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.
Related Stories
While agriculture doesn’t predict every recession, the sector’s long history of turning down before the broader economy
ARC-CO delivers the bulk of 2024 support, offering key margin relief as producers manage tight operating conditions.
USDA’s steady yields and heavy global stocks keep grains range-bound unless demand firms or South American weather becomes a real threat.
Manure from a hog farm is more than just waste; it is also becoming a key renewable resource for operations.
Expanded aerial capacity strengthens the U.S.–Mexico buffer against screwworm, providing cattle producers with stronger protection heading into winter and reducing risk to herds along the southern tier.
AFBF economist Faith Parum breaks down the potential impact of the proposed policy change to allow year-round sales of E15 biofuel.
