Corn likely more profitable than soybeans in 1981 Wis. prices
UW Extension economist Gerald Campbell notes December 1981 corn futures around 3.70 per bushel suggest higher profits from corn than soybeans this year. He warns soybeans could regain favor if soybean yields or demand shift, and forecasts stable winter prices with potential volatility in spring and summer. Local prices may lag futures depending on harvest outcomes and storage capacity.
MENTIONED IN THIS ARTICLE
UW Extension
Gerald Campbell
Wisconsin
Campbell
Widow's tax ire rises on Capitol Hill over farm widows
Senators pledged reform of inheritance taxes after a Senate hearing on the widow's tax held during Women's Rights Day. Laura Lane of Farm Journal testified the IRS denies the 250000 widow exclusion without proof of farm participation, while lawmakers David Boren and a Republican promised legislation to lift tax burdens. The proposed bill would exempt the first 600000 of an estate, cut estate taxes by 10 percent, and raise annual gift exemptions from 3000 to 10000 to ease transfers between generations.
MENTIONED IN THIS ARTICLE
Capitol Hill
Internal Revenue Service
Laura Lane
Philadelphia
Farm Journal
IRS
Oming
David Boren
Oklahoma
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