tax code

As farming families gear up for tax season, there's a sense of hope on the horizon. Recent updates might just lighten the load for our local producers.

Increasing profits is the goal of every farmer out there, but typically to increase profits, you’ll need to increase yields, or make cuts somewhere in the operation.  Or, you can structure your Farm Organization To Increase Profit.  That was the ...

Congress is just starting to consider changes to the federal tax code.  As the process unfolds, AFBF economist Veronica Nigh says the effective tax rate is the most important factor for farmers.   “What we care about aren’t really the bracketed rates but rather how those rates interact with other provisions of the tax code.  So, we start layeri...

According to Bloomberg News, a budget plan President Trump is expected to submit to Congress Tuesday includes steep cuts to farm subsidies.  The 2018 budget proposal, which would begin the process of balancing the budget within ten years, would make cuts to mandatory spending on an array of social programs while sparing the Social Security and Medicare entitlement programs.  ...

The House Agriculture Committee held a hearing this week to look at how the tax code currently in place affects farmers, ranchers, and the rural communities in which they live.  The American Farm Bureau was one of the organizations giving testimony.  ...