Monday, December 30, 2013

New Normal Agriculture

AgriNews: New agriculture normal positive but challenging: " . . . issues on food safety, animal welfare, traceability, sustainability and environmental regulations are not only going to expand, they’re going to go global, as well as domestic,” he said. “That’s probably going to add to your cost structure. . . . Barr expects major tax code changes in the future, and new rules on depreciation, 1031-like exchanges, accounting options, estate taxes will alter previously optimal business structures and strategies. . . . Investments in equipment, land ownership and rental commitments will need to be reassessed in a new market environment. “Agriculture is used to this — but that doesn’t mean it’s not disruptive, at least in the short term. But we will have to realign kind of where that new normal is as it begins to emerge,” Barr said. . . ." (read more at link above)

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