Economics
Brothers find success in landrace, heritage grain
Surrounded by a sea of grain, Palouse Heritage is making its own waves in the local and regional food system with their landrace and heritage crops. Located between Endicott and St. John., Wash., Palouse Heritage was established in 2015 by brothers Don and Richard Scheuerman who grew up on a…
Ag overtime rules: Is there a workable solution?
For many farmers in Washington state, paying their employees overtime pay has not been required in the past. No matter how long the day, employees earned their hourly pay rate. It was simple, convenient and predictable for the farmer and the employee. However, a November 2020 Washington Supreme Court case…
A good food fit
As consumer awareness of where and how food is grown continues to increase, some farmers are finding success selling into their local and regional food systems. For more than 25 years, Colette DePhelps has worked with multiple partners in the Inland Northwest to develop community food systems and small farms…
First-person account
To be Ukrainian today is a huge challenge. It is a pain, but it is also a pride. The war in Ukraine has affected each Ukrainian family and even everybody around the world. I am pleased to share with you my survival story and tell about Ukraine first hand. I…
Estate planning for farm ground
In the February issue of Wheat Life, I discussed what kind of entity farm ground should be held in. I have had several people follow up, asking how to transition their farm ground without setting up an entity like an LLC. While I believe an LLC has several advantages, it…
Looking ahead
Last month, Dr. David Kohl warned producers that a period of extreme economic volatility is approaching, but along with the challenges it will bring, there will also be opportunities for producers who are prepared. “I think it’s a new era of prosperity if you follow a certain management mindset. If…
Future uncertainty will require careful management
The financial bottom line will be a key element in any farm and ranch game plan in 2022 and beyond. While the past two years have been both financially and mentally challenging, managing through uncertainty has had a silver lining. Prices for many commodities increased dramatically prior to inflating costs,…
Estate tax woes
Farmers in Washington state face an extra tax at death that most other farmers in the U.S. do not. That is a Washington state estate tax. Oregon also has this tax, along with about 15 other states, primarily in the Midwest or back East. Even California no longer has an…
ARC or PLC?
Randy Fortenbery, a Washington State University agricultural economics professor, is well known for his presentations on the markets. He appeared last month in a 2022 Agricultural Marketing and Management Organization (AMMO) seminar, but he also writes a regular column in Wheat Life, which in this issue, is very similar to…
Caution: Market opportunities ahead
In the past decade, South and Southeast Asia have become one of the U.S. wheat industry’s most important markets, accounting for nearly a quarter of all U.S. wheat shipments. Despite some significant challenges over the past year, Joe Bippert, assistant regional director for U.S. Wheat Associates (USW), believes there is…
