Recently, Mexico failed to uphold its end of a water deal with south Texas, and the fallout is already impacting American agriculture — so far, resulting in the closure of Texas’ only sugar mill.
The economic impact of the lack of irrigation water for crops in the Lower Rio Grande Valley in 2024 is estimated to be a loss of nearly $496 million.
Video provided by: The Texas Farm Bureau
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RFD-TV Ag Law & Tax Expert Roger McEowen takes a look back at some of the biggest changes in ag and tax law from last year while looking ahead at what further developments could be in store for 2025.
“There is a lot of financial uncertainty on the farms right now.”