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Oklahoma wheat harvest: Farmers, analysts hopeful as prices improve

Oklahoman This year s expected harvest for hard red winter wheat could be rather average. But thanks to high prices for the grain per bushel, farmers should expect to see higher profits nonetheless. Per-bushel prices are currently trading above $7 on the Chicago Board of Trade (and nearly $7 at elevators in Oklahoma), which is about $2 per bushel higher than last year. These prices are prompting some growers in Oklahoma who typically graze cattle on their wheat are deciding to harvest a mature crop instead. The harvest generally starts in late May, and depending on weather conditions and the maturity of the crop, can last two to three months. 

South Dakota agriculture groups support Thune, Stabenow cover crop legislation

Pierre, SD, USA / DRGNews Apr 29, 2021 | 1:56 PM South Dakota Senator John Thune– a longtime member of the Senate Agriculture Committee– and committee chairwoman Michigan Senator Debbie Stabenow have reintroduced the Cover Crop Flexibility Act. The legislation would remove the prohibition on harvesting or grazing cover crops on prevented plant acres prior to November 1 and allow this flexibility outside of the primary nesting season. This legislation is an offshoot of Thune and Stabenow’s 2019 effort that led the US Department of Agriculture to make an administrative change that allowed for penalty-free haying and grazing, which significantly benefited states like South Dakota and Michigan. In 2020, Thune and Stabenow again requested that USDA move up the November 1 date to September 1, but the department only provided flexibility in certain counties in South Dakota and North Dakota. This bill would provide a permanent solution to this issue and create greater certainty fo

Ag industry skeptical of Biden s tax plan

In a joint session address to Congress, President Joe Biden focused on continued calls to “build back better” and to pay for many of his priorities with tax reform. The American Families Plan encourages family farms to stay in the family and does not tax farm and asset transfer to family members upon death, but there are still concerns from farm groups on the impact to those in rural America. The American Families Plan would repeal the deferral of gain for real estate like-kind exchanges – also known as 1031 exchanges- for gains greater than $500,000 and eliminate stepped-up basis for gains in excess of $1 million ($2.5 million per couple “when combined with existing real estate exemptions”) and tax said gains on any property not donated to charity.

Ag industry skeptical of Biden s tax plan

Ag industry skeptical of Biden s tax plan
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.

Ag industry skeptical of Biden s tax plan

Ag industry skeptical of Biden s tax plan
farmprogress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from farmprogress.com Daily Mail and Mail on Sunday newspapers.

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