53. Tax Policy Updates Corn Farmers Need to Know About in 2025
Description
It’s tax day, but some of the important policies that are helping your farm maintain profitability are in jeopardy if the Tax Cuts and Jobs Act of 2017 is allowed to expire this year.
Provisions like the Qualified Business Income Deduction, 100% Bonus Depreciation, and the increased Estate Tax Exemption are critically important to producers across the country.
So in this episode, we’re talking with two of NCGA’s foremost experts about how these policies benefit farmers… and what we can do to preserve them.
Andy Jobman is a farmer from Gothenburg, Nebraska, and chairs NCGA’s Risk Management Action Team, which has been researching the effects of the Tax Cuts and Jobs Act at the farm gate and building up our case to preserve it.
And Wayne Stoskopf is NCGA’s Director of Public Policy, serving as the D.C. staff liaison for all matters involving tax policy.
Together, they’ll explain why farmers can’t afford to lose these tax protections, what it means for rural communities, and why it’s critical for growers to contact their legislators about this issue.
United States
