AFBF has endorsed bipartisan legislation in the House and Senate to repeal the federal estate tax. AFBF President Zippy Duvall said the bills are needed because farm families continue to face challenges in passing their family businesses to the next generation.
The AFBF-endorsed Death Tax Repeal Act of 2017 was introduced Tuesday in the House by Reps. Kristi Noem (R-S.D.) and Sanford Bishop (D-Ga.). Sen. John Thune (R-S.D.) introduced a companion bill in the Senate.
“Farmers and ranchers face a number of factors that are unpredictable and beyond their control, from changing weather to fluctuating markets,” Duvall said. “These family-run businesses need a tax code that encourages investment, rather than one that punishes their success. We believe that repeal of the estate tax offers the best solution to protect farms, ranches and all family-owned businesses from the estate tax.”
Cassidy Rasnick has been appointed Deputy Secretary of Agriculture and Forestry after Sam. T. Towell was appointed Attorney General for Civil Litigation.
President Trump withdrew from the Trans-Pacific Partnership on Monday, administration officials said. Mr. Trump sharply criticized the partnership agreement during last year’s campaign, calling it a bad deal for American workers.
President-elect Donald Trump has chosen former Georgia Gov. Sonny Perdue as his secretary of agriculture, and leaders of the nation’s and state’s largest agricultural organizations are pleased with that pick.
Agriculture Secretary Tom Vilsack will become the new CEO of the U.S. Dairy Export Council (USDEC) effective February 1, 2017. USDEC is a non-profit, independent organization that seeks to enhance the global demand for U.S. dairy products and ingredients.
While farm income is down across the board, today’s farm economy is noticeably different than it was in the 1980s, according to Dr. Bob Young, chief economist at the American Farm Bureau Federation.
Delegates to the American Farm Bureau Federation’s 2017 Annual Convention today approved a host of public policy measures designed to help assure a prosperous future for farmers, ranchers and everyone who depends on them for food, fuel and fiber.
Virginia barley and winter wheat harvests have been on a downward trend for several years, and 2016 was an especially disappointing one for growers. But