Despite the hiccups, Senate Majority Leader John Thune says he will meet the July 4th deadline for the “Big, Beautiful Bill.”
There are several differences between his version and the House bill, but he tells his colleagues that the Senate version checks a lot of important boxes.
“In addition to providing farmers and ranchers with tax relief, our bill updates the farm safety net to address some of the challenges farmers and ranchers have been facing, and increases reference prices for every covered commodity, and makes these prices more responsive to market conditions in coming years, and increases crop insurance coverage and affordability, including for farmers just starting out. It supports livestock producers by making existing programs more responsive to drought and by funding prevention of animal diseases that can devastate livestock.”
However, lawmakers on the other side of the aisle argue that the bill will be costly to taxpayers. Minority Leader Chuck Schumer says the math is flawed with the cost-saving measures and warns it will hurt the middle class.
Understanding how these tax provisions interact will be key for farmers planning long-term equipment purchases or transfers within the family.
October 20, 2025 03:45 PM
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Farm CPA Paul Neiffer outlines how producers should navigate evolving Farm Bill provisions and prepare their operations for the next crop year.
October 16, 2025 04:14 PM
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RFD-TV Farm Legal and Tax Expert Roger McEowen with the Washburn School of Law dives into a “potpourri” of ag tax and law-related issues in his latest
Firm to Farm blog post.
October 07, 2025 02:56 PM
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RFD-TV Farm Legal and Taxation expert, Roger McEowen, with the Washburn School of Law, joined us Monday to break down the changes and explain what producers should know.
September 29, 2025 01:57 PM
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Beginning Farmers and Ranchers, Crop Insurance, and a Business Planning Complication
September 28, 2025 01:56 PM
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The Big Beautiful Bill has the potential to keep rural residents living and operating in their home communities.
September 25, 2025 02:59 PM
Speaking about his administration’s tariff strategy, Trump acknowledged that producers could face financial strain in the short term but promised stopgap support.
September 25, 2025 01:07 PM
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The USDA is moving to close the farm trade gap through promotion, missions, and stronger export financing.
September 25, 2025 10:46 AM
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California rancher and former NCBA President Kevin Kester joined House Republicans on Tuesday to tout provisions in the Big, Beautiful Bill that support family ranches.
September 17, 2025 01:40 PM
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