One provision of the new tax plan drawing sharp criticism is the elimination of the deduction for personal loss from natural disasters such as wildfires, unless the event is a federally-declared disaster.
New tax reform framework released this week includes priorities for agriculture but unanswered questions remain, says Patricia Wolff, American Farm Bureau Federation's tax expert, on AgriTalk Radio Show this week.
It’s difficult for any business to remain profitable for nearly 140 years, but brothers Kent and Barry Holden, of Holden Farms in Northfield, Minn., run one of the largest pork operations in the country.
Just days before the World Trade Organization (WTO) is set to approve a billion dollars in retaliatory tariffs against the United States, legislators have released an omnibus spending bill that repeals the country of or
While lower tax rates will go a long way in helping farmers and ranchers, those involved in agriculture are anxious about the future of other important tax provisionssuch as immediate expensing, the deduction for intere
Most farm families will not end up owing federal estate tax (with proper planning and structure, it would typically take a combined gross estate of more than $20 million to be subject to federal estate tax). However, i
All 50 U.S. states provide some form of preferential tax treatment for agricultural land (see Sherrick and Kuethe, 2014). These tax policies were adopted state-by-state in response to the rapid loss of farmland associa