Yams -V- Sweet Potatoes and Simplot Buys Pinnacle
**Farm groups are rallying behind the bipartisan Preserving Family Farms Act of 2019, co-sponsored by U.S. Representatives Jimmy Panetta, a Democrat from California, and Indiana Republican Jackie Walorski.
The legislation would ease the potential federal estate tax burden for family farmers and ranchers assuring property would be appraised as farmland rather than at its development value when determining estate taxes.
The bill aims at making it less likely a family farm would need to be broken up to pay estate tax.
**Let’s clear up the holiday confusion of what’s a yam and what’s a sweet potato.
According to thepacker.com, a TRUE “yam” is never a sweet potato. Yams are tropical roots with rough brown skin and white, starchy flesh.
Despite the stereotypical orange meat, sweet potatoes also come in shades like white and purple.
Since the early 20th century, white varieties have been known as sweet potatoes, and orange “yams.”
So, nine times out of 10, what’s sold in the produce department as a “yam” is actually a sweet potato.
**The J.R. Simplot Company, headquartered in Boise, Idaho, and ag retailer Pinnacle Agriculture Holdings, have announced Simplot's agreement to acquire all of the interests in Pinnacle and its subsidiaries.
The acquisition will bring together two market leaders in the distribution of agricultural crop inputs and related services.
The target acquisition close date is in early 2020.