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.”
It is in there, the mold — those rich blue veins in creamy blue cheese that make you either love it or loathe it — but how does it get there? This bonus scene from “Clemson Dairy,” Season 4, Episode 4 of
Where the Food Comes From, explains how and why that happens.
October 25, 2023 09:00 AM
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No, it is not some new college course — Clemson has been making blue cheese since 1941, and the product has developed a worldwide following and won some pretty big awards. With good reason — it is fantastic stuff. It is also fascinating to see how it is made. Check out this sneak peek look at the latest episode of Where the Food Comes From, “Clemson Blue.”
October 24, 2023 11:32 AM
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The machines do all the work at Hickory Hill Milk in South Carolina, and the pampered cows get on-demand service. The team at Where the Food Comes From shares a special, behind-the-scenes account filming the show’s newest episode, Robot Dairy, premiering this Friday, Oct. 20, 2023, at 9:30 p.m. ET on RFD-TV!
October 19, 2023 09:00 AM
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How does a robot milk a cow?
October 18, 2023 09:00 AM
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The machines do all the work at Hickory Hill Milk in South Carolina, where the pampered cows get on-demand service. They make a premium cream line of milk you still have to shake. It is so good it is used to make the world-famous Clemson blue cheese.
October 17, 2023 01:55 PM
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In today’s blog post, RFD-TV Agri-Legal Expert Roger A. McEowen shares some random thoughts on land value and transitioning your farming or ranching business to a new generation.
October 13, 2023 11:31 AM
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Today’s blog post by RFD-TV Agri-Legal Expert Roger McEowen takes a look at the “preferential payment rule,” a unique bankruptcy provision that can come as a suprise to farmers in financial distress.
October 13, 2023 10:54 AM
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The meaning of a “double-fraction” clause and the impact on future oil and gas conveyances—that is the topic of today’s blog post by RFD-TV Agril-Legal expert Roger McEowen.
October 13, 2023 03:28 AM
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In today’s blog post by RFD-TV agri-legal expert Roger A. McEowen tackles the task of building a solid hunting use agreement.
October 12, 2023 03:39 PM
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