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Shining Light on Farm & Food Policy for 20 Years.
Monday, December 02, 2024
It's too early to tell how much farmland will be flooded or too wet to plant this year, but new risk management options are available to help agribusinesses and custom harvesters who might suffer along with their farmer customers.
President-elect Joe Biden is out with a $1.9 trillion stimulus proposal that includes some significant new food assistance provisions, including an extension through the summer of the 15% increase in SNAP benefits provided by the COVID aid package enacted in December.
Dean Foods Co. has reached an agreement to sell much of its business operations to Dairy Farmers of America for $425 million, pending approval by a federal bankruptcy court and the Justice Department.
Despite threatening a veto, President Trump signed into law a $1.3 trillion spending bill that addresses several agricultural priorities, including revisions to the Section 199A tax benefit and an exemption from farm-emissions reporting for the livestock industry.
Congressional leaders reached a last-minute agreement to put a rewrite of the new Section 199A tax benefit for farmer co-ops in an omnibus spending bill that lawmakers must pass this week, industry and congressional sources said.
Farmer cooperatives and the grain and the feed industry announced a joint agreement to overhaul a new tax benefit for co-ops that gives farmers a strong incentive to sell commodities to them rather than to other companies.
Congressional Republicans say they reached agreement on a final tax bill that will provide a new 20-percent deduction for pass-through income from farms and small businesses.
Congressional Republicans are gearing up for high-stakes negotiations to finalize a sweeping package of tax cuts before Christmas that could provide significant relief to farmers and ranchers.