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Shining Light on Farm & Food Policy for 20 Years.
Saturday, September 14, 2024
A bipartisan deal between leaders of the House and Senate tax-writing committees would raise limits on the Section 179 expensing provision that is popular with farmers, and the agreement also would restore a bonus depreciation provision to 100%.
On to New Hampshire. Former President Donald Trump was the runaway winner of the Iowa Republican caucuses yesterday evening, demonstrating he maintains a strong hold on Republicans in that state and in rural areas particularly.
Congressional leaders announced agreement Sunday on a new stopgap funding bill that would keep the government funded until March 1 for some departments and agencies, including USDA, and to March 8 for the rest.
A senior Republican on the House Ag Committee, Arkansas Rep. Rick Crawford, says little legislatively is likely to get done this year after March, given the political calendar.
Grocery prices rose just 0.1% in December for the second month in a row and are up 1.3% year over year as food inflation continues to moderate, according to the latest Consumer Price Index.
Farmers believe the nation is on the wrong track, and a strong plurality support electing Donald Trump to another term as president, according to a poll commissioned by Agri-Pulse of producers across the country.
Former President Donald Trump is promising to renew his attack on the U.S. trade deficit should he win a second term by imposing an across-the-board tariff on imports, a prospect that is alarming to farm groups still smarting from his past trade wars.
A federal appeals court concluded Monday that two Iowa statutes that prohibit undercover access to farms and recording of their practices are constitutional.