…two percent, and the tax on all wheat gets zeroed out. The import tax on frozen pork will drop from 15 to 10 percent on July 1, 2022. U.S. Grains…
Pelosi Warns of Cuts to Build Back Better Act
…and children. Much of the spending is financed through new tax increases on corporations and the wealthy. For agriculture, the plan includes $66 billion in funding for research, biofuels and…
AFBF: No Methane Tax on Animals in Reconciliation Bill
…a tax would have been devastating to agriculture.” Kieffer says Farm Bureau opposes any tax on methane, but “is grateful to lawmakers for recognizing the thin margins in agriculture and…
Farm City Newsday Monday, 09-20-21
Get the latest agriculture news in today’s Farm City Newsday, hosted by Brian German. Today’s show is filled with stories about the proposed tax changes that could affect agriculture, food…
Reconciliation Process Moving Forward, Tax Policy Questions Remain
…reconciliation bill this week, largely focusing on tax policy changes. Vice President of Washington Operations for the National Cotton Council, Reece Langley said the committee did not make changes to…
Farm City Newsday Thursday, 09-16-21
…measuring moisture in drought-stressed corn for making harvest decisions, and getting with your tax advisor before proposed tax changes are made. Tune in to the show for these news stories,…
Congressional Leaders Educated on How Tax Proposals Impact Ag
Hundreds of agricultural groups have voiced concern regarding the tax proposals being considered and how they will impact the industry. Letters were sent to congressional leaders detailing the crucial tax…
Concerns As Deadlines Approach for Budget Reconciliation Process
…are still significant concerns related to some of the proposed tax policy changes. “The National Cotton Council along with a number of other ag groups that we participate with in…
Transfer Tax Provision of American Families Plan Causes Alarm
…for inherited assets. However, there is a provision in the plan that would enact a transfer tax when an asset changes hands. “I would argue this transfer tax, which could…
Week in Review: Roundtable Addresses Farm Labor, Proposed Tax Changes Have Costly Implications
…in California, with a push towards mechanization. A report from the Texas A&M University Agriculture and Food Policy Center details the costly implications of the proposed tax changes being considered…
Farm City Newsday Monday, 06-21-21
…tax changes, industry members and lawmakers meet to discuss an immigration bill in the Senate and how $4 million is going to strengthen the food supply chain. Tune in to…
Report Details Costly Implications of Proposed Tax Changes
A report from the Texas A&M University Agriculture and Food Policy Center (AFPC) details the costly implications of the proposed tax changes being considered by Congress. Some of the tax…
Debt Relief Initiative to Benefit Hundreds of California Farmers
…eligible represents the full cost of the loan to include 100 percent toward loan balances. The 20 percent reimbursement is available for tax liabilities and other fees associated with the…
Week in Review: Pallet Shortage Problems & Lt. Governor Hears Farm Water Concerns
…expressed agricultural water concerns to California Lieutenant Governor Eleni Kounalakis. Industry groups have expressed concern about proposed changes to federal tax policy, sending a letter to Congressional leadership outlining the…