The Most Trusted Rural Property Professionals - ASFMRA


March 4, 2014

       Volume 6, Issue V

Legislative Action News
In This Issue
 
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July 14-18, 2014
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September 8-12, 2014
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Job Title: Farm, Ranch and Timber Asset Manager 
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Job Title: Appraiser
Position Location: Turlock


Job Title: Certified General Real Property Appraiser
Application Deadline Date: March 31, 2014
Position Location: NE Colorado

 

Get more information on these and other jobs on the ASFMRA Career Center. 

ASFMRA Lobbyists

Stephen Frerichs

ASFMRA Lobbyist, Stephen owns and operates his own consulting and lobbying firm, AgVantage, LLC in Alexandria, VA.

 

Bill Garber

ASFMRA/AI Lobbyist, Bill is the Director of Government and External Relations at the Appraisal Institute (AI) in Washington, DC.
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Welcome to the ASFMRA Legislative Action News. We hope you will find it a useful tool for staying up to date with legislative issues and critical information for rural property experts.
USDA Sees Plunging Income
By Roy C. Ferguson II, CMC/CAC -  USDA released its forecast for 2014 on February 11th containing observations that some contrarian economic and financial analysts have been contending since last April/May. Admittedly, USDA's economists must obviously be more cautious than private sector analysts to avoid sharp condemnation, but the prevailing rationale among most nongovernment sources until just early last month was "not to worry, U.S. grain prices are due to begin a rebound at almost any time." Continue reading.

 

 

Secretary Vilsack Outlines Farm Bill Implementation Timeframe   
Speaking at the annual Commodity Classic meeting in San Antonio last week, Secretary Vilsack gave a broad outline of how the Department will begin to implement various sections of the 2014 Farm Bill.  Implementation of livestock disaster programs has received top priority and the Secretary promised applications for assistance will begin on April 15th through the Farm Service Agency (FSA) county offices.  He did not indicate when payments would be made. Continue reading.

 

House Tax Reform Proposal Released 

Representative Dave Camp (R-MI), Chairman of the House Ways and Means Committee, released a discussion draft of the Tax Reform Act of 2014 last week. While not expected to get much traction this year, the proposal could be a starting point for possible tax reform in the next session of Congress. Overall the reform would seek to eliminate loopholes and deductions, lower overall rates and consolidate the number of tax brackets, while still bringing in roughly the same amount of revenue.  The proposal does repeal section 1031 land exchanges (Page 409, section 3133 of the draft). It would also eliminate biofuels tax credits along with oil and gas subsidies.

 

The draft can be found here.

 

A Section-by-Section description can be found here.

 

What do you think? Join the conversation on AgProLink.

 

 

Congressional Tax Proposals Would Cost Agriculture $4.8 Billion

AFBF - The Voice of Agriculture - WASHINGTON, D.C., February 20, 2014 - Proposed changes to the tax code restricting the use of cash accounting by agricultural operations would reduce agriculture's access to capital by as much as $12.1 billion over the next four years, according to a study released today by Kennedy and Coe, LLC and Farmers for Tax Fairness. Continue reading.  

 

What do you think? Join the conversation on AgProLink.

 

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New "Crop Insurance: Just the Facts" website explains 2014 farm bill changes

Farm Press Staff | Southeast Farm Press - How does the new farm bill affect crop insurance and farmers. The newly released version of "Crop Insurance: Just the Facts" website helps answers such questions, including major and minor policy changes, and includes introduction to new products like SCO and STAX. Continue reading on the Southeast Farm Press

 

Take a look at Crop Insurance - Just the Facts website. 

 

Technology, data privacy concern farmers and ranchers
FBNews - Feb. 13, 2014 -One of the most important issues related to "big data" goes directly to property rights and who owns and controls farm-level data that may be collected, the American Farm Bureau Federation told Congress earlier this week. Risks to privacy that farmers face are of great concern, according to Farm Bureau. Continue reading.

 

'Significantly different' farm bill will need education on provisions

Hembree Brandon | Delta Farm Press - The ink has hardly had time to dry on the finally-passed 2014 farm bill, but says John Anderson, farmers need to be spending time delving into its provisions and getting ducks in a row to comply with new, often complex rules.

 

"It's still early in the game, and a lot of regulations will have to be written and a lot of work will have to be done for implementation," he said at the annual Producer Advisory Council conference attended by farmers from across north Mississippi. Continue reading on the Delta Farm Press. 

 

Are there topics that you would like to see covered in the ASFMRA Legislative Action News? Do you have news sources that you think would be interesting to other ASFMRA Members?  Please let us know.

Sincerely,

Suzanne Gruba
American Society of Farm Managers & Rural Appraisers
The Most Trusted Rural Property Professionals

sgruba@asfmra.org  or reply to this email.

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