We find out what The Trump Administration could have in store for agriculture.  Plus producers need to register your business now, USDA Leadership named, retail meat sales, market recaps, cattle for sale and lots more on this all new episode of the Ranch It Up Radio Show. Be sure to subscribe on your favorite podcasting app or on the Ranch It Up Radio Show YouTube Channel.

What could the new Trump Administration do for agriculture?  Justin Tupper, President of the U.S. Cattlemen's Association and owner/manager of St. Onge Livestock in St. Onge, South Dakota shares his thoughts.

Attention farmers, ranchers, agricultural and/or small businesses: A critical deadline is approaching. By January 1, 2025, thousands of farms must file Beneficial Ownership Information (BOI) with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) or face severe consequences, including hefty fines and possible jail time.

Under the Corporate Transparency Act of 2021, businesses must register any “beneficial owner” to help combat money laundering. This law applies to farms structured as:

Specifically, farms with fewer than 20 employees or generating less than $5 million in cash receipts must comply. This requirement impacts the majority of farms, with one report estimating over 230,000 farms are affected. However, government data reveals less than 11% of eligible businesses have filed so far.

Failing to file BOI or neglecting to update records can lead to:

The financial and legal risks make it essential for farmers to act promptly.

Farmers uncertain about their filing obligations should immediately consult with a qualified accountant or attorney. These professionals can assess your business structure and ensure compliance with BOI requirements.

The clock is ticking. Protect your farm, avoid penalties, and stay compliant. Take action now to file your BOI by the January 1, 2025, deadline.  

Click HERE for Additional Information

President-elect Donald Trump has chosen Brooke Rollins, former White House domestic policy adviser and current CEO of the America First Policy Institute, to lead the U.S. Department of Agriculture (USDA).

Rollins, a Texas native with strong ties to agriculture and conservative advocacy, previously led the Texas Public Policy Foundation, championing causes like school choice and fossil fuels. If confirmed, she will become the second woman to head the USDA, following Ann Veneman under President George W. Bush.

With a $200 billion budget and nearly 100,000 employees, the USDA oversees programs like SNAP, WIC, and school meals. Rollins may also tackle the reauthorization of the massive farm bill, which funds farmer safety nets, rural development, and nutrition programs.

Her leadership could drive Trump’s agenda to streamline federal bureaucracy, enforce tariffs, and shape U.S. agricultural policy amid challenges like trade disputes and global competition.

The average price per pound in the meat department across all cuts and kinds, both fixed and random weight, stood at $4.67 in October 2024, up 1.9% year-on-year. Processed meat prices rose the least in October, at a mere +0.1%.

October brought a mix of price movements. Beef and hot dogs increased further, but it was fresh exotic (which includes bison) that had the highest price increase in October, at +6.8% over last year’s October. Several proteins experienced price decreases, including lamb, bacon and processed chicken.

Meat department sales were on a roll in October, with fresh meat sales driving 8.0% gains to lead the department to an overall 5.4% increase over October 2023. The five October weeks generated $10.0 billion, with $7.1 billion for fresh meat. While inflation played a role, pound sales increased by 3.4%, also driven by strong gains in fresh meat.

The USDA’s latest World Agricultural Supply and Demand Estimates (WASDE) report offers insights into the evolving beef market, signaling continued growth and strong demand.

Beef Production Outlook:

Cattle Prices Rising:

Beef Imports Surge:

These trends emphasize the strength of the beef industry despite challenges like herd contraction, showcasing opportunities for producers and exporters alike.

RanchChannel.com now has futures markets at your fingertips!  Feeder Cattle, Live Cattle, Corn, Wheat, Soybeans, Soybean Oil, Milk Class IV, and Ethanol.  Information is provided by DTN and market information may be delayed by as much as 10 minutes.  Click Here for more information!

Clear Springs Cattle Company: November, 20, 2024, Starbuck, MN

World Famous Miles City Bucking Horse Sale: May 15 18, 2025

Churchill Cattle Company

Van Newkirk Herefords

Gardiner Angus Ranch

Cow Camp Ranch

Jungels Shorthorn Farms

Ellingson Angus

Edgar Brothers Angus

Schaff Angus Valley

Prairie Hills Gelbvieh

Clear Springs Cattle Company

CK Cattle

Mrnak Hereford Ranch

Frey Angus Ranch

Hoffmann Angus Farms

Topp Herefords

River Creek Farms

Upstream Ranch

Gustin’s Diamond D Gelbvieh

Schiefelbein Farms

Wasem Red Angus

Raven Angus

Krebs Ranch

Yon Family Farms

Chestnut Angus

Eichacker Simmentals & JK Angus

Windy Creek Cattle Company

Pedersen Broken Heart Ranch

Mar Mac Farms

Warner Beef Genetics

Arda Farms & Freeway Angus

Leland Red Angus & Koester Red Angus

Fast Dohrmann Strommen

RBM Livestock

Weber Land & Cattle

Sundsbak Farms

Hidden Angus

Wheatland Cattle Company

Miller Angus Farms

L 83 Ranch

U2 Ranch

Vollmer Angus Ranch

A & B Cattle

Carter Angus Farms

Roller Ranch

Montgomery Ranch

Jorgensen Farms

DLCC Ranch

Four Hill Farm North Country Angus Alliance

Spruce Hill Ranch

Wilson Angus

Jorgensen Land & Cattle Motherlode Sale

ISA Beefmasters

JYJ Red Angus

Jorgensen Land & Cattle, Legends Of The Fall Bull Sale

Justin Tupper

President, US Cattlemen’s Association

https://uscattlemen.org/

@uscattlemens

Kirk Donsbach: Stone X Financial

https://www.stonex.com/  

@StoneXGroupInc   

Mark Vanzee

Livestock Market, Equine Market, Auction Time

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@LivestockMkt

@EquineMkt

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Shaye Koester

Casual Cattle Conversation

https://www.casualcattleconversations.com/

@cattleconvos

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https://www.meatingplace.com/Industry/News/Details/116872

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