…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…
NCBA Releases Findings from Cattle Producer Tax Survey
DepositPhotos image The National Cattlemen’s Beef Association (NCBA) released a report analyzing data collected in a nationwide tax survey of America’s cattle producers. With the 2017 Tax Cuts and Jobs…
Groups Respond to SAF Tax Credit Guidelines
DepositPhotos image Legislation introduced in the House and Senate would extend a new sustainable aviation fuel tax credit for biofuels for ten years and prevent foreign producers from accessing the…
Beneficial Ownership Information: Registration Due January 1, 2025
…updates will need to be filed within 30 days. Producers are being advised to consult with attorneys or tax professionals to ensure compliance with the requirements, to avoid penalties such…
House Ag Takes Close Look at Dropping Ag Income
…the agricultural economy.” Hotchkiss encouraged lawmakers to pass a new Farm Bill and to keep current tax exemptions for farmers, such as the state tax and capital gains exemptions. He…
Farm Groups Want Changes to SAF Tax
Crop duster airplane spraying grain crops on a field on a farm. Image by dewald@dewaldkirsten/DepositPhotos image Top farm groups want improvements in the administration’s sustainable aviation or clean fuel tax…
Independent Study Finds Economic Benefits to Beef Checkoff
…and U.S. GDP by nearly $9.5 billion. The national Beef Checkoff contributed to increased tax revenue at the federal, state, and local levels, amounting to a grand total of $743…
Concerns for Another Proposed Mill Tax Increase
…registration and licensing fees, would amount to $33 million in additional taxes on farmers and ranchers. In a press release, CFBF President Shannon Douglass explained that “Raising the mill tax…
Developing a Market Segment with New Tax Incentives
Aircraft agricultural aviation AN-2. The spraying of fertilizers and pesticides on crops. By Leonid_Eremeychuk/DepositPhotos image The Agriculture Secretary says the new IRS tax credit policy for sustainable aviation fuel is…
AgNet Weekly: AFBF on EPA’s PFAS Rules
The Environmental Protection Agency announced its final rule to designate the two most common PFAS chemicals as hazardous materials under the Comprehensive Environmental Response, Compensation, and Liability Act or CERCLA,…
The Race for Sustainable Aviation Fuel
…of producing SAF is significantly higher than that of jet fuel. He said the industry needs tax credits to level the playing field. “We’ve also heard that there are people…