Standard Mileage Rates For 2013

The Internal Revenue Service has issued the 2013 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on Jan. 1, 2013, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

Read more

Twitter Changes User’s Page

Twitter pages have gotten a bit fancier (and more Facebook-like) whether you like it or not. The original user’s Twitter page, which featured the option of a profile photo and a page background of your choosing, now features a third element added to your page’s look. Users can now add a “header” photo that surrounds their profile photo.

Read more

AGCO’s 2013 Outlook

The company expects North American tractor market to be flat in 2013 and expects the South American tractor market to grow 5% to 10% in 2013 and the Western European tractor market to be flat, to down 5% in 2013.

Richenhagen said that the company expects pricing to increase 2.5% to

Read more

New GOP House Ag Committee Members

House Ag Committee Chairman Frank Lucas (R-OK) has announced the seven House Republicans who will be joining the Agriculture Committee in January. While some are hopeful a five-year farm bill can be absorbed into an overall budget-cutting bill that could avert the looming “fiscal cliff” of tax increases and spending cuts, its clear many issues still divide ag supporters in congress.

Read more

Freedom to Work – Michigan’s Second Chance

With Tuesday night’s signature of Gov. Rick Snyder, Michigan became the 24th state to free workers from laws that enforced collection of union dues and/or fees from workers, regardless of their desire to belong to, or support, the actions of a union.

The victory in the Great Lakes State provides supporters of the right-to-work legislation its strongest foothold yet in a region where union bosses and their bussed-in protestors (supported by much of the press) have recently suffered blows in Indiana and Wisconsin.

Read more

New Law Makes Stealing Illegal?

U.S. Senator Amy Klobuchar (D-MN) introduced legislation last week to crack down on what some say is a growing problem: metal theft. According to National Insurance Crime Bureau, metal theft has increased more than 80% in recent years. Thieves steal high-priced metal from critical infrastructure, businesses, homes, churches and even veterans’ graves. The Metal Theft Prevention

Read more

Monsanto’s Return On Investment

Ever wonder what Monsanto’s return on investment is when it comes to research dollars? Last year, the seed company saw a $6.1 billion gross profit from $1.5 billion it spent on seed-and-traits R&D, Robb Fraley, Chief Technology Officer, recently told investors in New York, at Citi’s 5th Annual Basic Materials Symposium. “

Read more

Estate Tax Targets Family Farms For Death

If the U.S. Congress and President Obama fail to act, the federal government will begin taking more than half the value of family farm estates exceeding $1 million beginning next year.

Up to 24% of America’s farm and ranch families could be forced to hand over a large chunk of their heritage to the Internal Revenue Service when a family member dies. This would economically devastate rural communities.

Read more

Deere Reports 4th Quarter Results

Deere has reported net income of $687.6 million, for the fourth quarter ended October 31, compared with $669.6 million, for the same period last year. Deere Agriculture & Turf sales increased 16% for the quarter and 13% for the year largely due to higher shipment volumes and price realization, partially offset by the unfavorable effects of currency translation.

Read more

Dealer News Update

Titan Machinery Inc. announced a definitive agreement with VAIT D.o.o. to acquire a CaseIH dealership in the Vojvodina region of Serbia. —

Green Line, Grand Island, NE has a new home in central Nebraska that may be the biggest John Deere dealership in the state.

Read more

Farmers Want Smarter Equipment

The Prairie Agricultural Machinery Institute (PAMI) recently released results from a “vision session” with about 30 agriculture leaders from across Saskatchewan, Canada, representing producer groups, processors and manufacturers. The response was that participants want to see their machinery get “smarter” but not necessarily smart enough to take the wheel.

Read more

Estate Tax Update

Senate Finance Committee Chair Max Baucus told the Great Falls Tribune (Montana) that he wants to protect an estate tax reduction from any deal averting the fiscal cliff. In the interview with his hometown newspaper Baucus said he is working to preserve a reduction in estate taxes that exempts the first $5 million of an estate’s value for individuals and taxes the remainder at 35%.

Read more

Uncertainty & Year End Tax Planning

While ag headlines for the most part remain upbeat, the last month of 2012 continues to hold uncertainty for members trying to make year end tax decisions, most of it tied to unknown 2013 U.S. tax laws.

Pete Davis provides a short list of reasons why he believes the fiscal cliff won’t get resolved easily and Kiplinger’s tax experts suggestions for year end tax planning.

Read more

Kick’em While They Burn

What started out as chilling crime of violence and total lack of regard for human life, has opened the door for OSHA to cite a Dallas, TX company for four safety violations following a May incident in which an elderly clerk was dowsed with a flammable liquid and set on fire during a robbery

Read more

Win, Lose and Stalled

With Democrats picking up several seats in the U.S. Senate last week, watch for changes in the make up Ag Committee… additional Democrat seats. Unlikely the Farm Bill currently stalled in Congress will receive much attention during the lame duck session. Thad Cochran is looking seriously at reclaiming the post of top GOP on Ag Committee.

The Humane Society of the United States (HSUS) was a big loser on several fronts last week, spent more than $675,000 in support of measure, which was defeated by a 65 to 35 margin. Also failed to take out Rep. Steve King (R-IA) spent upwards of a million dollars.

Voters in North Dakota first to enshrine the right to farm in state constitution. Voters in California rejected a controversial measure that would have required labels to be placed on products containing genetically modified ingredients.

Read more

NAM Discusses Fiscal Cliff

“Manufacturers and their employees across the nation are already struggling due to the uncertainty of the fiscal abyss. By the end of 2012, the U.S. economy will have taken a 0.6 percent hit to GDP as a result of our fiscal crisis. Manufacturing will remain a central player in our economic future and in solving the fiscal abyss.”

Read more