TheFirstFurrow

Wednesday, August 16, 2017 It’s Time to Focus on Tax Reform

With Congress back in their districts for August Recess, we thought it’d be a good time to talk about a some federal issues that are a high priority for Farm Bureau. First up this week: tax reform.

Congress is starting to get serious about tax reform. Both the President and leaders in Congress say they want to develop a tax reform plan this fall. But what will it look like? Will it include the things farmers need to be successful?

Agriculture operates in a world of uncertainty. From unpredictable commodity and product markets to fluctuating input prices, from uncertain weather to insect or disease outbreaks, running a farm business is challenging under the best of circumstances. Farmers need a tax code that recognizes their unique financial challenges.

Farm Bureau supports replacing the current federal income tax with a fair and equitable tax system that encourages success, savings, investment and entrepreneurship. We believe that the new code should be simple, transparent, revenue-neutral and fair to farmers.

Wednesday, April 13, 2016 Tax Day on the Farm

Tax Day is right around the corner, and people from all across the country and from all walks of life are working through the complex and confusing process of filing their taxes. Like everyone else, farmers (and their tax professionals) have to work through a maze of rules and regulations to complete their returns. As Tax Day approaches, let’s take a moment to make some observations about farmers and taxes.