…will also have a negative impact on state and local tax revenues collected, with a decline of approximately $535 million per year. The loss of economic activity is projected to…
Would Farmers Participate in a Carbon Trading System, Perdue Says “Absolutely”
…a day when farm policy would encourage and reward sustainable practices? Perdue responded with, “you get what you reward, regardless if you’re talking about tax policy or fam bill practices.”…
Farm City Newsday Wednesday, 02-26-20
…do to grapes, objections to the split-roll property tax initiative, and SGMA’s impact on the value of agriculture land. Tune in to the show for these news stories, recipes, features…
Objections to the Split-Roll Property Tax Measure
…statewide and regional organizations representing various different types of industries have joined the Californians to Save Prop 13 and Stop Higher Property Taxes coalition in opposing a split-roll property tax. …
California Agriculture Absent from State of the State
…resurgence that, let me be clear, began under President Barack Obama.” Newsom went on to highlight the achievements of developing wildfire initiatives, making healthcare advances, offering family tax credits, and…
Trump Administration Taking on New Trade Front
…increase would be implemented as a response to a recent French tax on digital services, which U.S. officials believe to be a barrier to trade. Similar tariff action has also…
Legislation to Preserve Family Farms Introduced in Congress
…the death tax relief that was passed as part of the Tax Cuts and Jobs Act of 2017 (TCJA), but that many cattle producers are either still vulnerable to the…
USDA Issues Second Tranche of Market Facilitation Program
…also have an average adjusted gross income (AGI) for tax years 2015, 2016, and 2017 of less than $900,000 unless at least 75 percent of the person’s or legal entity’s…
Western View: Will California Take Over PG&E?
…as it may sound, two Bay area politicians actually think the State of California should take over PG&E. One is Governor Newsom himself, who thinks he should use tax dollars…
California Sued for Violating Constitution with Proposition 12
…of California millions of dollars a year for enforcement, compounded by a loss of tax revenue from farm businesses. The report also projects an increase in consumer prices for products…
Trump Delivers on a Key Promise to American Farmers
…Trump Administration has enacted tax and regulatory policies that have helped make America energy dominant. The Administration has cut burdensome red tape through deregulation, including signing a record number of…
Japanese Newspaper Reports Country Will Eliminate U.S. Wine Tariffs
…currently faces the cheaper tax of either 15 percent or $1.16 per liter and getting rid of that could save distributors around 13 percent on U.S. wine. The Nikkei also reported the agreement…
USDA Resources Available for Farmers Hurt by 2018, 2019 Disasters
…in WHIP+ payments, with a total combined limitation for payments for the 2018, 2019, and 2020 crop years of $500,000. The relevant tax years for establishing a producer’s AGI and…
Currency Realignment Bill Could Boost Farm Economy
…also raise over $2 trillion in tax revenue over the span of six years. Lowering the inflated value of the U.S. dollar also creates the opportunity for market demand to…