Expiration of Tax Cut and Jobs Act could significantly impact family farms

Expiration of Tax Cut and Jobs Act could significantly impact family farms

The American Farm Bureau Federation says tax reform in 2025 could be more complicated if Congress fails to pass a farm bill this year.

Managing Director of Government Affairs Ryan Yates tells Brownfield, “We’re not looking forward to having those two issues overlap in the next Congress, but if that’s what Congress chooses to do, so be it,” “We’ll be there to tell our story,” he says.

Tax policy could return to 2017 levels if the Tax Cut and Jobs Act expires.

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