Mike Pearson gets updated on taxes, spring progress, and drones, plus weather and markets.
Apr 10, 2021
Part 1
Mike Pearson kick off the show with a look at how taxes are shaping up for 2020 for farmers. Last year saw a lot of government funds, Glen Birnbaum of Sikich, LLP has some answers. Brian Hoops, Midwest Market Solutions joins Mike to talk about wheat as it moves to the forefront.
Part 2
Brian Hoops, Midwest Market Solutions rejoins Mike to talk about new corn price targets, big pork prices and beef moving up. In the Colby Ag Tech segment Chad is checking in on the latest go-to drones for producers.
This Week in Agribusiness, March 20, 2021
beefmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from beefmagazine.com Daily Mail and Mail on Sunday newspapers.
(Red River Farm Network) … Renewable Fuels Association Senior Vice President of Government Affairs Troy Bredenkamp wants biofuels to also have a place in the infrastructure discussion. “It’s disappointing to see what came out from the Biden administration in terms of the role they think biofuels should play. It’s very heavy on electric vehicles to the tune of about $170 billion. There’s no dollars designated for biofuels in terms of infrastructure or climate change.”
More flex-fuel vehicle production and an infrastructure package for higher blend ethanol pumps are on the infrastructure wish-list. “They could do a lot for biofuels for a fraction of the cost of what they’re suggesting to spend on electric vehicle infrastructure. We would ask for something around $500 million per year for blender pump infrastructure.” READ MORE
Corn and soybean prices this year look a lot better to producers than they did at this time in 2020. These better price prospects are giving growers some different options for 2021. Research sponsored by the J.L. Farmakis Company indicates that higher prices are allowing farmers to invest more in their operations and in the crops they will plan this spring.
During a farmer panel discussion, Jasper County producer Kendell Culp said better prices let farmers look at crops in a different way, “Last year when the weather turned dry and our yield prospects were in question, at $3 a bushel we could not justify investing $25 to $30 an acre in fungicides, to try and improve yields.”
(Red River Farm Network) Minnesota Governor Tim Walz sent a letter to President Biden on Wednesday asking him to support the biofuels industry and reverse the Trump administrations actions in supporting small refinery exemptions. Walz wants the Biden administration to issue an executive order to ban the use of aromatics in gasoline and adopt new Renewable Fuel Standard regulations. Read the letter. READ MORE
Excerpts fro letter to President Biden: Issue an Executive Order Banning the Use of Aromatics in Gasoline
To benefit public health, the environment, and the biofuels industry, I urge you to consider
executive action directing the enforcement of the Clean Air Act’s aromatics provision. That provision,
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