(NAFB) – More than 40 farm groups are appealing to House and Senate leaders not to impose new tax burdens on agriculture to pay for any Biden infrastructure and social spending plans.
The message is simple—don’t change tax policies like “stepped-up basis” and “like-kind exchanges” in a way that hinders farmland transfers within families and then to others, like minority and beginning farmers. National Cattlemen’s Danielle Beck…
Beck’s group is among 41 asking Congressional leaders for a “commonsense” approach to any tax changes, especially to stepped-up basis.
And for possible new owners…
The same people Beck says the Biden Administration’s trying to help.
Separately, USDA says it will comply with a March court order to reverse a Trump rule that would have ended pork plant line-speed limits. The National Pork Producers Council predicted increased packer market power and “irreparable harm” to small hog farmers while disputing claims of harm to worker safety.