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


NCBA Debuts Second Video Promoting Death Tax Repeal in Newly Launched Tax Reform Campaign

Wed, 13 Sep 2017 15:11:39 CDT

NCBA Debuts Second Video Promoting Death Tax Repeal in Newly Launched Tax Reform Campaign The National Cattlemen’s Beef Association today released the second video in its monthlong media campaign to promote comprehensive tax reform. The first video, which was posted on Sept. 6, was viewed more than 109,000 times on Facebook and reached more than 200,000 people.



NCBA's second video in the campaign features Jay Wolf, a third-generation Nebraska rancher, who discusses the time, energy, and financial cost he’s forced to spend on estate planning due to the death tax.



“You’d think in operating a business like this, the most important decisions would be strategic decisions about buying or selling cattle or buying and selling land,” Wolf says while sitting in his pickup truck surrounded by his cattle. “Instead the most important decisions I’ve made have been estate-planning decisions, and they have impacted our ability to maintain our operation more than anything else - and that doesn’t really seem right.”





Wolf also discussed how the death tax is fundamentally unfair and burdensome because it forces family ranchers to pay tax and estate-planning costs in cash based upon an appraised value of their land, which they’ve already paid property taxes on for decades.



“The value of the land has changed dramatically, especially in the last few years,” Wolf explained. “Now our income hasn’t necessarily changed… and it becomes difficult to face a tax on something like that. It’s not a cash asset but if you’ve got a big estate tax on it, it’s out of proportion to its earning ability, and it can be just devastating.”



NCBA last week kicked off the media and advertising campaign that is shining a spotlight on how various federal tax provisions impact America’s cattle and beef producers, particularly the death tax, and is building support in Washington for comprehensive tax reform that will make the tax code more fair for producers. The campaign is centered around a new website, CattlemenForTaxReform.com, and will run through September.



Over the coming weeks, NCBA will roll out several other promoted videos and infographics on social media that will feature profiles of ranchers and other members of the cattle-production community and their priorities for tax reform. The campaign will also connect grassroots ranchers and producers with their elected officials on Capitol Hill as tax-reform legislation is considered this autumn.



Source - National Cattlemen's Beef Association




   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Grain Economist Kim Anderson Says Prices are on the Move and Summer Crops are in the Spotlight  Thu, 21 Jun 2018 17:38:42 CDT
  • OSU's Derrell Peel Says Cattle Markets in the First Half of 2018 Have Been "So Far, So Good..."  Thu, 21 Jun 2018 17:05:10 CDT
  • Southeast Oklahoma Continues to Dry Out as State Braces for Hotter Than Normal Temperatures  Thu, 21 Jun 2018 16:40:04 CDT
  • Cattle Producer Brett Carter Explains How to Give Calves Added Opportunity for Growth with VitaFerm  Thu, 21 Jun 2018 16:18:52 CDT
  • US House of Representatives Pass Farm Bill to Agriculture Industry's Delight in Tight 213 - 211 Vote  Thu, 21 Jun 2018 16:13:11 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Thursday, June 21, 2018  Thu, 21 Jun 2018 15:54:37 CDT
  • Thursday Market Wrap-Up with Justin Lewis  Thu, 21 Jun 2018 15:52:10 CDT
  • American Farm Bureau Federation’s Board of Directors Support House passage of H.R. 4760 on Strength of Ag Labor Provisions  Thu, 21 Jun 2018 12:56:11 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show Stillwater Milling American Farmers & Ranchers KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.