As we begin a new year, we take time to reflect on what has been, and what may be coming. 2014 proved to be a pretty good year for producers across the country. A pretty solid wheat crop was harvested, despite some chronic drought conditions over the western high plains. The corn and soybean crop [...]
Rich Pottorff is the Chief Economist for Doane Advisory Services, a leader in Ag Analysis. He has a Master’s Degree in Agricultural Economics and 35 years of experience in economic analysis and forecasting business. He was also our guest writer for the Commodity Price Outlook 2014 article. Rich not only covers commodity prices, but has [...]
Rich Pottorff is the Chief Economist for Doane Advisory Services, a leader in Ag Analysis. With a Masters Degree in Agricultural Economics and 35 years of experience in economic analysis and forecasting business, we're excited to share his commodity price outlook for 2014. Q: What is the commodity price outlook for corn, soybeans, wheat in [...]
The American Taxpayer Relief Act of 2012 extended the $500,000 Section 179 deduction that the 2010 Small Business Jobs Act provided. Under this provision, farmers can deduct up to $500,000 in qualifying purchases. There is a dollar for dollar reduction of the deduction once the farmer’s fixed asset purchases go over $2,000,000. However, the Section [...]
