The Current Agricultural Use Valuation (CAUV) program values have increased due to higher crop prices and lower interest rates, but continue to provide an average 67 percent reduction from fair market value.
Policy & Politics
Farmers have been responding to climate change since they first put seed in the ground and herded livestock. Whether or not one believes the climate is changing or whether humans are the cause of that change, from a food supply standpoint, agriculture needs to be as resilient as possible.
Recently, China has rejected some vessels carrying small amounts of a corn variety approved for marketing in the United States, but not in China. The market reacted negatively and a number of grain handling companies have indicated they will no longer accept that variety at their elevators.
In general, the U.S. Constitution grants the federal government exclusive authority to regulate trade between states.
Last fall, a record harvest of high moisture corn increased demand for propane for drying in the Midwest. As a result, propane inventories in the Midwest were at their lowest level heading into winter since 1996.