Ag reality TV farmer Steve A. McBee and his sons settled a federal lawsuit
over alleged asset transfers, agreeing to repay $3.16 million in the next 10
months.
BSteve McBee Owes $4 Million in Deal
Corn was 60% harvested, and the remaining crop was rated 56% in
good-to-excellent condition as of Sunday, Oct. 25. Soybeans were 79% harvested.
BUSDA Weekly Crop Progress Report
With ample fundamental support, the cattle complex continues to rally
higher and higher.
7^Sort and Cull
A new FSA rule now treats LLCs and S corps as pass-through entities,
prompting farmers to reconsider entity structure, weighing S corp tax savings
against partnerships' greater flexibility and debt-basis advantages.
4^Taxlink
USDA on Friday revised its corn estimates for September, citing a
processing error involving acreage weights that affected yield estimates out of
Kansas and Nebraska. Despite the revisions, USDA did not change its October
yield projection of 181.2 bushels per acre or its production projection of
16.034 billion bushels.
BUSDA Acknowledges Corn Crop Yield Error
