive agreement to acquire Natural Industries Inc. based in Houston, USA. Natural Industries Inc. is a bioagricultural player with annual revenues of $5 million.
This acquisition expands Novozymes’ position in key high-value markets for sustainable bioagriculture solutions.