Gulke: Have Grains/Oilseeds Completed Their Reset In Prices?

The sunset of the Trump Tax Cuts is around the corner and might be here before farmers are ready for it. The current lifetime estate and gift tax exemption is $13.61 million, but it will be cut in half beginning in 2026. This means most farmers have about 18 months to make some major estate decisions.

From a slew of tornadoes since late April to planting delays, the quick switch from El Niño to La Niña is partially to blame for the active stretch of severe weather. Looking forward, there are even bigger concerns with the transition to La Niña, says Brad Rippey, USDA meteorologist.

The House Farm, Food and National Security Act of 2024 introduces significant changes to reference prices, specialty crops and trade promotion, while also addressing foreign farmland ownership.