…Shannon Grove aimed at creating a tax credit for agricultural employers to help cover the cost of providing overtime wages for farm workers. They clarify the nuances of overtime wages…
AgNet News Hour Monday, 02-17-25
…features a conversation with Julie Broadway, Executive Director of the American Horse Council, covering a wide range of current issues and trends in the equine industry, from tax matters to…
Duvall Addresses Ag Labor, Other Topics at AFBF Convention
…to make sure that we get a modernized Farm Bill.” Duvall said tax reform is another issue top of mind for farmers. “ Many of the tax provisions we rely…
President Trump Overturns Electric Vehicle Mandate
…raises questions about the future of climate-smart Ag programs in Biden’s Inflation Reduction Act. One of those is the 45 Z tax credit to incentivize sustainable aviation fuel, as Trump…
Craig Denounces Proposed Cuts to Farm Bill Programs
…pay for tax cuts. According to Craig, the proposed plan includes cuts to nutrition assistance, conservation efforts, and rural energy investments. House Agriculture Committee Ranking Member Angie Craig Craig points…
AgNet News Hour Friday, 01-10-25
…who discusses the upcoming Trump administration’s focus on extending tax cuts, border control, and potential tariffs. He highlighted concerns for the dairy industry, particularly the lack of a visa program…
Estate Tax Changes Could Impact Farmers by 2026
An enhanced estate tax exemption, introduced under the 2017 tax reform law, may soon shrink if that law is allowed to expire at the end of 2025. If Congress does…
NCBA Comments on CTA Injunction Reinstatement
…cattle producers consult with their attorneys or tax professionals about their reporting obligations. On Christmas Eve, NCBA sent a letter to Treasury Secretary Janet Yellen, urging a delay in enforcing…
Corporate Transparency Act Reinstated: NCBA Urges Cattle Producers to Prepare
…continue working to secure a permanent solution that protects cattle farmers and ranchers. In the meantime, they recommend producers consult with an attorney or tax professional to understand how this…
Disaster Tax Relief Bill Passes in U.S. Senate
…relief payments from being taxed and we are thankful that the House of Representatives and Senate both passed the Federal Disaster Tax Relief Act to protect these payments from taxation,”…
Future of U.S. Biofuels Hinges on Sustainable Aviation Fuel Incentives
…upcoming guidance for the 45Z tax credit, the Clean Fuel Production Credit, as a crucial factor for agriculture’s involvement in SAF. This credit, set to replace the 40B tax credit…
U.S. Census Bureau Finds Child Supplemental Poverty Rates Lower Than Official Rates in Most States
…and the official poverty rate offer different perspectives on child poverty. While the official measure focuses on basic income thresholds, the SPM includes factors like tax credits (such as the…
Election Results Set the Stage for New Priorities in Agriculture
…of preserving the 2017 tax reforms, which are set to expire in 2025. “We’re an industry that is land rich and cash poor,” he noted, stressing that maintaining these tax…
NCBA Pushes for Tax Policy Stability as Expiration of Tax Cuts Looms
With the Tax Cuts and Jobs Act expiring at the end of next year, the National Cattlemen’s Beef Association (NCBA) is kicking off a major push on tax policy for…