Friday, September 3, 2010

Arms Length Contracts
We have been informed that a written "arms length" contract signed and dated before harvest and delivery of grain should satisfy the IRS code.  Please note that CFE does not guarantee that such agreement will resolve the customer's issue, as CFE is not in the business of offering tax advice to our customers.  We suggest that you consult your tax advisor.
 

Phone: 217-942-6922

 Saturday, September 4, 2010  
 
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- DTN Headline News
9/3/10 4:02 PM Proposed rules would allow feed into Europe that is now rejected because of trace amounts of genetically engineered material.
9/3/10 4:00 PM Feverish opposition doomed USDA's proposed National Animal Identification System, but the backup plan of 50 state systems isn't likely to provide the rapid traceability needed to head off the worst consequences of contagious animal diseases.
9/3/10 3:57 PM Despite talk of eliminating all farm programs, Iowa Farm Bureau members on Friday voted to defend most programs but proposed eliminating direct payments in exchange for improved risk-management tools.
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DTN Market Headlines
Corn futures are expected to open steady to 2 lower as of 7:15 a.m. CDT; soybeans 5 to 7 higher; wheat 5 to 8 higher.
Meat contracts are expected to start out mixed in slow volume as traders position before the Labor Day weekend. Early business should be a limited combination of spillover buying interest and pre-holiday profit-taking.
>> More DTN Markets at DTNProgressiveFarmer.com
 
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