Senate drops portions of Governor Braun’s property tax relief bill 

Some farmers are concerned how a proposed amendment to Governor Mike Braun’s property tax relief bill could impact their operations. State representative Kendell Culp says it would provide property tax relief over a three-year period. “We currently are at an 8% capitalization rate,” he says. “The Senate is moving legislation to move it to 9%. Neither…Continue Reading

Evaluating red meat yield in today’s beef industry

The past chair of the National Cattlemen’s Beff Association’s Federation of State Beef Councils says the current red meat yield equation is outdated.  Dan Gattis, a Texas cattle producer, says it has been more than 60 years since the beef industry updated its methods for compensating producers for their products. “How much of a product…Continue Reading

Ethanol production, stocks decline

U.S. ethanol production and stocks dipped over the past week. The U.S. Energy Information Administration says production averaged 1.082 million barrels per day, down 30,000 on the week and 1,000 on the year. Part of the reason for the decline was profitability, which is influenced by several factors including corn prices and the cost of…Continue Reading

Pre-enrollment opens for new I-COVER program

The director of the Illinois Department of Agriculture says farmers in three states can now pre-enroll for a new cover crop cost-share program. Jerry Costello says the Infield Conservation for Operationalizing Vital Ecosystem Resilience Program, or I-COVER program offers significant financial incentives to new adopters of cover crops. “Cover crops is something that people understand…Continue Reading

New statewide biofuels tax credit could help farmers grow demand

The Indiana Senate has passed a bill that would give biofuel tax credits to fuel retailers across the state. Indiana Corn Growers Association President Chris Cherry says Senate Bill 254 would help increase demand for corn.  “It’s huge for Indiana farmers,” he says. “It helps retailers build up their infrastructure so that they are able…Continue Reading

Cash dairy prices steady to lower except cheese Wednesday

Cash dairy prices were steady-to-lower except for cheese Wednesday on the Chicago Mercantile Exchange.  Dry whey was unchanged at $0.5675.  No sales were recorded.  Forty-pound cheese blocks were up $0.0125 at $1.92. One sale was recorded at $1.9075.  Cheese barrels were up $0.01 at $1.8275.  No sales were recorded.  Butter was down $0.0250 at $2.4050…Continue Reading

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