senate tax

Perdue on President Trump’s Tax Reform Agenda

Dan Economy, Industry News Release

U.S. Secretary of Agriculture Sonny Perdue expressed strong support for the tax reform agenda championed by President Donald J. Trump, hailing it as a great benefit to American agricultural producers. President Trump highlighted the tax reform proposals in an event in Pennsylvania featuring truckers and representatives of the trucking industry. Perdue issued the following statement: “The President’s proposed tax cuts …

war

Tax Reform Details to be Decided May Affect Agriculture

Dan Economy, Industry News Release

A senior member of the Senate Finance Committee is predicting some of the missing details affecting agriculture in the Senate GOP tax reform bill. Former Senate Finance Chair Chuck Grassley says while many tax reform details are yet to be decided, some are starting to take shape. Grassley suggests tax writers already have a figure in mind, for ‘stepped-up basis’ …

Ag Economy Expectations Sliding

Dan Economy, Industry News Release

Future expectations for the agriculture economy turned lower in the latest monthly Ag Economy Barometer by CME Group and Purdue University. Released Tuesday, the September reading of 132 was unchanged compared to August. However, the barometer’s two sub-indices, the Index of Current Conditions and Index of Future Expectations, did shift in opposite directions. The Current Conditions Index rose to 135, …

war

Battle Lines Drawn on Tax Reform

Dan Economy, Industry News Release

The battle lines are drawn on President Trump’s tax reform proposals. The top Senate Democrat has just ‘tarred and feathered’ key provisions that would benefit farmers and other small businesses. Democrats stopped the GOP effort to repeal Obamacare, now they’re taking aim at the Republican push for tax reform, including estate tax repeal and changes to ‘pass-through’ tax rates that …

farmers

Perdue Statement on President Trump’s Tax Reform Agenda

Dan Economy, Industry News Release

Secretary of Agriculture Sonny Perdue applauded President Donald J. Trump’s vision of a broad reform of the American tax code, which will result in dramatic tax cuts for millions of American individuals, families, businesses, and family farmers, ranchers, and foresters. Secretary Perdue issued the following statement: “The people of American agriculture work hard every day to provide food, fiber, and …

new tax

Senior Senate Tax Writing Committee Member Expects Estate Tax Repeal

Dan Economy, Industry News Release

A senior member of the Senate tax-writing committee expects estate tax repeal, a key for agriculture, to survive in a GOP-crafted tax reform proposal. GOP tax reform details are being announced this week and Former Senate Finance Chair and senior member Chuck Grassley says estate tax repeal is still ‘in play,’ despite media reports that the White House and lawmakers …

farm credit

Farm Policy Facts Study Addresses Heritage Foundation Suggestions

Dan Economy, Industry News Release

A study sponsored by seven agriculture groups and released by Farm Policy Facts calls a plan by the Heritage Foundation misleading. Brandon Willis, former Agriculture Department Risk Management Agency administrator, crafted the study “How Heritage Foundation’s U.S. Farm Policy Proposals Would Put America Last.” The Heritage Foundation released a blueprint earlier this year for the 2018 Farm Bill and claims …

rural mainstreet

Rural Mainstreet Index Lower

Dan Economy, Industry News Release

The Rural Mainstreet Index fell to its lowest level of the year last month as farmland prices declined and agriculture equipment sales were dismal. The index, compiled by Nebraska’s Creighton University, surveys bank CEO’s in ten Midwestern states. Overall, the index, which ranges between 0 and 100, slumped to 39.6, its lowest level since December 2016, and down from 42.2 …