Farm Bureau President Zippy Duvall has expressed approval following the House's recent passage of a reconciliation bill. The legislation, identified as H.R.1, aims to modernize farm bill programs and extend key tax provisions that are beneficial to small farmers and ranchers across the United States.
Duvall said, "Farm Bureau applauds the House passage of H.R.1, which modernizes farm bill programs and extends and improves critical tax provisions that benefit America’s small farmers and ranchers."
The bill introduces updated reference prices intended to provide stability for farmers facing economic challenges. Additionally, it makes business tax deductions permanent and maintains current estate tax exemptions. According to Duvall, these measures will help ensure that thousands of families can pass their farms on to future generations.
Duvall also called on the Senate to act promptly: "We urge the Senate to work together and swiftly pass legislation to deliver much-needed relief to America’s farm and ranch families."
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