USDA's 2023 Prospective Plantings report shows farmers intend to plant a surprising 3.42 million more corn acres in 2023 versus 2022 for a total of nearly 92 million acres. Soybeans acres are expected to be up slightly at 87.51 million; wheat acres up 9% at 49.9 million; and cotton acres down 18% to 11.3 million. Here's what several market analysts have to say as well as maps to break down acreage changes by state.
There has been a long-term debate on whether assets placed into a grantor trust will get a step-up in basis at death if they're not included in the taxpayer’s estate. We now have the first change from the IRS. Paul Neiffer goes over the details.
The funding was made available to help struggling rural communities “recover economically” and offer more market opportunities, improve infrastructure and protect farmland, according to USDA.
The best ideas for your farm can come from anyone on your team. How can you foster an environment of innovation and strategic focus? Use a process Mark Faust calls an “innovation sprint.”
Join Farm Journal Field Agronomists Ken Ferrie and Missy Bauer on April 3 at 11 a.m. CST as they share their observations and data from Farm Journal Test Plot research.
