Signup trends for the general enrollment in USDA’s Conservation Reserve Program over the last few years are showing higher acceptance rates, but some fear that’s due to the department lowering the environmental benefits index score, which determines eligibility requirements for the program.
USDA must try to address the severe labor shortage afflicting agriculture as a whole, including the meat industry, numerous commenters told USDA as it determines how to spend $500 million to increase capacity in the sector.
Farm groups are breathing a collective sigh of relief that congressional Democrats have dropped the idea of taxing capital gains at death, preserving the benefits of stepped-up basis. But many may still need to start talking to their tax advisers about just what’s in the legislation and how it could affect their tax planning.
House Democrats look to finish pulling together their $3.5 trillion tax and spending package this week, despite a fierce internal struggle over the taxes they need to pay for it and delays in finalizing $94 billion in agriculture provisions.
The House Agriculture Committee debated $66 billion in new spending for agricultural research, renewable energy and forestry over strenuous objections of Republicans, who used the deliberations to highlight President Joe Biden’s proposal to increase taxes on inherited assets.
Over 2.5 million out of 3.9 million acres submitted have been accepted by USDA in this year’s Grassland Conservation Reserve Program enrollment, with additional priority zones for elk migratory paths and the Dust Bowl region.