Pierre, SD, USA / DRGNews
Apr 29, 2021 | 1:56 PM
South Dakota Senator John Thune– a longtime member of the Senate Agriculture Committee– and committee chairwoman Michigan Senator Debbie Stabenow have reintroduced the Cover Crop Flexibility Act.
The legislation would remove the prohibition on harvesting or grazing cover crops on prevented plant acres prior to November 1 and allow this flexibility outside of the primary nesting season.
This legislation is an offshoot of Thune and Stabenow’s 2019 effort that led the US Department of Agriculture to make an administrative change that allowed for penalty-free haying and grazing, which significantly benefited states like South Dakota and Michigan. In 2020, Thune and Stabenow again requested that USDA move up the November 1 date to September 1, but the department only provided flexibility in certain counties in South Dakota and North Dakota. This bill would provide a permanent solution to this issue and create greater certainty fo
Pierre, SD, USA / DRGNews
Apr 29, 2021 | 11:12 AM
In his American Families Plan, President Biden targets several provisions of the tax code to raise approximately $1.5 trillion in revenue over the next 10 years. The National Cattlemen’s Beef Association has long advocated for sound tax policy for rural America.
“Family-owned cattle operations, no matter the size, are the backbone and economic drivers of rural economies across the U.S. Preserving long-standing tax provisions such as stepped-up basis and like-kind exchanges is critical when considering the financial viability of farms and ranches, as well as the ability for the next generation of producers to carry on the family business and conserve the land that has been in their family for generations,” said Danielle Beck, NCBA Senior Executive Director of Government Affairs.
In a joint session address to Congress, President Joe Biden focused on continued calls to “build back better” and to pay for many of his priorities with tax reform. The American Families Plan encourages family farms to stay in the family and does not tax farm and asset transfer to family members upon death, but there are still concerns from farm groups on the impact to those in rural America.
The American Families Plan would repeal the deferral of gain for real estate like-kind exchanges – also known as 1031 exchanges- for gains greater than $500,000 and eliminate stepped-up basis for gains in excess of $1 million ($2.5 million per couple “when combined with existing real estate exemptions”) and tax said gains on any property not donated to charity.
WASHINGTON U.S. Sens. John Thune (R-S.D.) and Kyrsten Sinema (D-Ariz.) today introduced legislation to prohibit the Environmental Protection Agency (EPA) from issuing permits related to livestock emissions. The Livestock Regulatory Protection Act would amend the Clean Air Act to prohibit the EPA from issuing permits for any carbon dioxide, nitrogen oxide, water vapor, or methane emissions resulting from biological processes associated with livestock production.
“Livestock producers are working to improve efficiency and reduce emissions from their operations,” said Thune. “They should not be subject to onerous regulations and costly permit fees for their animals’ emissions, which could ultimately lead to higher food costs for consumers. I’m grateful for Senator Sinema’s partnership on the Livestock Regulatory Protection Act, which would provide producers long-term certainty on this issue.”
WASHINGTON (April 28, 2021) – In his American Families Plan, President Biden targets several provisions of the tax code to raise approximately $1.5 trillion in revenue over the next 10 years. The National Cattlemen’s Beef Association (NCBA) has long advocated for sound tax policy for rural America.
“Family-owned cattle operations, no matter the size, are the backbone and economic drivers of rural economies across the U.S. Preserving long-standing tax provisions such as stepped-up basis and like-kind exchanges is critical when considering the financial viability of farms and ranches, as well as the ability for the next generation of producers to carry on the family business and conserve the land that has been in their family for generations,” said Danielle Beck, NCBA Senior Executive Director of Government Affairs.