November 23, 2017

Tyson Building New Tennessee Plant; Kansas on Hold

Tyson Foods announced it will build a chicken-processing plant in western Tennessee. A Drovers’ report says the plant will be up and running by 2019 and will provide more than 1,500 new jobs. The $300 million plant will be built in the city of Humboldt. The company had already invested money in Tennesse as it announced an $84 million dollar expansion of its plant in Union City. Tyson chose Humboldt for its new site over several other locations in the state. A similar plant was proposed in Leavenworth County, Kansas, but public backlash over the plant kept the plan from getting any footing. There were three other locations discussed as potential replacement sites. Kansas Department of Agriculture officials issued a statement congratulating Tennessee on the announcement. “We look forward to continuing to work with Tyson as they further evaluate expansion of their poultry business unit growth opportunities,” says Heather Lansdowne, KDA Communications Director. Tyson officials say they are still interested in building a production plant in Kansas but those plans don’t look to be happening in the near future.

Peterson Likes Senate Tax Bill Better Than House Version

House Ag Committee ranking member Collin Peterson says the Senate tax bill is closer to something he can support than the House Bill. The Minnesota Democrat hopes changes will be made so he can support the conference report. Peterson tells the Hagstrom Report that he supports lowering corporate tax rates but not at the expense of raising taxes on individuals. He also supports raising the exemption on the estate tax but not eliminating it. He wants the provision allowing co-ops to pass along production and marketing cost tax breaks to their members to continue. The current House and Senate bills both eliminate the provision, known as Section 199. “Co-ops don’t pay income taxes and therefore, if this is taken out, the co-ops get nothing from this bill,” Peterson says. “Also, the provisions to eliminate or reduce the deduction for the state and local taxes are a problem and I’ve heard about it from my constituents.” He’s in favor of eliminating the individual insurance mandate under the Affordable Care Act but says that cutting it out will make passing a tax bill that much more difficult. The White House has said the Trump administration understands that particular provision may have to be taken out of the legislation to pass the bill.

Trade Talk 2017: NCGA Gearing Up for Commodity Classic

NCGAThe National Corn Growers Association (NCGA) is gearing up for Commodity Classic. Farm and Ranch Director Rusty Halvorson caught up with Lynn Chrisp, First Vice President, on that topic and several others.

Listen to their conversation:

More on Commodity Classic 2018:

It doesn’t matter what crop you raise.  At Commodity Classic you’re certain to raise your expectations for your farm.

You’ll find the answers, ideas, innovation, technology, equipment and expertise that can make a powerful difference on your farm.  Commodity Classic is America’s largest farmer-led, farmer-focused convention and trade show—unlike any other farm show you’ve ever seen.  Investing a few days at Commodity Classic will pay dividends on your farm all year long!

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