FarmPolicy

September 24, 2014

Rep. Courtney, Rep. Walz Call for Action on the Farm Bill

Categories: Farm Bill

On the House floor Friday, Rep. Joe Courtney (D., Conn.) and Rep. Tim Walz (D., Minn.), both Members of the House Ag. Committee, called for action on the Farm Bill.

-kg

Tax Issues; Budget; Farm Bill; Biofuels; Ag Economy; and, Trade

Tax Issues

Dan Piller reported on the front page of Sunday’s Des Moines Register (“Pressure’s on to sell farmland before end of the year”) that, “The clean, placid appearance of post-harvest Iowa farmland appears to be far removed from the messy fog of Congressional politics and the fiscal cliff.

But pressure is intense to sell land before Jan. 1 when, if Congress doesn’t intervene, capital gains taxes will rise from 15 percent to 23.8 percent and deductions on estate taxes will drop from $5 million to $1 million.”

(more…)