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Business

  • Focus on finance: Holiday shopping tips

    Question: Here we go again ... holiday shopping and spending. Please share any suggestions available on keeping some money in my pocket while still providing my loved ones with some Christmas treats.

    Answer: Black Friday has come and gone for this year and now the serious holiday shopping begins. While most of us anticipate additional expenses this time of year — with holiday travel, gift giving and celebrations — you still can save money by shopping wisely.

  • KNB pays out dividends of $3

    Kentucky Neighborhood Bank shareholders are receiving an early Christmas gift this year — checks for shares at an all-time high.

    Checks went out Friday, KNB President and CEO Ronnie Pence said, at $3 for each dividend share. The bank has about 250 shareholders, Pence said.

    "The bank continues to do well and in the last four years, we have been able to grow on top of the previous year,'' he said.

    Dividends have been on the rise for KNB, going from 50 cents to $1 in 2011 and from $1 to $2 last year.

  • Kentucky farms could exceed $6 billion in cash receipts this year

    Coming off a record year of more than $5 billion in cash receipts in 2012, Kentucky farmers likely will exceed that amount in 2013, coming in at around $6 billion. Final numbers will not be released until summer.

    This momentum likely will carry into 2014, reinforcing that agriculture still has a profound impact on Kentucky’s economy.

  • Required minimum IRA distributions

    Question:How can I avoid taking the required annual minimum distribution from my IRA?

     

    Answer:A federal law provides an opportunity to direct gifts to a charity directly from individual retirement accounts (IRAs) without the distribution counting as personal income. These qualified charitable distributions also count toward the annual required minimum distribution (RMD).

  • Grazing corn residue

    This summer during the Hardin County Cattlemen’s Association’s chartered motor coach tour to Ohio, we were given the opportunity to hear a presentation by Stan Smith, a beef specialist with Ohio State University Extension. Stan is located in Fairfield County just east of Columbus and has conducted numerous demonstrations over the years and has done some cutting-edge work with grazing oats planted in late summer for fall and early winter grazing. He also edits a monthly beef cattle newsletter that is a team effort of the Ohio State University Beef Extension staff.

  • Local man says he’ll run for governor

    A local U.S. Army veteran said he retired from the military after God called him to run for public office.

    Robert Lee Rosier, an Elizabethtown man who is running as a Republican, has filed a letter of intent with the Registry of Election Finance to challenge for the governor’s seat in 2015.

    Hardin County Clerk Kenny Tabb said candidates can file letters of intent early for the governor’s race but cannot formally file for the office until after the general election in 2014.

  • PSC public comment session on Big Rivers rate case cancelled

    A meeting scheduled next Tuesday in Henderson to take comment and provide information on Big Rivers Electric Corp.’s proposed rate increases has been canceled due to expected severe weather.
    The state Public Service Commission said staff is trying to reschedule the session regarding the proposal.
    The rate increase is estimated to increase monthly residential bills by about $25 to $30 per month to partially offset the loss of about $175 million in annual revenue after Century Aluminum smelter in Sebree ceases to be a Big Rivers customer at the end of

  • Retirement plan contribution limits set

    Question: Have the IRS’ limits for 2014 Retirement Plans been released?

    Answer: Many of the retirement plan annual limits are indexed for inflation. The IRS has just released the plan limits for 2014. Let’s look at those limits in some detail below.

    Contribution Limits: IRA contributions are unchanged at $5,500. Catch-up contributions remain at $1,000.

    Plan deferral limits are unchanged at $17,500. Catch-up contributions remain at $5,500.

  • RSBA promotion encourages customers to shop small

    With the holiday shopping season about to go full swing, the Radcliff Small Business Alliance started a promotion to draw shopping dollars into member businesses.

    The 5 for 5 promotion is meant to encourage shoppers to spend $5 in five RSBA member businesses for a chance to win $500. Cards used to keep track of the purchases can be picked up at any participating alliance member, board member John Flanagan said.

    Flanagan said the idea originated from two RSBA members, Tamara Ohler and Pam Ogden-Crum, as a way to get customers into member’s stores.

  • Corn variety trials provide guidance on seed selection

    As harvest concludes, many Hardin County farmers already have begun planning for 2014.  A major item on the planning list is variety selection for the 2014 corn crop. Variety can be one of the most crucial factors in determining yield and careful thought should be put in to determining what seed to plant on what acre.

    The largest local corn variety trial in the state is the University of Kentucky’s. This year, varieties from 15 companies who market seed corn in the state, are compared at five different test sites.