There are a lot of unknowns as the year carries on, including key tax breaks that are due to sunset this year. National Cattlemen’s Beef Association says they have talked with more than a thousand members and found that this impacts a lot of producers.
“99% of the survey respondents identify as a family-owned enterprise, and I think that’s an important thing that we in agriculture have to do is to continue to that face, that human element on the letters and numbers of very complex tax code,” said Kent Bacus.
President-elect Trump has addressed the tax cuts in recent weeks, and he has asked Congress for one bill to address many areas like taxes and border security.
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“We as NCBA, we’re not shocked to see that there is a human case.”
The trustees’ 2025 annual report, released June 18, cited a law enacted this year as the primary reason why the funds are projected to run out a year earlier than previously projected.
“Sometimes populations correct on their own. That seems to be what is happening here.”
