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“Fine Tuning” Feed Prices

While dairy producers can't control the milk price they can fine tune their feed prices. That's according to Dr. Mike Hutjens, retired dairy extension specialist from the University of Illinois. He joined us on Friday's Dairy Radio Now with an update on the latest...

The Importance of Preventing Hypocalcemia

Dr. Tim Brown joined us on today's Dairy Radio Now to tell us about the importance of preventing hypocalcemia in dairy cows with proper nutrition balancing. Dr. Brown provides technical support and educational assistance to the SoyPlus® and SoyChlor® sales team and...

Federal Order Class I Price drops $1.21

The August Federal order Class I base milk price was announced July 18 by the USDA at $14.15 per hundredweight, down $1.21 from July and $2.57 below August 2017. It is the lowest August Class I price since 2009 when it stood at $10.04. It equates to about $1.22 per...

DeLaval Opens $1 Million KC Training Center

DeLaval celebrated the grand opening of a Training Center at their Kansas City, MO, facilities today. The DeLaval Training Center is the result of a $1 million dollar facility renovation investment in robotics and food safety. It features the all-new Voluntary Milking...

Marketing Direct To The Consumer

Lois Federman is the Something Special from Wisconsin™ Program Director. She joined us on today’s PDPW’s World of Dairy segment for part 2 on managing the day to day details of selling ag products directly to the consumer.    

NMPF Encouraged by FDA Commissioner’s Desire to Enforce Dairy Labeling Regulations

U.S. Food and Drug Administration (FDA) Commissioner Scott Gottlieb told an audience at a Politico Pro Summit on Tuesday in Washington that his agency will soon begin enforcing regulations that define milk as an animal product, not a plant-based food – an indication...

FUTP 60 Summit: Nourishing Communities Panel Discussion

During this guided Q&A discussion/panel, dairy farmers and NFL alumni Jason Brown speak about the role of farmers in feeding the world. Hear their insights into the important role farmers and agriculture play in communities.  ...

World Dairy Expo Seminars Announced

Seminars have been announced for the upcoming World Dairy Expo in Madison, Wisconsin. Presented by industry leaders daily, these seminars address topics centered around policy, research, finances and the future. Each seminar is approved for one continuing education...

No Simple Answers To Tariff Trade War

The tariff war is starting to hurt dairy producers but, when it comes to trade, there are no simple answers, according to Matt Gould, editor, and analyst with the Dairy and Food Market Analyst newsletter. He talks with Lee Mielke about it on this week's Mielke Monday:...

USDA Appoints Members to National Dairy Promotion and Research Board

Agriculture Secretary Sonny Perdue today announced the appointment of 13 members to fill vacancies on the 37-member National Dairy Promotion and Research Board. Twelve appointees will serve three-year terms, November 1, 2018, through October 31, 2021. One appointee...

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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