515-223-5119 info@ineda.com

Secretary Perdue Statement on Administrative Actions to Streamline H-2A Process

(Washington, D.C., September 20, 2019) – U.S. Secretary of Agriculture Sonny Perdue issued the following statement highlighting actions announced by the Department of Labor (DOL) which will modernize the burdensome H2A visa process. First, DOL published a common-sense rule that eliminates the requirement to advertise a job opening in print newspapers instead shifting to advertising… Read More »

Equipment Dealers Win with New IRS Development

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 »

Volume of Prevented Plant Acres Could Hit Ag Equipment Sales

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 »

Secretary Perdue Announces Kansas City Region as Location for ERS and NIFA

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 to boost credit to African farmers

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 »