Wautoma, WI
Current Conditions
0:56 AM CST
Clear
Temperature
14°F
Dew Point
5°F
Humidity
67%
Wind
WNW at 10 mph
Barometer
30.43 in. F
Visibility
10.00 mi.
Sunrise
07:07 a.m.
Sunset
04:22 p.m.
Afternoon Forecast (12:00pm-7:00pm)
Temperatures will range from 19 to 12 degrees with clear skies. Winds will range between 5 and 11 miles per hour from the northwest. No precipitation is expected.
7-Day Forecast
Thursday
19°F / 12°F
Partly Cloudy
Friday
32°F / 17°F
Light Snow
Saturday
37°F / 29°F
Mostly Cloudy
Sunday
29°F / 2°F
Partly Cloudy
Monday
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Partly Cloudy
Tuesday
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Mostly Cloudy
Wednesday
32°F / 4°F
Light Rain/Snow
Detailed Short Term Forecast
Issued at 0:56 AM CST
Thursday...Temperatures will range from a high of 19 to a low of 12 degrees with partly cloudy skies. Winds will range between 3 and 11 miles per hour from the south. No precipitation is expected.
This Evening ...Temperatures will range from 12 to 14 degrees with partly cloudy skies. Winds will remain steady around 4 miles per hour from the west. No precipitation is expected.
Overnight ...Temperatures will range from 15 to 17 degrees with mostly cloudy skies. Winds will range between 4 and 9 miles per hour from the south. No precipitation is expected.
Friday...Temperatures will range from a high of 32 to a low of 17 degrees with cloudy skies. Winds will range between 9 and 15 miles per hour from the south. Less than 1 inch of snow is possible.

The holidays are here and the duck is lame

Nov. 29, 2012 | 0 comments

A commentary by Bob Stallman, President of the American Farm Bureau Federation.

Its official, the holidays are upon us.

We narrowly escaped the rapid fire of election ads and weren't even finished with the Thanksgiving meal before being fa-la-la-la-la'd with luxury cars wrapped in bows and soft drink-swigging polar bears.

As the commercials indicate, December is a time for celebration and giving (and receiving).

In the political arena, on the other hand, December is typically a down time.

This especially holds true when new congressional members have just been elected and the previous Congress is in lame duck mode. But, if Congress doesn't act soon on several significant outstanding items, all of our gooses will be cooked.



Deck Congress' Halls

Before we even think about throwing on the Yule Log, we need to get our legislative house in order.

If Congress doesn't make some important decisions before Jan. 1, the U.S. economy will drop off what is being termed the "fiscal cliff."

A plan needs to be hatched to cut $1.2 trillion over the next 10 years from the deficit, something of which Congress has known about for awhile.

If Congress doesn't act by the end of the year, automatic, across-the-board government cuts will kick in, affecting more than 1,000 federal programs, many of which will impact agriculture.

For example, all commodity and many conservation programs will be cut by 7.6 percent next year. And agriculture research, Extension activities, food safety and rural economic development programs are just a few others that will be cut by 8.2 percent in 2013.

Crop insurance will survive the first year, but will likely face cuts in year two.

While all Americans will feel the impact, the cuts will slice right through rural America, which is so dependent on Extension services and rural development.



With Boughs of Folly

The fiscal cliff will also impact tax breaks.

An important one for farmers is the estate tax, which will revert from a $5 million exemption at a 35 percent tax rate to a $1 million exemption with a top tax rate of 55 percent.

This could impact one out of every 10 farms and make it almost impossible for young farmers to carry on their family operations.

The capital gains tax rate will also increase come Jan. 1, from 15 percent to 20 percent. This, too, will greatly impact farmers.

Because capital gains taxes are imposed when buildings and farmland are typically sold or transferred to new or expanding farmers, it will become more difficult for farmers to shed their assets or upgrade their businesses.

Congress has a lot on its holiday plate during the next several weeks. By the way, did I mention that we still don't have a farm bill? But, that's a topic for another day, maybe over eggnog.

Until then, have a happy and safe holiday season.

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