By Scout Nelson
The National Cattlemen’s Beef Association (NCBA) has welcomed major policy wins for cattle producers through the One Big Beautiful Bill, recently signed into law by President Donald J. Trump. The bill includes key tax and farm provisions that benefit rural communities.
“Since day one, NCBA has been working with Congress to make sure the One Big Beautiful Bill includes policy priorities for America’s hardworking family farmers and ranchers,” said NCBA President Buck Wehrbein. “I’m proud that this legislation protects farms and ranches from being split up and sold off to pay a high Death Tax bill.”
Key tax victories include an increase in the Death Tax exemption to $15 million per individual and $30 million per couple. Section 199A, which allows a 20% small business deduction, is made permanent. Section 179 equipment deductions are now allowed up to $2.5 million with an increased phaseout threshold. The bill also makes 100% bonus depreciation permanent and extends deductions for disaster-related personal losses.
On the farm policy front, the bill expands the Livestock Forage Disaster Program by allowing payments after four weeks of drought instead of eight. It also increases Livestock Indemnity Program payments and introduces support for the loss of unborn livestock.
The bill funds voluntary conservation programs for six years, including EQIP, CSP, ACEP, and RCPP. Disease prevention funding has also increased to $233 million annually. This includes resources for the National Animal Vaccine Bank, laboratory networks, and disease preparedness.
Importantly, the bill avoids controversial proposals like selling public lands or expanding eminent domain.
“NCBA thanks our state affiliates and congressional leaders for passing this legislation and we thank President Trump for signing it into law, showing he is a true friend to America’s cattlemen and cattlewomen,” Wehrbein added.
Photo Credit:national-cattleman-s-beef-association
Categories: Nebraska, Government & Policy, Livestock, Beef Cattle