Posts

Friday’s USDA Grain Stocks Unlikely to Change Corn Market

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Friday’s USDA Grain Stocks Unlikely to Change Corn Market
Todd Hubbs, Agricultural Economist - University of Illinois Friday the United States Department of Agriculture will close out last fall’s harvest and marketing year with the release of the fourth quarter Grain Stocks report. Todd Gleason reports it is not expected to impact the price of corn.

Fall Garden Mums in the Garden

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Fall Garden Mums in the Garden
Kari Houle, Extension Horticulture - University of Illinois
read blog postIt’s easy to buy potted mums in the fall, but did you know you can put them right into the ground. Next year they’ll come back. Todd Gleason has more from the University of Illinois…

Planting Trees in the Fall

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Planting Trees in the Fall
Beth Allhands, University of Illinois ExtensionWith a few exceptions fall is the best time to plant trees. Todd Gleason has more on the reasons why and some how-to advice from the University of Illinois.

Margin Protection Crop Insurance Decision Due

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Margin Protection Crop Insurance Decision Due
Gary Schnitkey, Extension Agricultural Economist - University of IllinoisFarmers have until the end of this month to decide if they’d like to take USDA’s new Margin Protection Crop Insurance plan. Todd Gleason has more…Known as M-P, the program most closely aligns…
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1:18 radio self-containedKnown as M-P, the program most closely aligns with the current A-R-P, or Area Revenue Protection crop insurance plan. University of Illinois Agricultural Economist Gary Schnitkey says while there are difference the one of note is the price setting period. It locks in input prices (the margin) based on corresponding futures traded in Chicago for urea, DAP, diesel fuel, and interest rates. Schnitkey :18 …that would be an advantage.Quote Summary - The other side of it you might be interested in is setting a projected price now versus in February. We know that our projected prices for Margin Protection insurance are $3.96 for corn and…

Plan for Big Medicare Premiums After Big Income Years

If you’re on Medicare and happen to have an unusually high taxable income year it will raise your premiums, but not right away. Todd Gleason has more from the University of Illinois Tax School. Two years after a big income year the Federal government takes some of that money back by increasing Medicare premiums says Bob Rhea (ray), a presenter for the U of I Tax School.Quote Summary - For people who are drawing Medicare and paying Medicare premiums the IRS has a rule that says if you have a large income in one year, we wait two years and then look back and determine if you need to pay a higher Medicare premium because you had high income two years prior. Rhea says a typical Medicare Part B and Part D prescription drug plan runs about $150 per month or about $3,600 per year for a married couple. He says it is possible for that to balloon to as much as $12,000 for a single year event because of the sale of a business or other asset. Quote Summary - And we don’t find that out until two y…

Plan for Big Medicare Premiums After Big Income Years

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Plan for Big Medicare Premiums After Big Income Years
Bob Rhea, University of Illinois Tax School Lecturer | FBFMIf you’re on Medicare and happen to have an unusually high taxable income year it will raise your premiums, but not right away. Todd Gleason has more from the University of Illinois Tax School. Two years after a big income year the Federal…
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1:17 radio self-contained Two years after a big income year the Federal government takes some of that money back by increasing Medicare premiums says Bob Rhea (ray), a presenter for the U of I Tax School.Rhea :20 …had high income two years prior. Quote Summary - For people who are drawing Medicare and paying Medicare premiums the IRS has a rule that says if you have a large income in one year, we wait two years and then look back and determine if you need to pay a higher Medicare premium because you had high income two years prior. Rhea says a typical Medicare Part B and Part D prescription drug plan runs about $1…

Big Income Years Impact Medicare Premiums 2 years Out

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Big Income Years Impact Medicare Premiums 2 years Out
Bob Rhea, University of Illinois Tax School Lecturer | FBFMFarmers, business owners, and others on Medicare might find a bigger bill in the mail than expected. Todd Gleason has more on how big income years produce big Medicare premiums two years later.