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
As input costs continue to rise, diesel prices have held steady in recent weeks, according to energy analysts at GasBuddy.
The USDA is moving to close the farm trade gap through promotion, missions, and stronger export financing.
Midwest corn and soy producers are monitoring for disease and lower yields due to the ongoing drought over the last 30 days.
Fewer placements and historically low marketings point to tighter cattle supplies ahead, with Nebraska and Kansas gaining ground as Texas feedlots face supply pressure and the threat of New World Screwworm.
Industry-wide participation in SHIP enhances biosecurity and fosters global trust in U.S. pork, says swine health expert, Dr. Christine Mainquist-Whigham.
A new study by the National Grains and Feeds Association found that their industry generates $401.7 billion in economic output and supports over 1.16 million jobs nationwide.
