Tennessee Market Highlights
The University of Tennessee Institute of Agriculture’s weekly Tennessee Market Highlights newsletter is available online.
Includes:
Click to View the March 2, 2012 edition of the Tennessee Market Highlights
Q & A on Farm Policy
Washington consultant Jim Wiesemeyer is asked many questions during
his frequent travels around the country. These are his typical
responses to queries about upcoming elections and farm policy issues.
Q: What will happen to estate tax provisions after 2012?
A: Current language expires at the end of this year, and if it isn’t
changed, the estate tax exemption goes from the current $5.12 million
mark to $1 million — equivalent to around 150 acres of Iowa
farmland! Congress will likely extend the current language via a
lame-duck session of Congress after the Nov. 6 elections. That is
when lawmakers must deal with the expiring 2001 and 2003 tax
cuts. The unknown is how many years the estate tax language will
be extended — it will not likely be permanent. […]
March Supply & Demand Report
Traders are expecting that the March Supply and Demand report will show reduced South American corn and soybean production estimates, which will lower the world carryover stocks. This is leading to increased US exports, which in turn is also lowering the estimates for US carryover stocks. This is what Informa is expected to show in their mid-morning update. The degree of these changes will impact the direction and extent of the midsession trade.
With the calendar turning to March this week, there is […]
Tennessee Market Highlights
The University of Tennessee Institute of Agriculture’s weekly Tennessee Market Highlights newsletter is available online.
Includes:
Click to View the February 24, 2012 edition of the Tennessee Market Highlights
Big Decisions with Ag Implications Loom in Washington
Urban C. Lehner Vice President, Editorial
DTN / Progressive Farmer
So they’ve got a deal in Congress on extending the payroll tax cut. Maybe our lawmakers have taken the voters’ unhappiness seriously. Maybe they’ve learned how to overcome paralysis. Maybe there will be fewer hyper-partisan standoffs on future issues.
Then again, maybe not. […]