Not since the Tax Reform Act of 1986 has there been such a sweeping shift in agricultural economic and tax policy. The Inflation Reduction Act and the Omnibus Budget Reconciliation Act (commonly known as the “BBB”) present many more changes and opportunities, including those traditionally resevered for the so called Farm Bill.
KEY TOPICS COVERED IN THE WEBINAR / PODCAST
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RISK MANAGEMENT
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Expanded crop insurance programs
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Agricultural Risk Coverage / Price Loss Coverage program updates, expanded crop insurance, new payment rules for LLCs & S-Corps
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Forward contracting and other techniques
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TAX RELATED
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Permanent lower brackets & standard deduction
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Capital gains deferral on qualifying farmland sales
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Expanded SALT deduction cap through 2029
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Permanent 20% Qualified Business Income deduction for pass-through entities
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100% bonus depreciation & expanded Section 179 deductions Other
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ADDITIONAL OPPORTUNITIES
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Lower borrowing costs for certain ag-secured loans
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Incentives for investing in Rural Opportunity Zones
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Other
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CHANGING ECONOMIC FORECAST
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Global supply and demand shifts driven by new policies
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CLEAN ENERGY & RESEARCH
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Phase-out timelines for wind & solar credits
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Extensions to Clean Fuel Credits
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Retroactive deductions available for research & development expenses
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NEXT STEPS
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Be sure to register for the follow up year-end planning checklist webinar / podcast scheduled for November 5th, 2025.
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Replan 2025, 2026, and 2027
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