Rich Pottorff is the Chief Economist for Doane Advisory Services, a leader in Ag Analysis.  With a Masters Degree in Agricultural Economics and 35 years of experience in economic analysis and forecasting business, we're excited to share his commodity price outlook for 2014. Q: What is the commodity price outlook for corn, soybeans, wheat in [...]

The American Taxpayer Relief Act of 2012 extended the $500,000 Section 179 deduction that the 2010 Small Business Jobs Act provided.  Under this provision, farmers can deduct up to $500,000 in qualifying purchases.  There is a dollar for dollar reduction of the deduction once the farmer’s fixed asset purchases go over $2,000,000.  However, the Section [...]