SOUTHEAST ELITE

G E L B V I E H G E N E T I C S S A L E

OCTOBER 28, 2023

BLUEGRASS STOCKYARDS

LEXINGTON, KY 1 PM EASTERN

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S I R E S I N C L U D E :

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Ncba Champions Introduction Of Preserving Family Farms Act

WASHINGTON (July 26, 2023) - The National Cattlemen’s Beef Association (NCBA) announced support for the Preserving Family Farms Act of 2023 that was introduced by U.S. Representatives Jimmy Panetta (CA) and Mike Kelly (PA). This bipartisan legislation would expand IRS Code Section 2032A to allow cattle producers to take advantage of the Special Use Valuation and protect family-owned businesses from the devastating impact of the federal estate tax, commonly referred to as the Death Tax. “America’s cattle producers deserve certainty in the tax code, especially when it comes to succession planning. NCBA is committed to fighting for common sense tax solutions, including the expansion of IRS Code Section 2032A Special Use Valuation, to allow more producers to secure greater relief from the estate tax and preserve family-owned cattle operations for generations to come," said NCBA President Todd Wilkinson. "We applaud Representatives Panetta and Kelly for their leadership and dedication to protecting future generations of agricultural producers through the introduction of the Preserving Family Farms Act of 2023.”

Background

In the Tax Reform Act of 1976, Congress recognized the disproportionate burden of the Death Tax on agricultural producers and created Section 2032A as a way to help farmers keep their farms. However, the benefits of Special Use Valuations have been stymied over the years as the cap on deductions has failed to keep pace with the rising value of farmland.

While the current 2032A reduction is 55 percent higher than the value established two decades ago, USDA estimates that cropland values have increased by 223 percent. Agricultural land values – including on-farm buildings – have also risen dramatically, increasing by 241 percent during this same period. Due to the rapid inflation of farmland values, the 2032A deduction is no longer aligned with the needs of modern agriculture – nor does it accomplish Congress’ intended goal of providing meaningful protection to those producers who are most vulnerable to the estate tax.

Ncba President Hits Back At Animal Rights Activists And Policymakers Attacking The Beef Checkoff

WASHINGTON (July 26, 2023) – Today, National Cattlemen’s Beef Association President Todd Wilkinson, a South Dakota cattle producer, responded to attacks on the Beef Checkoff and NCBA from animal rights activists and their allies in Congress:

“As a cattle producer, I know what it means to work hard for every dollar, and I am proud to invest my money in the Beef Checkoff. It’s extremely disappointing to see members of Congress, who have historically been allies to agriculture, turn on the cattle industry and attack our producer-led checkoff.

“I am especially disappointed in Rep. Victoria Spartz who claimed in a recent interview that she paid into , which does not exist at the federal level. I’d encourage people to understand the truth about how Checkoff programs operate by visiting their websites, or better yet, by getting involved in the Checkoff programs themselves rather than spreading misinformation that furthers the goals of anti-agriculture activists.

“The Beef Checkoff was created by cattle producers, voted on by producers, and is directed by producers. It’s a program that delivers a $11.91 return on investment and strengthens demand for our high-quality beef. The Checkoff is also extremely transparent and if anyone wants to know where Beef Checkoff dollars go, all you have to do is visit the Cattlemen’s Beef Board website.

“Groups like Farm Action also have no business claiming to represent America’s farmers and ranchers. Their leaders, including Angela Huffman and Joe Maxwell, are career animal rights activists who have spent years attacking animal agriculture. In fact, the Animal Agriculture Alliance just added Farm Action, and other groups like the Organization for Competitive Markets to their Animal Rights Extremism list. Members of Congress should listen to the folks who are raising cattle and keeping our nation fed, not animal rights extremists hiding behind an organization that falsely claims to represent the interests of farmers and ranchers. Background View a factsheet with more information about the Beef Checkoff at https://tinyurl.com/2buvwewa.

Ncba Welcomes House Passage Of Two Esa Resolutions

WASHINGTON (July 28, 2023) - Today, the National Cattlemen’s Beef Association welcomed the passage of two congressional resolutions that nullify the Biden administration’s Endangered Species Act listings of the lesser prairie chicken and northern long-eared bat. The U.S. Fish and Wildlife Service’s listing of these two species undermines on-the-ground, voluntary conservation work and hugely overextends the footprint of the federal government on cattle operations.

“The Biden administration’s listing of the lesser prairie chicken and northern long-eared bat create numerous challenges for cattle producers and fail to consider all of their critical conservation work,” said NCBA President Todd Wilkinson, a South Dakota cattle producer. “We appreciate Congress taking bipartisan, bicameral action to nullify these two listings and I thank the House for passing these two joint resolutions.”

S.J. Res. 9 would nullify the lesser prairie chicken listing. This listing is extremely concerning because it grants non-government third-parties the ability to review cattle producers’ grazing management plans. The lesser prairie chicken also only survives due to producers’ conservation investments, and this rule fails to consider how livestock production supports the birds’ habitat.

S.J. Res. 24 would nullify the northern long-eared bat listing. The northern long-eared bat is declining due to White Nose Syndrome, a naturally occurring disease that is not caused by human activity. This listing disrupts cattle producers’ ability to effectively manage their land.

Both resolutions have already passed the Senate and now go to the President for signature.

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