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Farm Bill Awaits Trump’s Signature

The National Milk Producers Federation (NMPF) applauded the U.S. House of Representatives for completing congressional approval of a new farm bill and sending to the White House a law that will provide important economic assistance to dairy producers in times of need....

World Dairy Expo Seeks Nominations for Recognition Awards

World Dairy Expo® is accepting nominations for the 2019 Expo Recognition Awards now through February 1, 2019. Producers, organizations, academic staff and others involved in the dairy industry are encouraged to nominate individuals to recognize their outstanding work...

Comfort Designed For Today’s Cow

Kevin Martin, a sales specialist in barn equipment with GEA joined us on today's Wellness Wednesday to discuss how dairies are yielding cleaner stalls as cows lay straighter living in the Single Beam Freestall Mounting System. He also tells Dairy Radio Now listeners...

Producers Urge Congress to Quickly Approve Pro-Dairy Farm Bill

With the release of a farm bill that Congress will vote on in the coming days, the National Milk Producers Federation (NMPF) joined its member cooperatives and state dairy associations in urging Congress to pass the new law, which includes several measures crucial to...

Understanding Cow’s Feeding Behavior

Trevor DeVries, Professor in the Department of Animal BioSciences at the University of Guelph, studies dairy cattle behavior, nutrition, and welfare with a focus on feeding behavior and diet selection. He joined us on today's Dairy Radio Now to tell us more:...

$20 Milk In 2019?

Jerry Dryer, analyst, and editor of the Dairy and Food Market Analyst newsletter joined us on today's Mielke Monday to give a small preview of his December forecast. He believes we will see some $17 milk by the end of the year and, if his hunch on milk supply becomes...

Anticipating Corn Silage Hybrids

Dr. Mike Hutjens joined us on today's Feed Form Friday to discuss corn hybrid selection:  

Edge Cooperative Has a Voice in D.C.

Edge dairy cooperative is the fourth largest co-op in the country and they've been actively engaging at the federal level. Kansas native Michael Torrey of Michael Torrey Associates has been based in D.C. for more than a decade representing businesses like Edge who...

More Milk Options in School Meals

The National Milk Producers Federation commended Agriculture Secretary Sonny Perdue for returning low-fat (1%) flavored milk as part of the National School Lunch and School Breakfast programs. The final rule implementing regulatory changes needed to add low-fat...

Winter Housing: Focus On Air Volume Not Speed

Cold temperatures are here and winter is quickly approaching. As the temperatures drop, calf barns are closed up and the ventilation rates are turned down. As an industry we do this reflexively, but is it what’s best for the calves? If it's not 'drafty,' can a calf...

Estate Tax Could Be Killed This Year

By Patrick Cavanaugh

dcDanielle Beck, the Director of Governmental Affairs with the National Cattlemen’s Beef Association. She and others of the industry are applauding the introduction of a bipartisan legislation that would permanently kill the onerous estate tax that harshly affects the cattle industry.

US Senator, John Thune, of South Dakota and by US Representatives, Kristi Noem of South Dakota and Sanford Bishop of Georgia, introduced the Death Tax Repeal Act of 2017 this week. Beck said, “It’s a huge priority for the NCBA.”

Last Congress, Chairman Kevin Brady, 8th District, Texas introduced the blueprint, Pathways to Tax Reform. “It’s something that they’ve been gearing up towards and now that we have a Republican in both chambers of Congress, and then a Republican in the White House, it seems like they’re shooting with bullets this year. We’re excited to see what happens moving forward,” Beck said.

And of course, the estate tax has been devastating to ranching families. “In 2006 it was estimated that family businesses spent $27.8 billion just to comply with the law. It’s hard to estimate exactly what the total savings will be. Ultimately, at the end of the day we know that the Estate Tax impedes economic growth because it discourages savings and capital accumulation,” said Beck.

And if the cattle-ranching families are not saddled with the huge burden of Estate Tax it will allow them to invest in their own businesses and communities.

“We’ve met with the committee recently and they are full-speed ahead. We think that we’ll probably see some sort of legislation whether it’s a comprehensive reform bill or reconciliation sometime in the spring,” said Beck. “They have committed a number of times that they want to get something passed and into law by the August recess, so they’re moving quickly.”

Many ranch families are asset rich and cash poor. Most of the value of the estate is attributed to the value of the land, livestock, and the equipment used. Oftentimes, when producers are faced with paying an Estate Tax they have to sell off many of their assets to just make ends meet.

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