Tag: congress

Tax Proposals Put Future of American Farms at Risk

Tax Proposals Put Future of American Farms at Risk


WASHINGTON, September 8, 2021 – The American Farm Bureau Federation, along with 46 state Farm Bureaus and 280 organizations representing family-owned agribusinesses, sent a letter today to congressional leaders urging them to leave important tax policies in place as they draft legislation implementing President Biden’s “Build Back Better” agenda. 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.

“The policies Congress enacts now will determine agricultural producers’ ability to secure affordable land to start or expand their operations,” the letter states. “Regardless of whether a business has already been passed down through multiple generations or is just starting out, the key to their longevity is a continued ability to transition when a family member or business partner dies. For this reason, we firmly believe the current federal estate tax code provisions must be maintained.”

These tools are as crucial as ever as the number of farmers and ranchers 65 and older outnumber those 35 and under by a four-to-one margin. More than 370 million acres are expected to change hands in the next two decades.

“As the economic backbone of nearly every county and rural community across the U.S., the importance of American agriculture and related industries cannot be overlooked,” the letter continues. “Farmers, ranchers, and family-owned agribusiness operators are responsible for producing the safe, affordable, and abundant food, fiber, and fuel supplies Americans enjoy every day. As the stewards of nearly 900 million acres of crop and rangeland, farmers and ranchers play an important role in terms of natural resource and land conservation. For agricultural producers, carrying on the legacy of our predecessors and setting the next generation up for success is critically important.”

Read the full letter here.

 

Contacts:
Mike Tomko
Office (202) 406-3642
Cell (410) 445-8829
miket@fb.org

Bailey Corwine
Office (202) 406-3643
Cell (785) 409-2050
baileyc@fb.org

Maryland Farm Bureau Presents Five Maryland Congressmen “Friend of Farm Bureau” Recognition

Maryland Farm Bureau Presents Five Maryland Congressmen “Friend of Farm Bureau” Recognition
Maryland representatives awarded for their agricultural support in the state

DAVIDSONVILLE, MD. (September 21, 2022) — Five members of Maryland’s congressional delegation were named “Friend of Farm Bureau” for the 117th Congress. The American Farm Bureau Federation awards were given to Congressmen Andy Harris (District 1), Steny Hoyer (District 5), Dutch Ruppersberger (District 2), John Sarbanes (District 3), and David Trone (District 6) for their leadership and advocacy in supporting Maryland’s farmers, and food security for American consumers.

“The support of this year’s Friend of Farm Bureau recipients helps to preserve the future of family farms in Maryland, maintain our ability to produce safe and affordable food, and provide resources to assist farmers in implementing environmentally friendly practices,” said Maryland Farm Bureau President Wayne Stafford. “We are very fortunate to have elected officials in Washington, D.C., who understand and appreciate the important role agriculture plays in our nation.”

The Friend of Farm Bureau awards are presented at the end of each Congress to lawmakers based on individual voting records on Farm Bureau priority issues which, in 2021 and 2022, included emergency COVID assistance for farmers, rural broadband access, funding for infrastructure, and ocean shipping reform.

“Maryland’s farming community is the backbone of our state providing an abundant and reliable supply of food, renewable fuel, and fiber,” said Stafford. “Farm Bureau is honored to recognize these five members of Congress for their outstanding support that ensures our rural and urban agricultural communities continue to thrive.”

The Friend of Farm Bureau awards, which began in 1996, were presented during Maryland Farm Bureau’s Council of County Presidents Leadership Summit in Washington, D.C.

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MARYLAND FARM BUREAU®, INC. is a 501(c)(5) federation that serves as the united voice of Maryland farm families. Our organizational strength comes from the active participation of over 10,000 individual and family members who belong to the state’s 23 local county Farm Bureau organizations. Since 1915, Maryland Farm Bureau has been committed to protecting and growing agriculture and preserving rural life. Maryland Farm Bureau is a proud member of the American Farm Bureau® Federation. For more information, visit www.mdfarmbureau.com

MEDIA CONTACT:
Amber Pearson, Director of Media Relations
Maryland Farm Bureau, Inc. (TSN Communications) 
573-268-6853  |  amber@tsncommunications.com

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