National Ag News
Comprehensive tax reform needed for farmers and ranchers
The chairman of the House Agriculture Committee says farmers and ranchers need comprehensive tax reform.
Congressman Mike Conaway (R-TX), a former CPA, says managing tax liabilities a huge priority for farmers. “Agriculture is an industry of high fixed costs, with lead times that last an entire growing season or longer and highly variable returns combined with historically tight margins,” he says. “To support producers Congress has worked to soften the negative impact of inflexible tax rules that do not make sense for agriculture.”
Patricia Wolff, senior director of Congressional Affairs for American Farm Bureau says the organization wants a tax code that helps farmers and ranchers navigate the unpredictable nature of their business.
Continue reading Comprehensive tax reform needed for farmers and ranchers at Brownfield Ag News.
