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Tag: crop
U.S. Soy Cancellations Rise with Brazilian Crop Estimates
2013-01-07 19:17:00| Corn & Soybean Digest
Further cancellations of U.S. soybean orders by China have added to the downward pressure on soybean prices as buyers grow more confident in a bumper South American crop. On Jan. 3, USDA said that private exporters had reported the cancellation of export sales of 315,000 metric tons of soybeans for delivery to China during 2012-13. The cancellation follows Chinese buyers cancellation of a total of 840,000 tons of previous U.S. soybean purchases for 2012-2013 during the week before Christmas. Another 120,000 tons of soybeans sold to an unknown destination that was most likely China were also cancelled on Dec. 18. News from Brock Associates read more
Tags: rise
estimates
soy
brazilian
Tax Tips: Options for Reporting Crop Insurance Payments
2013-01-02 22:17:00| Corn & Soybean Digest
Source: University of Illinois farmdocDaily Approximately 80% of Illinois farmers purchased various types of crop insurance on their 2012 crops. The total premiums for these policies were over $770 million. It is projected that the total claims will exceed twice the amount of the premiums. If farmers do not defer their crop insurance proceeds until 2013, they will have an additional $1.5 billion of taxable income this year. read more
Tags: options
tips
insurance
tax
2013 Outlook: Farm Bill, Crop Production, Land Values, Livestock, Biofuels
2013-01-02 04:28:00| Corn & Soybean Digest
2013 is setting up to be another interesting year in the agriculture industry, following a very profitable year in 2012 for most crop producers in the Upper Midwest, and a fairly negative profit year for most livestock producers. Following are some items that are likely to be on the forefront in the agriculture industry for 2013. Focus on Ag read more
Tags: land
production
bill
values
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