Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   

Agricultural News


President Trump's Tax Reform Plan Targeting Death Tax Repeal a Hit with Farm Bureau Federation

Thu, 27 Apr 2017 11:32:54 CDT

President Trump's Tax Reform Plan Targeting Death Tax Repeal a Hit with Farm Bureau Federation The following may be attributed to American Farm Bureau Federation President Zippy Duvall:


“Farmers and ranchers need a tax code that promotes the business of farming and ranching and recognizes the unique financial challenges we face. Farm Bureau welcomes a pro-business approach to tax reform, but any tax reform proposal must treat all businesses fairly. Most farm and ranch businesses don’t operate like large corporations: they are family-run businesses that depend on deductions and provisions that give them the flexibility they need to keep their businesses running in all seasons.


“Lower tax rates will go a long way in helping farmers and ranchers. But the future of other important provisions for agriculture-like immediate expensing, the deduction for interest expense, cash accounting and like-kind exchanges-is still unclear to us. Farmers run their businesses in a world of uncertainty-from unpredictable markets to uncertain weather and disease outbreaks. The tax code should not add to the challenges of growing our nation’s food, fuel and fiber. We are ready to work with the administration and Congress to address all of agriculture’s needs in the tax code.


“Farm Bureau is pleased to see President Trump’s plan will immediately take on one of our top concerns, the estate tax. Eliminating the estate tax will free farmers to invest in the future of their family businesses rather than selling off their land and legacy when a family member dies. Farmers and ranchers have already benefitted from congressional action to reduce this burden, and we’re ready to bury the death tax once and for all.”



Source - American Farm Bureau Federation




   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m, Thursday, March 4, 2021  Thu, 04 Mar 2021 15:24:14 CST
  • Thursday, March 4, 2021 Market Wrap-Up with Justin Lewis  Thu, 04 Mar 2021 15:12:34 CST
  • OSU's Kim Anderson Talks about Harvested Delivery Commodity Prices On This Weeks SUNUP  Thu, 04 Mar 2021 15:07:57 CST
  • Cong. Lucas Explains Why He Voted Against HR 1 And The Latest Covid-19 Relief Package  Thu, 04 Mar 2021 15:11:15 CST
  • Oklahoma Agriculture on Route 66 with Ag in the Classroom   Thu, 04 Mar 2021 10:49:35 CST
  • Embracing the Positives in Sustainable Cattle Production  Thu, 04 Mar 2021 09:28:09 CST
  • NWF Hosts Wheat 105 Educational Event, Yield Contest Recognition  Thu, 04 Mar 2021 09:24:42 CST
  • NMPF Statement on Reintroduction of Farm Workforce Modernization Act  Thu, 04 Mar 2021 09:01:41 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.