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Commodity Communicator Weekly

July 26, 2013

HOUSE IMMIGRATION LEGISLATION ROLL OUT…..There was some hope that the House immigration reform legislation would be introduced before the August recess.  After some consideration, the roll out has been postponed until September when Congress is back in session.  As with most legislation before introduction, tweaking is still in progress.  The legislation is important and the sponsors also want to make sure that the necessary education is done on the subject.  Sponsors of the House version of immigration reform want to do the best job they can in educating the public about their legislation but not only is there not enough time before the recess, which time is running out fast.  They prefer to wait a month till September when they will be totally geared up for the roll out.

POULTRY FORECAST
…..Lower grain prices and an improved domestic economy are expected to result in higher broiler meat production in the second half of 2013 and into 2014, according to USDA’s Economic Research Service.  The ERS latest “Livestock Dairy and Poultry Outlook” said broiler meat production in the second half of 2013 is expected to total 19.1 billion pounds, 3 percent higher than the previous year.  Lower grain prices are also expected to impact turkey production, but not until 2014.  Egg prices averaged $1.10 per dozen in second-quarter 2013, 10 percent above the previous year.  Prices have been boosted by strong exports to Mexico, whose domestic production continues to be impacted by an outbreak of avian influenza.

UofA RICE EXPO
. . . . .The University of Arkansas Division of Agriculture Rice Expo will be held Friday, August 2, 2013, at the Grand Prairie Center in Stuttgart, Arkansas. The Expo will feature tours of research plots at the Rice Research and Extension Center, a rice cookoff, a trade show, kids activities and much more. To see the full schedule of events, follow this link: http://www.aragriculture.org/riceexpo/

CONSERVATION EASEMENT TAX CREDIT. . . . .American Farm Bureau is supporting legislation to make permanent the tax incentive for landowners who donate conservation easements. S. 526, the Rural Heritage Conservation Extension Act was introduced by Sens. Max Baucus (D-Mont.) and Orin Hatch (R-Utah.) The House bill, H.R. 2807, of the same name was introduced this week by Reps. Jim Gerlach (R- Pa.) and Mike Thompson (D-Calif.)

Permanent law allows a farmer to take a tax deduction for donating a conservation easement. Through 2013, an enhanced deduction of up to 100 percent of a farmer’s or rancher’s income can be taken and the deduction can be carried forward for 16 years. Unless Congress acts, the amount of the deduction will be limited to 30 percent and the amount of time that the deduction can be carried forward will only be six years.

GRAINGER DISCOUNTS. . . . . Receive a 10% discount on Grainger products by calling 1-877-202-2594 or by going to the website at www.grainger.com.  The account number for members is 805 059 599.



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