The One Big Beautiful Bill Delivers for Farmers and Ranchers

The One Big Beautiful Bill Act better enables farm families to plan for the future and pass their farms onto future generations. Idaho family farmers, ranchers and entrepreneurs often work lifetimes to grow their businesses. By making

Key wins:

• Increases and makes permanent the doubled death tax exemption, and indexes it for inflation.
• Permanently provides for 100 percent bonus depreciation in addition to increasing small business expensing, allowing farmers and ranchers to immediately deduct the full cost of farm equipment, machinery and vehicles.
• Makes permanent the small-business deduction—claimed by hundreds of thousands of family farms and ranches.
• Extends the farm safety net as lawmakers work to reauthorize the Farm Bill and many of its programs that have continued under temporary extensions.

Read: Senator Crapo: The One Big Beautiful Bill Backs Idaho Farmers And Ranchers

What they are saying:

“America’s cattle farmers and ranchers are pleased by the final passage of the One Big Beautiful Bill. This legislation will protect family farmers and ranchers from the devastation of the Death Tax, it will avoid a massive year-end tax hike that could have put cattle operations out of business, it expands and protects many of the small business tax deductions that family producers rely on.” -- National Cattlemen’s Beef Association

“Farm Bureau applauds the U.S. Senate for passing the reconciliation package. Farmers and ranchers are the foundation of America’s food supply chain, and they need the certainty that this legislation will provide. Improvements to farm safety net programs that reflect today’s agricultural economy and maintaining important tax provisions will directly benefit farm and ranch families … Important tax provisions will also help farmers save money that can be used to pay bills, invest in new technologies, and pass the family farm to the next generation.” -- American Farm Bureau

• Print
• Email
• Tweet