An ag tax professor says several tax benefits are scheduled to expire at the end of 2025. Roger McEowen with the Washburn University School of Law says the qualified business income deduction would be eliminated. “This is a 20% deduction against a farmer’s business income. If I have farm income of $300,000, that’s a $60,000…… Continue Reading

A dairy educator says Ukraine’s dairy industry is making strides to grow despite the ongoing war. Michigan State University Extension’s Phil Durst has been working with the Association of Milk Producers (AMP) in Ukraine for about a decade. “There are commercial dairy herds and a commercial industry that is much like our commercial industry with…… Continue Reading

Cash dairy prices were steady to higher Tuesday on the Chicago Mercantile Exchange.  Dry whey was unchanged at $0.5650.  Two sales were reported at that price.  Forty-pound cheese blocks were unchanged at $2.14.   No sales were recorded.  Cheese barrels were unchanged at $2.25.  No sales were recorded.  Butter was up $0.0225 at $3.1975.  Thirteen sales…… Continue Reading

The vice president of an Illinois-based farmland brokerage says land values are holding steady at near record levels in a surprisingly active market. Elizabeth Strom, with Murray Wise & Associates, tells Brownfield… “It’s been a really interesting summer.”  She says, “There’s actually been more auctions than we typically have seen, but they seem to be…… Continue Reading

Ohio State’s climatologist says drought conditions are impacting crop performance. Aaron Wilson tells Brownfield… “A lot of the impacts that we’re hearing across Southeast Ohio are poorly filling soybean pods, for instance, very short corn to a lot of feedback firing impacts to the corn,” he says. “That could cause a lot more pasture land…… Continue Reading