Consumers are paying higher prices at the grocery for beef, pork and poultry, and the four largest meat packing companies are making record profits, yet the farmers in the middle are losing money.
The letter addresses four key tax provisions that make it possible for farmers and ranchers to survive and pass their businesses on to the next generation: estate taxes, stepped-up basis, 199A small business deduction and like-kind exchanges.
CIFT is hosting an intensive “Boot Camp” for food business entrepreneurs and small business owners over the course of three afternoons Oct. 12, 19 and 26.
Earlier this week, 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 Ohio Department of Taxation has released the 2021 CAUV tax values for counties in a reappraisal or update this year, and results show about a 25% decrease from the previous valuations in 2018.
Rural broadband, local meat processing capacity, H2Ohio, the Ohio Department of Agriculture and Ohio State among budget winners.
The program will help the next generation enter agriculture by removing some of the existing barriers to entry and exit.
Farm Bureau is asking members to reach out to their legislators and tell their personal stories about how a lack of reliable, affordable broadband has had an adverse impact on their livelihoods.
The Broadband Expansion Grant Program would create the development of broadband infrastructure and increased access for high-speed internet in rural areas.
Addressed to Secretary of Agriculture Tom Vilsack, the letter stressed that the reduced line speeds forced by the court order would have adverse impacts on hog producers as it would significantly decrease slaughter capacity.