Any change in capital gains tax policy that eliminates or scales back stepped-up basis could result in a massive tax burden on the agricultural sector. A new analysis by the American Soybean Association and the American Farm Bureau Federation confirmed the findings. To minimize the impact of burdensome capital gains taxes, farmers and ranchers use a stepped-up basis, which provides …
NCBA Welcomes Preserving Family Farms Act
House lawmakers recently introduced the Preserving Family Farms Act of 2021, a priority for the National Cattlemen’s Beef Association. NCBA has long supported efforts to reduce tax burdens on farmers and ranchers. This bipartisan legislation to expand IRS Code Section 2032A would allow cattle producers to take advantage of the Special Use Valuation and protect family-owned businesses from the impact …
Florida Legislative Session Reaches Half-way Point
Week five of the 2021 Florida Legislative Session saw discussions on various issues. Sam Ard, director of governmental affairs for the Florida Cattlemen’s Association (FCA), says they also just finished the halfway point of the session. The Florida Legislative Session is scheduled to end April 30. (Florida Cattlemen’s Association): http://www.floridacattlemen.org/ Sponsored ContentWhat Sets Provysol® Fungicide ApartJuly 8, 2025CIR Agriculture Harvester ProductsJuly 1, …
Agriculture Commissioner Nikki Fried: 30-Day FDACS Legislative Update
(FDACS) — This is the halfway mark of Florida’s 60-day annual legislative session. Below, Agriculture Commissioner Nikki Fried and the Florida Department of Agriculture and Consumer Services offer an update of the department’s priority legislation for the 2021 legislative session. “I’m proud of our common-sense, bipartisan legislative priorities this year, which include fighting child and family hunger, supporting Florida’s farmers, major climate and energy …
Legal Protections for Farmers Moving in House
(NSF) — A Senate-backed proposal to expand the state’s “Right to Farm” law continued to move Tuesday through the House over objections that it could block lawsuits about the potential health impacts of burning sugar cane. The House Environment, Agriculture & Flooding Subcommittee voted 14-4 to support the proposal (HB 1601), which is a priority of Senate President Wilton Simpson, …
House Hearing will be Foundation for Anti-Discrimination Legislation
Last week, the U.S. House Agriculture Committee held a hearing to review the state of U.S. black farmers. Committee Chairman David Scott from Georgia said the hearing will lead to future anti-discrimination legislation. Agriculture Secretary Tom Vilsack says American agriculture needs much more diversity. The new American Rescue Plan introduced by the Biden administration does include steps to help address discrimination …
Florida Lawmakers Begin Budget Process
When it comes to the 2021 Florida Legislative session, the budget process has begun. According to University of Florida/IFAS Director of Governmental Affairs, Mary Ann Hooks, both the Senate and House Appropriations Subcommittees released the first version of their budget proposals this week. She notes fortunately, UF/IFAS did not receive any reductions to existing programs in the Senate subcommittee budget proposal. Plus, …
House Ag Hearing Focuses on Black Farmers
(NAFB) — The U.S. House Agriculture Committee held a historic hearing Thursday reviewing the state of Black farmers in the United States. The hearing detailed decades of systemic racism and discrimination against Black Farmers by the Department of Agriculture. Agriculture Secretary Tom Vilsack told lawmakers, “We will over the next four years do everything we can to root out whatever …
Georgia Legislative Session Nearing the End
Week eleven of the 2021 Georgia State Legislative Session was another busy one, as lawmakers prepare to wrap things up for another year. Georgia Agribusiness Council (GAC) President Will Bentley has an update on some of the bills they’ve been watching closely throughout the session. And Bentley also has an update about the GAC virtual annual meeting that was held …
House Passes Ag Workforce Bill
(NAFB) — “Farmworkers are vital to the wellbeing of our country and our economy,” says President Joe Biden. “For generations, farmworkers across America, many of whom aren’t in the country legally, have worked countless hours to feed our nation and ensure our communities are healthy and strong.” He says that’s even more clear because of COVID-19. Democrat Zoe Lofgren of …