The National Agricultural Statistical Service (NASS) recently released county yields for corn and soybeans for 2012. These yields confirm drought significantly lowered 2012 production, with extremely low corn yields in southern Illinois.
GRIP-HR payments can be estimated now that yields have been released. The graphic shows potential 2012 GRIP-HR Crop Insurance Payments to be made at the 90% Coverage / 100% Protection levels.
Most Illinois counties will be elgible for GRIP-HR payments on corn. Fewer counties will have GRIP-HR payments for soybeans. Todd Gleason spoke with University of Illinois Farm Management Specialist Gary Schnitkey. You may listen to the interview, or read detailed information using the links below.
Tuesday February 19, 2013 , the U.S. Supreme Court heard oral arguments in what could be a landmark intellectual property law case involving patented seeds—Bowman v. Monsanto. It may be several months until the Supreme Court issues its decision. Groups filing briefs in advance of oral argument in support of Bowman included: the Center for Food Safety, National Farmers Union, American Antitrust Institute, and the Public Patent Foundation, among others. Groups filing briefs in support of Monsanto included: among others, the American Soybean Association, Illinois Soybean Association, the Software Alliance, and Pioneer Hi-Bred Int’l, Inc. University of Illinois Agricultural Law Specialist Bryan Endres discussed the case with Todd Gleason.
Join Todd Friday January 25th for an evening of agricultural camaraderie. We'll share a little Illinois wine, eat some great grand championship pork, hear stories from Paul Coolley, do a little Ag Outlook with Wayne Nelson, Jacquie Voeks, Steve Freed, and Gary Schnitkey, and best of all dine with Orion Samuelson. Your $100 ticket buys the meal, the show, and a signed copy of the Big O's new book! Even better, the funds raised will support the College of ACES Agricultural Communications and Hospitality Management programs; two of Todd's favorites.
ESTATE TAX - top tax rates on large estates raised to 40%, with a $5 million exemption estates inherited from individuals ($10 million on family estates). The exemptions, if enacted, will be indexed for inflation.
CAPITAL GAINS - capital gains and dividends over $400,000 for individuals and $450,000 for couples taxed at 20%. 15% for lower income levels.