A new partnership between the Agriculture Department and Internal Revenue Service to reduce fraud by verifying which farmers are eligible for farm program payments may make farmers’ lives easier, according to Tara Smith, American Farm Bureau Federation farm policy specialist. Smith said the...
Policy & Politics
The Taiwanese Legislature has voted to ban some U.S. beef imports, which the U.S. government says undermines Taiwan’s credibility as a trading partner. The move reverses an earlier deal the government had negotiated with Washington.
Mother Nature wreaked havoc on producers of agricultural commodities in 2009 and gave the food market a jolt, sending prices for staples like corn and soybeans on a wild ride only to end the year close to where they started, according to the Wall Street Journal.
U.S. hog producers should break even in 2010 as both the average price received and the total cost of production are expected be around $50 per hundredweight, according to Purdue University Extension Economist Chris Hurt.
The estate tax will be one of the big issues in Congress for farmers and ranchers in 2010, according to Mark Maslyn, executive director of public policy for the American Farm Bureau Federation. “The exemption levels at the end of 2009 were $3.5 million per household. In 2010 that has gone away...