CattleNetwork Top Stories: Estate Taxes, Weak Oil Demand, Cargill Invests In Beef Facility

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U.S. Cattlemen's Association Supports Effort To Reduce Estate Taxes
The U.S. Cattlemen's Association (USCA) today commended the current effort to reduce estate taxes by increasing the exemption to $5,000,000 and reducing the highest estate tax rate to 35%. In November of 2009, USCA passed policy which supported raising the unified credit to $5,000,000, adjusting it for inflation thereafter and reducing the estate tax rate from 45% to 35%. The federal estate tax is scheduled to return on January 1, 2011, imposing a levy of up to 55% on estates valued at more than $1 million.


Weak U.S. Oil Demand?
In analyzing the outlook for oil prices, soft U.S. oil market conditions are sometimes cited as capping price pressures. Unlike regions outside the United States, including other Organization for Economic Cooperation and Development (OECD) areas, U.S. inventories are still high, despite recent declines, and oil demand is characterized, by some, as remaining weak.


Be Thankful For Staying Busy
Another Thanksgiving has come and gone. For those within agriculture, it brought feelings of ambiguity, since the blessings have been obscured by hardship. The dairy industry has had a particularly tough time the past couple of years.


Cargill Invests $8 Million In Fresno Beef Facility
Cargill invested $8 million at its Fresno beef production facility for recently completed projects to expand its already extensive food safety efforts, and to renovate and expand some packaging lines.


How High Will Land Prices Go?
A wave of farmland sales bringing $8,000 per acre and higher rolled across Iowa last month, prompting farmers, realtors and lenders to ask: "How high will land prices go?"


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