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EC SD | In case you missed it, OBBBA had lots of positive changes for the AG sector...
https://www.agriculture.com/partners-impacts-of-the-commodity-title-...
Raising statutory reference prices to address the massive inflation since the 2018 farm bill is one of the biggest benefits for farmers. Also good news for livestock producers with enhancements to the Livestock Indemnity Program and the Livestock Forage Disaster Program. Everyone gets a tax break with permanent 199A deduction and full expensing of equipment in the first year. A permanently higher death tax exemption also helps all business owners that want to pass it along to their next generation, instead of liquidating the assets to pay the death tax. | |
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OBBBA
