Show The Herald Journal Logan Utah Sunday December 2 Audit of inventory methods possible Farm bill Continued from page 32 However Sen Tom Daschle has called it "a slow economic death sentence for die nation's small family fanners” and Sen Kent Conrad D argued lower government spending will translate directly into lower farm income Some analysts say triple base is a bdld step toward greater reliance on the free market but may have little value to farmers in regions such as die Great Plains where die climate provides few crop choices The farm bill is projected to lead to a slight decline in com acreage modest increases in soybean and cotton acreage and little change in wheat acreage Soybean acreage is most likely to rise in die Midwest and drop in die South where yields are lower There are about 214 minion farms in dm United States Farm numbers fell 11 percent during the 1980s D-S-D ! Farmers should be aware that die method in which they D-N- Don 'Huber handle in arriving inven-tori- es 1 at taxable income could result in a tax audit by the Internal Revenue Service Preparing trees for winter Don’t forget that trees and a Utah State University shrubs need to be Extension specialist said before the ground (and all the According to Internal Revenue garden hoses) freeze this fall Code 471 u requires the use of advises Sherm Thomson Utah inventories when it is necessary State University Extension plant to clearly determine income said pathologist Scorching of evergreen leaves Larry K Bond economics in winter is very common in specialist in farm management Bond said some taxpayers die Utah and results when plants majority of them fanners are continue to transpire even though including in their inventory the soil is very dry or frozen A expenses die coat of goods sold deep watering in die fall will help Tito bulk of the cases involve the alleviate die dryness and heavy cost of feeder or breeding livemulching will moderate die soil stock temperatures Plants should be The IRS has found a great mulched with wood chips leaves many cases in which die cost of or straw after die soil temperalivestock sold for exceeds die tures drop below 45 degrees gross receipts from die sale of Fahrenheit livestock Tnia can happen in die Trees and shrubs growing normal course of business and is under die eaves of buildings are legitimate where records are kept (rften overlooked when it comes on a cash rather than an accrual time for watering and because of basishesaid their placement they don’t relivestock purchased for resale ceive much natural precipitation may not all hie sidd die same year Consequently these plants need they are acquired Yet die cost of extra care before winter reports those animus is often written off Thomson as an expense the year they are Trees which are to purchased Bond and this should winter sunscale orsusceptible "southwest t offset the following year when sale receipts for exceed die cost winter injury" should be wrapped with a protective manoof die animals plus the feed "We’re not sure why die IRS rial such as burlap sissalkraft has alerted us to this issue since paper or commercial tree wrap- there seems to be reason to ping materials expect situations like that The wrapping can be left on explained” he said "However they seem to be concerned and it for two years as long as it is not would be well to have your tax restricting die trunk accountant carefully read the IRS code when preparing your tax Don Huber Is Utah 8tali IHvsrefty well-water- UPt President Bush signs the farm bill as senators and Agriculture Secretary Yeutter watch Yeutter moderates stance to EC By Oliver BertJn Toronto Globe and Mall TORONTO — With less than five days to go before die final leg of multilateral trade talks begin in Brussels US Agriculture Secretary Clayton Yeutter has suddenly changed his approach to die European Community Instead of the pugnacious stance that he has assumed for most of die past five yens Yeutter was conciliatory in a satellite interview with journalists in Canada and Western Europe In die one-hointerview last Tuesday he used die words “flexible” "amenable” and "cooperate” several times He offered to dace a host of US farm programs cm die taWe and said for die first time that hr? did not expect a perfect solution from die Uruguay Round of die General Agreement on Tariffs and Trade "We'd like to eliminate all subsidies by tomorrow morning” he said “But that is dearly Utopian Well have to settle for something Iras” Yeutter's new approach was dearly taken effort to reach a compromise as a with die EC in agriculture where die various parties are so fin apart that die entire GATT talks have been placed in jeopardy "We’re not even operating in die same ballpark at die moment" be said' “The gap between us is very large indeed” He was not theonly senior official to ask the EC to moderatelts position Earlier in die day US President Bush and Arthur Dunkel GATT’s director-generaindependently appealed for it successful conclusion to the talks saying they had reached a critical point The GATT talk began in Uruguay in 1986 and the final talks are scheduled to begin ur last-dit- 33 1990-P- age ch l We must practice what we preach If the European Community opens up its borders we will too' Clayton Yeutter Agriculture Secretary — US today to reach agreement by Dec 7 The approximately 100 countries hope to resolve numerous issues in world trade of which agriculture remains one of die most contentious In die satellite interview which was broadcast at die UJS consulate in Toronto Yeutter said die talks must not be allowed to fail because there was too much at stake “A successful round could boost world trade by $4 trillion a year” he said But a failure would inevitably lead to more confrontation between the United States and die EC and more protectionism by trading nations "Trade has become more confrontational over die past 20 or 30 yean and we can expect the trend to contine” he said Even here his comments were noted by their restraint He did not threaten an escalation of die trade war and he did not threaten to bankrupt die EC with farm subsidies as he has in the past Yeutter made it dear that the United States was willing to change its stance on a host of issues— if the EC followed suit "We must practice what we preach” he said to a journalist in Prance “If die European Community opens up its borders we will too” He told journalists he was prepared to reduce die UJS internal subsidies that die EC has so often criticized to cut die export programs that have in Canada’s eyes driven formers to die edge of bankruptcy and to open die US border to Canadian ditiry products for die first time Yeutter was also conciliatory on die timing of die talks He offered to extend die ranw beyond die Dec 7 deadline "as long as we're making substantial progress" In fact his harshest comment about die EC was that it was "doing a tremendous disservice to formers around die world” with its program of export subsidies — a for cry from his bombastic comments over die past few months Only 10 days ago Yeutter told Dutch television that if no agreement is reached die United States "will sell aggressively in world return” markets and will do whatever is necessary to protect our interests outside die United States And I suspect that protectionist forces will emerge in the US in agriculture and in the industrial sector and that may have mm implications for European exports as wdL” But at Tuesday's news conference he spent much of his time trying to reassure EC formers that they had little to fear from GATT He noted that 60000 formers are preparing to demonstrate in Brussels on Dec 2 the day the talks begin and said this was ' unnecessary “No one says formers are going to lose their forms” he said “And no one expects formers to cut their income We just don’t want subsidies to distort trade" As an alternative he suggested die EC develop new subsidies that would maintain farm incomes without creating food surpluses and without distorting trade - ed Extension agent for Cache County THE BEST THING ABOUT BAD WEATHER - i Irrfl Iml Scrfpps Howard Newsservice Farms getting big or small analysts say WASHINGTON (UPI) — There will be more large farms in coming years plenty of small farm nid lots of pressure on medium-siz- e farmers to either get big or scale back their operations two analysts said Economists Thomas Carlin and Donn Reimund said Wednesday the number of US farms which has fallen since die Depression would continue to decline dining the 1990s but at a dower rate than recorded in die 1980s There are about 214 million farms in the United States down 11 percent from a decade ago Carlin and Reimund forecast a 35 percent drop by 1995 which would mean 206 million fanners and a 6 percent drop for die decade meaning about 201 million farms would be in operation at toe mid of die century Their analysis presented during the the Agriculture Department’s annual Outlook Conference was die latest pointer toward what one study has called "an emerging dud structure” in agriculture In it big farms would produce a growing share of crops and livestock while small farms although plentiful in number are highly dependent on jobs "Indeed if we peer beneath die surface we can see that today’s farm sector closely resembles our description for the year 2000” said Carlin and Reimund who work for die department's Economic Research Service Mechanization and adoption of hybrid seeds and chemical fertilizers and pesticides were major factors in die drop of farm numbers in die 1950s and 1960s According to the economists farm numbers will be mare heavily influenced in coming years by outside economic forces such as interest rates and export sales e farms have suffered the largest losses measured in percentage terms among farm categories in the past two desmall to 7 cades From commercial farms accounted for 40 percent of the drop in farm numbers About of US farms are in that category and they account for about 17 percent of farm production farms “Operators of mid-siare under considerable financial pressure to either enlarge their farming operations or to scale e back to a smaller size” tiie economists said of mid- - size farms into units has been a major larger source of growth of large commercial farms over the past two decades “This form consolidation is expected to continue but at a somewhat slower pace in the moderate-siz- e 1987 Carlin and Reunund said were 102 million small forms 75700 forms accounted for half 806 200 medium-siz- e forms and of the market value of all 3 17700 large forma one-fif- th agricultural products “There will be more large farms at die turn of the century and production will be even more concentrated among our nation’s largest farms" they said but fanning still will be far less concentrated than most indutrira Meanwhile there will be “a il forms’’ large number of whose existence is virtually untouched by changes in form income For many of the owners farming is a put-timoccupation "The key to their staying power is going to depend on the vitality of the rural nonform 1990s” forms control half economy” Carlin and Reunund die of Large farm land in die nation and said At the start of this year there produce a torrent of food In ze part-tim- "Con-solidati- on e 1982-198- off-for-m There also is continued pressure for small farm operators in the South to switch to urban jobs they said while form numbers have stabilized in die West Farm numbers dropped in the Northeast during the 1980s human nfllnMiid control n and ramote chute daflaolor mounted one lor opomtor oonvontenoo Doow'ftaxVadtowtemlorttiouHImteilnVocMonondotdMMyon B3utewtefc!Liyvrotehteiolroiotei'uidMiyoi liolgU oduolmontoyotemloroplmunportormnnoolnodanowcondMono - - J i onuHi mmdm "rapnssrfnxM —mo Runs Like al iSPb IPACO 555 N 10th W 8:00 am to 5:00pm Inc Logan Mon-F- rl 753-194- 2 8:00am to 12:00 Sat MERRY CHRISTMAS ALL TONY LAMA BOOTS off-far- m Mid-siz- In die Midwest and Plains states where good land is abundant and jobs relatively scarce “there is still pressure for farm expansion and consolidation” Carlin and Reimund said Cxctolw on hMfoooidyrtOTnd Purchase a complete pair of prescription glasses and SAVE 1 off the regular price! 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