is part of the Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

  • American Agriculturist
  • Beef Producer
  • Corn and Soybean Digest
  • Dakota Farmer
  • Delta Farm Press
  • Farm Futures
  • Farm Industry news
  • Indiana Prairie Farmer
  • Kansas Farmer
  • Michigan Farmer
  • Missouri Ruralist
  • Nebraska Farmer
  • Ohio Farmer
  • Prairie Farmer
  • Southeast Farm Press
  • Southwest Farm Press
  • The Farmer
  • Wallaces Farmer
  • Western Farm Press
  • Western Farmer Stockman
  • Wisconsin Agriculturist

Tax Package May Help Farm Bill

The Senate Finance Committee chair releases plan to help fund farm bill.

Max Baucus (D-MT), the chairman of the Senate Finance Committee proposed a tax package that would free up money for the Agriculture Committee to use in the Farm Bill.

Baucus proposes giving landowners tax credits for conservation programs rather than cash payments. He also outlined setting up a trust fund for disaster losses that aren't covered by crop insurance, but no date was set for the committee to write the package.

"We are discussing both the details of the Finance Committee's ideas and the level of funding help they would provide toward the farm bill," says Senator Tom Harkin (D-IA), chairman of the Agriculture Committee. "We still have a way to go in these discussions in order to meet crucial needs for strong farm income protection and investments in conservation, nutrition, energy, rural development and specialty crops initiatives."

Baucus' outline also proposed the use of tax credits instead of payments to landowners that participate in the Grassland and Wetlands reserves as well as the Farm and Ranchlands Protection Program.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish