HB 1146 Defining Agricultural Land for Property Taxes
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Corn, wheat and soybean futures jumped to the highest since 2008 after a U.S. government report showed smaller crops and rising demand are eroding global inventories as food prices surge.
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March 30 (Bloomberg) -- Cattle futures surged to a record on bets that meat demand in Japan will increase amid concerns that farmland and animals were tainted after the March 11 earthquake and tsunami damaged nuclear units.
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Corn rose the most allowed by the Chicago Board of Trade as concerns mounted that food costs will climb after the latest U.S. government forecasts on supplies and acreage. Soybeans and wheat also jumped.
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U.S. corn planting will expand to cover the second-largest area since World War II this year and still fail to meet demand for feed and ethanol, driving prices to their highest in at least 34 years.
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U.S. Corn Acres Seen Increasing 4.5% on Profit Prospects
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Seller Financing of Real Property was approved unanimously in the Senate.
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Agricultural tax bill clears hurdle in House.
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The value of farmland is at an all-time high -- and it's still rising. Investors are snapping up agricultural land -- should they be concerned about another disastrous bubble bust?
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Jim Nerlin named Chapter's Land REALTOR® of the Year.
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