LOUIS, MO (September 17, 2019) – The Equipment Dealers Association praises the IRS’ final and proposed regulations that clarify bonus depreciation and interest expense for dealerships with floor plan financing. “To the extent that overall interest expense, including floorplan interest, is below 30% of adjusted taxable income, a dealership will be eligible to take 100%… Read More »
The collapse of an irrigation tunnel in southeastern Wyoming could cost Nebraska and Wyoming roughly 89 million dollars in economic losses if affected crops are a total loss, according to a report by university specialists in the two states. [More]
There’s little doubt that the volume of prevented plant acres will impact the sale of farm machinery for the remainder of 2019 and possibly into 2020. The effects of the poor planting weather that resulted in very late planting or prevented planting of corn and soybeans earlier this year throughout much of the Midwest is… Read More »
Move puts ERS, NIFA closer to customers, expected to save nearly $300 million nominally (Washington, D.C., June 13, 2019) – U.S. Secretary of Agriculture Sonny Perdue today announced the U.S. Department of Agriculture (USDA) will relocate the Economic Research Service (ERS) and National Institute of Food and Agriculture (NIFA) to the Kansas City Region. “Following… Read More »
Deere (NYSE:DE) is looking to extend more credit to African farmers who have traditionally made purchases in cash amid a “dramatic shift” in mechanization as the continent seeks to boost food production. The company lends as much as $70M to individual African farmers, said Antois van der Westhuizen, financial director for sub-Saharan Africa. “The more we finance,… Read More »