The 2024 Ohio Agriculture and Rural Communities Action Plan
Ohio Farm Bureau 2024 priority issues focus on business climate, regulatory environment, preserving Ohio’s farming heritage, healthy rural communities, and grassroots advocacy.
Read MoreOhio Farm Bureau President Bill Patterson wrote a letter to Ohio’s congressional delegation, reiterating Farm Bureau’s significant concern for certain tax proposals being considered that would hurt family farms.
The week of Sept. 13, Ohio Farm Bureau President Bill Patterson wrote a letter to Ohio’s congressional delegation, reiterating Farm Bureau’s significant concern for certain tax proposals being considered that would hurt family farms. The letter also emphasized that revenue for this new massive spending package should not be raised on the backs of Ohio’s small businesses and farms.
“We remain adamantly opposed to repealing the step-up in basis and to imposing new capital gains taxes on family farms at inheritance. Any reduction of the current estate tax exemption also presents a tremendous threat to agriculture here in Ohio,” Patterson said.
“Each of these proposals, if implemented, could set back Ohio agriculture for generations to come.”
Patterson’s letter also stressed that eliminating key business tax provisions can have very detrimental impacts on Ohio farms. For example, eliminating the Section 199A business income deduction will hurt businesses organized as pass-through entities. A majority of farms in Ohio are organized this way. Similarly, maintaining like-kind exchanges helps farms enhance efficiencies, maintain cash flows and allows for reinvestment in farm operations.
“As the economic backbone of nearly every county and rural community across Ohio, the importance of agriculture and related industries cannot be overstated. As you consider these tax policies please keep in mind farmers and family-owned agricultural businesses are responsible for producing the safe, affordable and abundant food, fiber and fuel supplies we need every day.”
Ohio Farm Bureau 2024 priority issues focus on business climate, regulatory environment, preserving Ohio’s farming heritage, healthy rural communities, and grassroots advocacy.
Read MoreThe law requires most businesses to report information about their beneficial owners, and the intent is to try to make it harder to illegally hide assets and commit financial crimes.
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Read MoreData shows there are fewer farms in the United States, yet more new, beginning and young farmers.
Read MoreHow will this impact Ohio farmers and what can be done to allow for use of the products that have already been purchased?
Read MoreAmerican Farm Bureau President Zippy Duvall stressed that it is imperative EPA expeditiously provide clarity to farmers and asked the agency to issue an existing stock order.
Read Morefarmers are happy with the purpose and philosophy of the CAUV program, but all would prefer some more predictability in their values and more importantly, their tax bill.
Read MoreMonthly webinars run January-June focusing on grain marketing, renewable energy, the agricultural labor supply and more.
Read MoreFor Ohio shoppers, the Thanksgiving dinner receipt will be slightly lower than the national average for the same market basket items at $59.24.
Read MoreHow Farm Bureau and partners went to work to get producers the answers they needed in regard to the health, safety and welfare of their animals, their crops, their farms and their families.
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