CBOT futures closed markedly lower again today as the funds continue selling amid favorable weather and hurricane-delayed export activity at the US Gulf.  Cattle futures closed mostly higher with feeders benefitting from falling corn prices. Lean hog futures closed mostly higher led by the nearby October contract. 

Corn and soybean futures closed lower but well off the day’s lows, while wheat recovered from big losses to close near the day’s highs. Cattle futures closed lower. LC were pressured by weakening boxed beef values and fund long liquidation. Lean hog futures closed mixed with the first 5 LH contracts lower.

From a reversal of the Waters of the U.S. rule to tax related issues, the agriculture industry is standing firm on its policies and priorities as it faces proposals that could affect the industry in adverse ways.

KFB President Mark Haney says proposals to change federal taxes are a threat to farms and businesses in the state.

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The 57th annual Kentucky Farm Bureau (KFB) Country Ham Breakfast brought in a record-breaking $4.8 million bid for charity. The Grand Champion Country Ham auction is a KFB state fair tradition dating back to 1964. 

KFB Candid Conversation presents a discussion about the topical issues related to KFB priorities, the agricultural industry, and rural communities, in a question and answer format. In this column, Greg and Nathan Peterson, two of the three Peterson Farm Brothers, talk about their highly popular way of advocating for agriculture.

Effective January 1, 2022, KRS 139.481 requires that farmers have an Agriculture Exemption Number for use on Forms 51A158 and 51A159 to make purchases exempt from sales tax.

Kentucky farmers donated $731,627.67 to the Ag Tag Program for 2021 – the highest ever in program history, Commissioner of Agriculture Dr. Ryan Quarles announced.