Congress has a big agenda this year between budget talks, the Farm Bill, and various other ag policy concerns. However, the American Farm Bureau says action on tax policy should be a top priority, starting with the estate tax.
“Families are already going through a very difficult time when they lose a loved one and are passing the farm on, and so, this adds an additional burden of trying to come up with up to 40 percent of your farm’s value to pay the IRS. Most of farm assets come from non-liquid assets, mainly land. So, as land becomes more valuable, even when farms are facing losses, they’re now being pushed above that exemption level due to rising land values,” said Samantha Ayoub.
The Farm Bureau says at the end of the day, it all comes down to giving farmers and ranchers certainty, adding without permanent changes, farmers and ranchers are at risk.
Congress is seeking insight from meteorologists and weather researchers on how new technology can enhance safety and response times to severe weather and prevent future disasters.
Labor Secretary Lori Chavez-DeRemer says the labor program will now be fully under her department, and consolidation will make the program more affordable and efficient for farmers and ranchers.
Roger McEowen with the Washburn School of Law joins us now with the highlights.
A group of 32 Democratic senators is urging ag lawmakers to halt their opposition to Prop 12 in the next Farm Bill.
The network includes labs across the country that track diseases like New World Screwworm, which could see a rise in cases with hurricane season approaching.
Sen. Roger Marshall (R-KS) hosted the talks. The senator and doctor joined us on Wednesday on RFD-TV’s
Market Day Report to recap the critical discussions surrounding
human health in America.
