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
The Fertilizer Research Act, reintroduced by Sens. Grassley, Ernst, and Baldwin, would direct the USDA to study and publish public reports on competition and pricing trends in the fertilizer market.
U.S. aquaculture may gain competitive ground as harmful subsidies are phased out abroad, but producers should monitor shifts in import supply chains and trade enforcement closely.
Producers may need to prepare for margin pressure in livestock feeding, while dairy farmers could benefit from stronger product demand.
U.S. Secretary of Agriculture Brooke L. Rollins today issued a new memorandum to modernize and strengthen America’s wildfire prevention and response system.
National Sorghum Producers CEO Tim Lust said farmers face a challenging year with strong supply, murky trade conditions, and uncertain access to their largest market: China.
