The U.S. House of Representatives passed a significant tax relief bill on Wednesday. The Tax Relief for American Families and Workers Act was passed by a vote of 357 to…
HSP Funding Drops by $40 Million Due to Unexpected Budget Errors
…now expected to begin sometime in January. California’s budget situation is precarious, as the extended tax filing deadline has condensed the timeline for budget projection. Early expectations were for the…
ERP 2022 Providing More Than $3 Billion to Producers
…with revenue losses not covered by crop insurance or NAP. This track accommodates producers whose revenue doesn’t reasonably reflect a normal year’s revenue, using readily available tax records for benchmarking….
Special ACEP Funding Available Through the Inflation Reduction Act
…control access, and recreational use rights. The land also stays on the tax rolls. For more information on ACEP, landowners can access online resources or contact their local NRCS Service…
Additional Payments for California Rice Producers
…cannot receive more than $125,000 in payments. AGI is determined based on the three taxable years preceding the most recent complete tax year. California rice producers who wished to request…
Group Wants Candidates to Understand Importance of Trade
…tariff negotiation. “Everyone needs to understand tariffs are taxes. It’s a tax a country puts on a product when it comes in. So, if another country puts a tariff on…
Financial Assistance Available to Farm Loan Borrowers
…tax-related questions regarding any IRA assistance received. USDA also has tax-related resources at farmers.gov/taxes. Individual Requests for Farmers Seeking Assistance In addition to the automatic payments announced today for…
Spartz Ag Appropriations Amendment Ignites Checkoff Debate
…However, she says the mandatory checkoff payments equate to a farming tax and therefore Congress should have some oversight. “There is a problem with checkoff. They’re not transparent. They are…
Producers Still Have an Opportunity to Apply for USDA Revenue Loss Programs
…Income Tax Extension Committee will be providing guidance on the PARP application form. Producers are being encouraged to contact their local FSA office to make an appointment for applying for…
AgNet News Hour: Wednesday, 05-24-23
…balancing act of developing new strawberry varieties, the plan to protect the Colorado River system, and data related to farm estates and tax returns. Tune in to the show for…
International Trade a Key Topic at Cattle Industry Convention
…the trade show floor. Industry leaders will tackle topics such as ranch succession, effective probiotics, deworming protocols, animal welfare and tax trends. The popular Stockmanship & Stewardship Demonstration Arena returns…
California Wine Industry Has $170 Billion Impact on U.S. Economy
…estimated expenditures. California wine and winegrapes also contribute $7.9 billion in taxes to the state. On a national level, the California wine industry generates $11.7 billion in federal taxes and…
Additional Programs to Continue Pandemic Assistance for Producers
…suffered eligible losses but may not have received program benefits in Phase One. Each of the programs will use revenue information from tax records. Additional details about eligibility and application…
Farmer Input Sought on Funding Priorities for the Inflation Reduction Act
…producers,” said Agriculture Secretary Tom Vilsack. “From climate-smart agriculture, to supporting healthy forests and conservation, to tax credits, to biofuels, infrastructure and beyond, this legislation provides USDA with significant additional…