What: Two Person Best Shot
When: Friday, August 26, 2011
12:00 p.m. - Registration
12:30 p.m. - Shot Gun Start
Where: Three Elms Course
Independence, IA
Meal: 5:30 p.m. - Steak Fry
Even if you are unable to golf, please stop out for Dinner!
Cost: Free for Buchanan County Corn and Soybeans Association Members
RSVP: Respond by August 24 via mail, fax, or call:
Jason Franck at 319.533.5705 or fax 319.938.2619 or Greg Alber at 319.334.9494
Saturday, August 13, 2011
Friday, August 12, 2011
Ask the Taxman!
Question?
My husband and son have been farming together for years, with each having their own equipment and land. In the last 10 years, in order to get larger equipment, they have shared the cost at 50% each. They now have over $100,000 each in their own share of this equipment. My husband would like to retire, and sell our son his half of the equipment. We would like to do this over a period of years. Can this legally be done and how? All of the equipment has been written off using the first-year deductions, so there is no remaining tax cost.
Click here for Answer!
As seen on DTN Morning Email Blast
My husband and son have been farming together for years, with each having their own equipment and land. In the last 10 years, in order to get larger equipment, they have shared the cost at 50% each. They now have over $100,000 each in their own share of this equipment. My husband would like to retire, and sell our son his half of the equipment. We would like to do this over a period of years. Can this legally be done and how? All of the equipment has been written off using the first-year deductions, so there is no remaining tax cost.
Click here for Answer!
As seen on DTN Morning Email Blast
Wind Turbines are Killing Bats... Big Time!
During the wind turbine boom, bat deaths have escalated and will continue barring remedies that can save bats' lives. The deaths aren't from bats flying into turbine blades; rather, they die from lung hemorrhages caused by enduring a huge drop in air pressure as they fly past the blades.
The deaths are a growing concern for farmers, who appreciate bats for their ability to snarf up thousands of insects, many of them harmful to crops, saving North American farmers a whopping $3.7 billion a year in annual losses.
One potential remedy: Fitting the wind turbine towers with sound devices that emit a high-frequency pitch only bats can hear, helping them avoid the blades.
As seen in the Kiplinger Agricultural Letter
The deaths are a growing concern for farmers, who appreciate bats for their ability to snarf up thousands of insects, many of them harmful to crops, saving North American farmers a whopping $3.7 billion a year in annual losses.
One potential remedy: Fitting the wind turbine towers with sound devices that emit a high-frequency pitch only bats can hear, helping them avoid the blades.
As seen in the Kiplinger Agricultural Letter
Coffee Shop Followup
Update: this news story seen prior on News From The Coffee Shop
The Commodity Futures Trading Commission has approved CME Group Inc.’s plan to raise the daily trading limits for Chicago Board of Trade corn futures to 40¢/bu. from 30¢ despite resistance to the change from members of the corn industry.
The new limits will go into effect on Aug. 22 for CBOT corn futures, corn options and mini-sized corn futures. Under the CME group proposal, the corn futures daily price limit will be expandable once to 60¢ when at least two contracts close at limit bid or limit offer on the previous trading day. The current 30¢ daily limit for corn futures is expandable to 45¢, then again to 70¢ when at least two contracts close at limit bid or limit offer.
As seen on Crop News Weekly Email
The Commodity Futures Trading Commission has approved CME Group Inc.’s plan to raise the daily trading limits for Chicago Board of Trade corn futures to 40¢/bu. from 30¢ despite resistance to the change from members of the corn industry.
The new limits will go into effect on Aug. 22 for CBOT corn futures, corn options and mini-sized corn futures. Under the CME group proposal, the corn futures daily price limit will be expandable once to 60¢ when at least two contracts close at limit bid or limit offer on the previous trading day. The current 30¢ daily limit for corn futures is expandable to 45¢, then again to 70¢ when at least two contracts close at limit bid or limit offer.
As seen on Crop News Weekly Email
Thursday, August 11, 2011
Golf Can Frustrate Anybody!
ESPN News - Tiger Woods shot his worst round at a PGA Championship with a 7-over 77 (3 double bogeys, 5 bogeys)
Our Reply: Welcome back to Earth Tiger!
Opening Market Calls
CORN SEP 708+30
SYBN AUG 1341.25+40.5
LCTL AUG 115.5+1.2
LHOG AUG 106.6+0.325
SYBN AUG 1341.25+40.5
LCTL AUG 115.5+1.2
LHOG AUG 106.6+0.325
Our Reply: They're flyin' high this morning!
Ending Stocks Tight
Corn futures are called 15 to 20 cents higher with 2011/12 ending stocks extremely tight, Brugler Marketing said Thursday morning. The monthly WASDE report put corn ending stocks for 2010/11 at 940 m/bu. compared to the average trade estimate of 922 m/bu. and 2011/12 ending stocks at 714 m/bu. compared to 751 m/bu. for the average trade estimate.
Soybean futures are expected to open 10 to 15 cents higher, Brugler Marketing said. The USDA put soybean ending stocks for 2010/11 at 230 m/bu.. Trade estimates were 218 m/bu. for 2010/11. The USDA projects 2011/12 ending stocks at 155 m/bu. compared to the average trade guess of 168 m/bu. and down from 175 m/bu. in the July report.
As seen on marketwatchonline.com
Soybean futures are expected to open 10 to 15 cents higher, Brugler Marketing said. The USDA put soybean ending stocks for 2010/11 at 230 m/bu.. Trade estimates were 218 m/bu. for 2010/11. The USDA projects 2011/12 ending stocks at 155 m/bu. compared to the average trade guess of 168 m/bu. and down from 175 m/bu. in the July report.
As seen on marketwatchonline.com
Nitrogen Fixing Cereal Crops
Among tricks geneticists want to develop in cereal crops: Fixing Nitrogen, which would save farmers a bundle in raising corn, wheat, and other grain, which need added nitrogen for high yields. It'd save rivers and lakes a lot of pollution from field runoff as well. Univ. of Alberta biologists are working to transfer some genes from legumes, which fix their own nitrogen, to a wide variety of crops that can't.
As seen on the Kiplinger Agricultural Letter
As seen on the Kiplinger Agricultural Letter
Wednesday, August 10, 2011
Video Coverage Coming Soon!
Be sure to check out the News From The Coffee Shop blog on Crop Tour Day- August 20th for exciting video coverage of the day's events! Coverage will include producer host interviews, field reports from tour participants, and video footage of Crop Tour happenings!
New Look Feed Back
By the way, I'm really liking the new look of the blog, very appealing to the eye!... From Adam White
Unverferth unveils 2,000-bu. Brent grain cart
The Avalanche features a drivetrain design that combines a belt-driven, 20-in.-dia. floor auger with a heavy-duty, direct-drive 90° gearbox. The vertical auger is 24 in. in diameter and pivots up and down. The multidirectional downspout is operated with the remote control.
The Avalanche 2096 is available with tracks or steerable in-line tandem wheels. A hydraulically cushioned tongue helps smooth the ride and reduce drawbar stress. A Weatherguard tarp comes standard to protect loads. Hydraulic brakes are optional for the steerable tandem. Side- and rear-mounted cameras also may be purchased to connect to a monitor in the tractor cab.
Price of the 2096 Avalanche with steerable in-line tandem is $130,000.
For more information, visit http://www.brentequip.com/.
Tuesday, August 9, 2011
$10,200 / acre
SOLD!
100 Acres, m/l
Delaware County, Iowa
Tuesday, August 9, 2011
10:00 a.m.
Masonville, IA
100 acres, m/l, with 99 crop acres and average CSR 79.3 to be offered as a single parcel of land.
Our Reply: Thank you Jason Orr for the update!
100 Acres, m/l
Delaware County, Iowa
Tuesday, August 9, 2011
10:00 a.m.
Masonville, IA
100 acres, m/l, with 99 crop acres and average CSR 79.3 to be offered as a single parcel of land.
Our Reply: Thank you Jason Orr for the update!
Variability Out There!
 |
Every ear in 1/1000th of an acre sample from Carson & Barron Farms Pioneer Test Plot. Field experienced negative pollination outcome due to straight line wind storm on July 11th.
Our Reply: Thanks for sharing on your blog Chris!
Crop Tour Excitement Building
RSVP's are in and more continue to trickle in each day! A large number of interested local farmers and agribusiness folks have signed up to take part in this year's Buchanan County Crop Tour!
If you'd still like to attend the Crop Tour on Saturday, August 20th please contact Pete at 319-327-0806 or prburmeister@gmail.com as soon as possible to reserve your spot.
Monday, August 8, 2011
What Our Readers Are Saying........
New quarry NE of Brandon???? Its the first I've heard of it. Only at the coffee shop.... From AJ
Great action shot, News from the Coffee Shop never disappoints!... From Adam
Blog looks great!! It's in my favorites and I'll keep you posted with any news from up this way... From Neal
Your blog is AWESOME!... From TJ
LOL, That last post on the blog is pretty good!... From Vicki
That's what you call 5 Thumbs Up!
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