Tax changes may affect farmers under 1975 bill
The 1975 Tax Reduction Bill is law and affects farmers and firms. Key points include a rising investment tax credit to 10 percent for eligible property placed in service after January 21 1975, with a 7 percent rate returning January 1 1977. Corporate rates drop to 20 and 22 percent for 1975, plus higher accumulated earnings credits and new residence tax credits. Other provisions cover depreciation, minimum standard deductions, and exemptions.
MENTIONED IN THIS ARTICLE
Dale Schnarrer
Australia Faces U.S. Beef Import Halt Until Review
The United States strictly blocks Australian beef entry while confirming 1975 allocation compliance. Monitoring continues on shipments from New Zealand and Costa Rica with no immediate action expected. Verification of Australia’s calendar year intake will take about two weeks, after which excess meat may be stored under bond or returned.
MENTIONED IN THIS ARTICLE
Washington
U.S
Agriculture Department
New Zealand
Costa Rica
USDA
Australia
Seedling Tree Applications Now Open at Extension Center
The Missouri Department of Conservation offers seedling trees and bundles to landowners each spring. Applications and stock lists are at the Extension Center in the Courthouse, with species including Shortleaf Pine, Loblolly Pine, Red Oak, Black Walnut, Sycamore, Dogwood, and more. Bundles cover Game Cover, Windbreak, and Nut trees. Ordering is first come, first served, so act early. A MU Guide Before You Order Seedlings is available to help select appropriate stock.
MENTIONED IN THIS ARTICLE
Missouri Department of Conservation
Forestry Division
Missouri
Wheat Farmers Watch Markets For Price Triggers
Washington AP reports USDA analyst Frank Gomme says wheat farmers may sell adaptively to rising prices and hold back when markets falter. Despite record exports, world buyers delay purchases as U.S. supplies remain ample, with domestic use rising slightly and exports seen strong into 1976. Meeker projects a year of continued high exports and stable prices amid big global demand.
MENTIONED IN THIS ARTICLE
Washington
U.S
Agriculture Department
Russia
Frank Gomme
Department
Economic Research Service
USDA
Gomme
United States
Rex F. Daly
Brice Kreeker
Foreign Agricultural Service
Meeker
Middleman's Share On Food Goes Up
Washington AP reports that amid a 14.5 percent food price rise last year, Agriculture Department analysts say middlemen’s share drove 80 percent or more of the increase. Cornell’s study shows higher industry profits 1973–74 with higher returns on sales and ROI, while net farm income fell 6.2 percent from a 1973 peak. The 1976 Farmers Tax Guide will be released soon with free copies announced.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
National Association of Food Chains
Cornell University
Market Hog Show To Be Held Dec 3 Audrain Pork Producers
The Audrain County Pork Producers and University Extension Center announce the annual market hog show on December 3 at the Missouri Livestock Market Center in Mexico starting at 7 p.m. Weighing and marking begin at 5 p.m., entries due by 6 p.m. A $4 per head carcass data fee applies for up to 25 hogs. Prizes awarded December 6 at 6:30 p.m. at the 4-H Center with trophies for each class.
MENTIONED IN THIS ARTICLE
Audrain County Pork Producers
University Extension Center
Missouri Livestock Market Center
Mexico
Livestock Center
Burdain
Park Producers Meeting
Ag Guide Tells What OSHA Wants
A farmer with employees must ensure safe working conditions under OSHA. The new UMC agricultural Guide No. 1961 answers questions on this responsibility. It covers recordkeeping of injuries and illnesses, safety information, and employee training. Available at the University of Missouri extension center in Mexico.
MENTIONED IN THIS ARTICLE
OSHA
UMC
University of Missouri Extension Center
Mexico
Hay Supplies Stretch With Smart Cattle Management
Hay and roughage reserves are slightly down per head this year, with prices high relative to cattle. Manage for efficiency by culling open or low producing cows, grazing stalk fields and fescue later, feeding hay in racks to reduce waste, and supplementing minerals. For lice control, use backrubbers or dust bags year round, and apply sprays after January 1 with labeled products.
MENTIONED IN THIS ARTICLE
Ross L
Purdue
Farmland prices in Missouri to level off by 1980 says economist
Dr. Robert Bevins of the University of Missouri told a land development group in Kearney that Missouri farmland costs are slowing and should reach no more than 500 dollars per acre by 1980. He noted prices rose from 259 dollars in 1972 to 289 in 1973 374 in 1974 and 394 so far in 1976, with inflation outpacing gains but a sharper drop unlikely.
MENTIONED IN THIS ARTICLE
Kearney
Missouri
Robert J. Bevins
University of Missouri At Columbia
Bevins
Kansas City
Also Mentioned on This Page
Middleman
Dale Schwarre
Paris Am
Legion Hall
the Casuals
Lam
Monroe County Post
Federal Land Bank
Association OF Mexico
E. Mexico
Santa
Orschelns
New Idea
C.f.m
Bis
Mexico Equipment Inc
Western Auto Assoc
Village Square
Sears
Centralia
Gamble Paint & Glass
W. Promenade
Cate
Marien Et de Tong
Kohl Equipment CO
Vandalia
Sears and Save
South Side
Sears, Rueblck and CO
Countryside Inn
Fulton
Don
Elkins
Paul Riechers
Charles Newland
Auxvasse, Mo
Cater Earnest
MFA
MFA Exchange
Bob Berrey
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