Tax Cuts and Jobs Act has passed and its effect will lessens the impact self-employment and income taxes have on producers from its original version. Arkansas and Monsanto facing off on the Dicamba ban. China removing value added tax on distillers dried grains.
The use of generic or off-label dicamba products may have been widespread in Arkansas this year. Agricultural Guestworker Act would replace the existing H-2A program with an H-2C system that allow imported workers to work year-round, but at potentially lower wage rates than now required.
Bankers are expecting an increase in farm loan foreclosures. Arkansas Ag officials are being sued due to a proposed ban on a weed killer linked to widespread crop damage. an increase in farm loan foreclosures is expected by some bankers. Cargill is expanding, signed an agreement to buy Diamond V.