Light At End of Tunnel Pushed Backward

Matt Gould of the Dairy and Food Market Analyst newsletter discusses the messages from the August Milk Production report and how the light at the end of the tunnel may have been pushed backward by the latest tariff war salvo with China.  

Expected Corn Grain Price Sees Big Range

Feed and forage from around the U.S. with Dr. Mike Hutjens, a retired dairy extension specialist from the University of Illinois.  

Crunch Time in Washington

Both the deadlines to fund the government and pass a new farm bill are less than two weeks away.  Chris Galen of the National Milk Producers Federation gave Dairy Radio Now listeners an update on what's been happening in our nation's capital.  

August Milk Up 1.4 Percent

Increased milk per cow coaxed U.S. milk output to climb in August more than expected. The Agriculture Department’s latest data for the top 23 states puts output at 17.2 billion pounds, up a pretty bearish 1.4 percent from August 2017 and the 57th consecutive month...

October Federal Order Class I Up $1.48

The Agriculture Department announced the October Federal order Class I base milk price at $16.33 per hundredweight, up $1.48 from September, 11 cents below October 2017, but the highest Class I since December 2017. It equates to $1.40 per gallon, up from $1.28 in...

Dairy Markets Face Global Uncertainty

How are the dairy markets reacting to the recent headlines? FC Stone's Dave Kurzawski discusses with Lee Mielke.  

High Moisture Corn Options

It's that time of year again, and in the Midwest, producers are looking at their options regarding high moisture corn. Dr. Mike Hutjens from the University of Illinois has more on this Feed Form Friday:    

World Dairy Expo Focuses on “The Next Frontier”

World Dairy Expo is not only home to one of the best-known dairy cattle shows in the world, it also brings together the latest in dairy innovation with the world's largest dairy-focused tradeshow.  Serving as the meeting place of the global dairy industry, World Dairy...

Moderation Is Key To DCAD Management

SoyChlor nutritionist Dr. Tim Brown joined us again on Dairy Radio Now to tell us more about feeding a negative DCAD diet to pre-fresh dairy cows to prevent hypocalcemia at calving. He also shares the latest research being done with more extreme levels of DCAD but...

July U.S. Dairy Exports Up From A Year Ago

The Trump administration appears to have worked a deal with Mexico and while talks continue with Canada, High Ground Dairy's Lucas Fuess tells us the latest U.S. dairy export data:    

Estate Tax Could Be Killed This Year

By Patrick Cavanaugh

dcDanielle Beck, the Director of Governmental Affairs with the National Cattlemen’s Beef Association. She and others of the industry are applauding the introduction of a bipartisan legislation that would permanently kill the onerous estate tax that harshly affects the cattle industry.

US Senator, John Thune, of South Dakota and by US Representatives, Kristi Noem of South Dakota and Sanford Bishop of Georgia, introduced the Death Tax Repeal Act of 2017 this week. Beck said, “It’s a huge priority for the NCBA.”

Last Congress, Chairman Kevin Brady, 8th District, Texas introduced the blueprint, Pathways to Tax Reform. “It’s something that they’ve been gearing up towards and now that we have a Republican in both chambers of Congress, and then a Republican in the White House, it seems like they’re shooting with bullets this year. We’re excited to see what happens moving forward,” Beck said.

And of course, the estate tax has been devastating to ranching families. “In 2006 it was estimated that family businesses spent $27.8 billion just to comply with the law. It’s hard to estimate exactly what the total savings will be. Ultimately, at the end of the day we know that the Estate Tax impedes economic growth because it discourages savings and capital accumulation,” said Beck.

And if the cattle-ranching families are not saddled with the huge burden of Estate Tax it will allow them to invest in their own businesses and communities.

“We’ve met with the committee recently and they are full-speed ahead. We think that we’ll probably see some sort of legislation whether it’s a comprehensive reform bill or reconciliation sometime in the spring,” said Beck. “They have committed a number of times that they want to get something passed and into law by the August recess, so they’re moving quickly.”

Many ranch families are asset rich and cash poor. Most of the value of the estate is attributed to the value of the land, livestock, and the equipment used. Oftentimes, when producers are faced with paying an Estate Tax they have to sell off many of their assets to just make ends meet.



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