Markets are higher this morning after it was announced on Saturday that the US and China have agreed to dramatically increase their purchases of US agricultural and energy products. US Treasury Secretary said yesterday that the Trump administration is going to be putting a potential trade war on hold. Included in the framework of the agreement are commitments that include a 35-45% increase in agricultural demand. There is no breakdown of the demand increase, but it is expected to include soybeans, grains and US meat products. I would expect that these announcements should allow the markets to get back to trading fundamentals. This does not mean that the markets are going to trade significantly higher, but could hold some key support levels in corn and soybeans. Planting progress this afternoon is expected to show 80% of the corn crop and 55% of the bean crop planted as of Sunday night.
Producers should be taking advantage of these rainy days to talk to their buyers about putting in firm offers on any old crop corn sales they have left to make. You should also be getting sales on the books and putting in firm offers for new crop corn. With levels over $4, producers should have 25% of your 2018 production and 10% of your 2019 crop sold.
NGFA praises Section 199A fix in omnibus spending bill
ARLINGTON, Va. March 23, 2018 — The National Grain and Feed Association (NGFA) today commended Congress for voting to pass and President Donald Trump for signing into the law the stakeholder-driven provisions included in the omnibus fiscal year 2018 appropriations bill that corrects the unintended consequences of Section 199A of the Tax Cuts and Jobs Act of 2017.
The House voted on the omnibus legislation (H.R. 1625) on March 22, with the Senate subsequently voting to pass the bill late last night. Trump signed the bill earlier today prior to the midnight deadline to avert another shutdown of the federal government. The provisions amending Section 199A are retroactive to Jan. 1, 2018.
U.S. Secretary of Agriculture Sonny Perdue, who during his keynote address at NGFA’s 122nd annual convention had stressed the need to rectify the unintended consequences of Section 199A, issued a media statement today saying that “fixing Section 199A was a fundamental issue of fairness.”
“We should not be picking winners and losers through the federal tax code by favoring one side over another,” Perdue said. “During my travels across the country, I met with countless farmers and members of the agriculture community who were affected by this so-called ‘grain glitch.’ I applaud Congress for hearing their voice.”
The NGFA and National Council of Farmer Cooperatives had issued a joint statement on March 13 supporting prompt enactment of the legislative language, which was developed by the tax-writing committees of Congress after months of collaboration and extensive analysis among and with stakeholders. The provisions replicate to the greatest extent possible the tax benefits accorded to farmer-owned cooperatives and their farmer-patrons under the previous Section 199 (also known as the Domestic Production Activities Deduction, or DPAD), while also restoring the competitive landscape of the marketplace as it existed in December 2017 so that the tax code does not provide an incentive for farmers to do business with a company solely because it is organized as a cooperative or private/independent firm.
NGFA President Randy Gordon today commended and expressed profound appreciation to the dedicated tax experts from NGFA-member companies — half derived from cooperatives and half from private/independent organized businesses — who provided “sound, factual advice and analysis in a totally professional and above-board process throughout the two-plus months that it took to develop and analyze the real-world impacts of an equitable concept to correct Section 199A.”
He also praised what he called the “indispensable and critical involvement” of hundreds of NGFA-member companies that took the time to repeatedly contact their members of Congress to urge enactment of the solution.
NGFA noted that great care was taken by stakeholders to develop a concept that provides tax relief to farmers, as envisioned in the tax-reform law, while restoring to the maximum extent possible the competitive balance of the marketplace. NGFA verified that the final language to correct Section 199A included in the omnibus legislation accurately reflected the concepts developed by NGFA and NCFC.
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Overexertion – Take it Easy – Your body will thank you
Whether it happens at work or on the golf course, overexertion continues to be a leading cause of injury over all age groups. It was the second leading reason (after falls) that adults age 25-64 ended up in emergency departments in 2013, and the third leading cause for kids ages 10 and older, often from too-heavy backpacks, computers and gaming, and poor posture. Overexertion causes 35% of all work-related injuries and is, by far, the largest contributor to workers' compensation costs – more than $15 billion, or 25% of the total cost in 2012, according to Injury Facts 2016®. It also is the #1 reason for lost work days. More than 322,000 people missed work that year due to overexertion. Here are some injury statistics by industry for 2013: Construction – 23,810 Manufacturing – 44,230 Wholesale trade – 21,480 Retail trade – 50,090 Transportation and warehousing – 33,850 Professional and business services – 20,220 Education and health services – 71,630 Government – 77,780
Ergonomic injuries are disorders of the soft tissue, specifically of the muscles, nerves, tendons, ligaments, joints, cartilage, blood vessels and spinal discs caused by: Excessive lifting, lowering, pushing, pulling, reaching or stretching
Working in awkward positions Repetitive motion
Sitting or standing for prolonged period of time
Using excessive force
Vibration, resting on sharp corners or edges
Whether you become injured on an assembly line or typing on a computer, playing video games or helping someone move, it's important to know the signs. Ergonomic injury is cumulative. Symptoms can include everything from posture problems and intermittent discomfort, to tendonitis, chronic pain and disability.
Overexertion can be Prevented
Regular exercise, stretching and strength training to maintain a strong core all are beneficial in preventing injury. Following are some additional tips for work and home: * Plan a lift before you begin, keep your back straight and lift with your legs * Limit the amount of time you spend doing the same motion over and over * Take frequent breaks from any sustained position every 20-30 minutes * If you work at a desk, move frequently used items close to you, use a footrest and adjust the height of your computer * Report pain, swelling, numbness, tingling, tenderness, clicking or loss of strength to your doctor before it becomes a full-blown injury
ACH - Payment Form
If you are interested in ACH, please completely fill out the attached form and return it to Didion. Some financial institutions charge for this service.(You will have to check with yours to see if there is a fee) If you have a lien on your grain, we will not be able to pay you via ACH. Click Here to view form.
LET US DO THE TRUCKING FOR YOU!
Didion Milling has trucks ready to serve you. We have hopper bottom and dump trailers of various sizes to fit your needs. We offer on-farm pickup throughout the year. Hourly rates are available should you need extra time to fill a trailer. Contact Garry or Mitch for more information on our trucking services.