MANHATTAN, Kan. (RFD-TV) — Strengthening the U.S. beef industry remains a top priority as the national cattle herd continues to sit at historically low levels. A new financial incentive — the restoration of 100 percent bonus depreciation under the One Big Beautiful Bill Act (OBBBA)— is now giving ranchers a fresh opportunity to rebuild their herds.
Roger McEowen with Kansas’ Washburn University School of Law, joined us on Thursday’s Market Day Report to discuss what the policy means for cattle producers and how they can take advantage of the renewed tax provision.
In his interview with RFD-TV News, McEowen outlined how the restoration of bonus depreciation could help ranchers recover costs more quickly, particularly as they invest in heifer retention and herd expansion. He also shared considerations producers should keep in mind when planning herd growth strategies and long-term tax management.
Before wrapping up, McEowen weighed in on ongoing trade talks between the U.S. and China, noting that President Trump’s recent announcement of increased Chinese purchases of U.S. agricultural products — including soybeans — could have meaningful implications for American farmers once more details are finalized.
“That’s good for soybean farmers. It’s going to be good for the soybean market, in general. So we’ll see what happens going forward, but we’ve got an immediate commitment to buy 12 million [metric tons of soybeans].” McEowen said. “Now the downside of that, a skeptic would say, ‘Yeah, China was going to buy that all along. They just waited until the market went down, and they bought the 12 million on the cheap.’ But we did get some other concessions for that with respect to minerals and the like, so all in all, a pretty good deal.”
Acquiring farm or ranch land, as well as the key concepts and issues are the topics of today’s blog post by RFD-TV Agri-legal Expert Roger McEowen.
October 12, 2023 03:01 PM
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With 2023 projected to be a difficult year for agricultural producers, Chapter 12 filings may increase. One of the requirements to get a Chapter 12 reorganization plan approved is that be filed in “good faith.” In this blog post, RFD-TV Legal Contributor Roger A. McEowen explains exactly what farmers need to know about the process.
October 04, 2023 02:57 PM
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The failure of a grain elevator can cause large problems for farmers and for the local community it serves. A farmer who knows their rights and where they stand if an elevator fails can be in a better position than those farmers who aren’t as well informed. That is the topic of today’s blog post by RFD-TV Legal Contributor Roger A. McEowen.
October 04, 2023 02:46 PM
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Financial matters in farming can be frustratingly complicated, especially when it comes to the process of filing for bankruptcy. That is the topic tackled in today’s blog post by Farm-Legal Expert Roger A. McEowen—the definition of “insolvency” for purposes of the exclusion from income of CODI.
October 04, 2023 02:14 PM
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The “farm products rule,” and the 1985 Farm Bill modification and its application – that is the topic of today’s blog post from Agri-Legal Expert Roger McEowen.
October 03, 2023 02:43 PM
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Recently, a bank in Texas got confused on the financing rules governing agricultural crops and lost its security interest as a result. Ag financing and priority rules among competing security interests—that is the topic of today’s post.
October 02, 2023 02:42 PM
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The classification of persons conducting farming operations for a farm landowner—that is the topic of today’s blog post by RFD-TV farm-legal expert Roger A. McEowen.
October 02, 2023 02:27 PM
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Farm-legal expert Roger A. McEowen discusses avoiding contractual obligations in times of pandemic.
October 02, 2023 02:11 PM
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Is a handshake as good as your word? That is the topic of today’s blog post by RFD-TV farm legal expert Roger A. McEowen — the ability to enforce oral contracts for the sale of goods.
October 02, 2023 01:58 PM
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