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U.S. crop sector insulates itself from world market with biofuels, says analyst - Vimarsana News

U.S. crop sector insulates itself from world market with biofuels, says analyst

After decades of pursuing sales to foreign buyers, the U.S. crop sector is “once again becoming domestic market-focused, due mainly to biofuels policy,” said Scott Irwin, an agricultural economist at the University of Illinois, on Wednesday. It would be a significant, albeit gradual, change in focus.

Advocates look to raise farm inheritance tax threshold - Vimarsana News

Advocates look to raise farm inheritance tax threshold

(The Center Square) – High inheritance taxes are forcing Illinois farm families to sell their farms in order to pay the taxes. Some are looking to change that.

Advocates look to raise farm inheritance tax threshold - Vimarsana News

Advocates look to raise farm inheritance tax threshold

(The Center Square) – High inheritance taxes are forcing Illinois farm families to sell their farms in order to pay the taxes. Some are looking to change that. State Sen. Sue Rezin, R-Morris, said the $4 million estate ...

Legislation introduced to change Illinois estate tax - Vimarsana News

Legislation introduced to change Illinois estate tax

New bipartisan measures aimed at ensuring the preservation of family farms in the event of a family member’s death were announced Wednesday after years of attempting to reform the Illinois

Farm & Food File: New year, not-so-new start - Vimarsana News

Farm & Food File: New year, not-so-new start

While January left the old year behind, it didn’t leave behind any of the baggage 2023 saddled American farmers and ranchers with.