Five Opportunities For Farmers, Ranchers With Federal Tax Code Changes

November 20, 2018

KRVN 880 Rural Radio :

Nebraska Farm Bureau is encouraging farmers and ranchers to examine how they could benefit from changes in the federal tax code as the end of the year approaches. In December of 2017, Congress passed, and President Trump signed the most sweeping changes to federal tax code in more than 20 years. Those changes could yield significant benefits to farm and ranch families according to the Nebraska Farm Bureau.“The adoption of the Tax Cuts and Jobs Act (TCJA) helped lower taxes for hardworking Americans. As part of that effort, Nebraska Farm Bureau worked very closely with Nebraska’s Congressional delegation to ensure reforms included improvements in the tax code for farm and ranch families,” said Steve Nelson, Nebraska Farm Bureau president, Nov. 13.