LIVESTOCK NEWS
Sacred Cows Targeted
Marcia Zarley Taylor DTN Executive Editor
Mon Feb 24, 2014 12:53 PM CST

HADDONFIELD, N.J. (DTN) -- Some of agriculture's most valued sacred cows could fall victim to tax reform legislation about to be debated in Congress.

Cash accounting -- a time-honored method small businesses use to ease their taxes on income they have yet to receive -- could be severely restricted, as well as depreciation schedules on farm equipment and buildings and the use of 1031 tax-deferred exchanges on real estate.

While the objective of such legislation is to simplify the U.S. tax code for the first time since the 1980s, small business owners worry that they may end up footing the ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Ample Stocks Ahead Drought recovery in many areas has led to higher stocks, brighter production prospects and modera...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Klinefelter: By the Numbers Deteriorating profit margins flip the fortunes of big renters and conservative owner-operators. I...
  • Training for Sustainability The Hmong American Farmers Association is helping producers who migrated to the United States fol...
  • Ask the Vet What are these crusty scabs on my cattle?
Related News Stories
DTN Weekly Distillers Grains Update
Ask the Vet
Rethink Grazing
Ample Stocks Ahead
Feedlot Trends
DTN Weekly Distillers Grains Update
Ask the Vet
Drop Values
Tyson Permanently Closes Denison Plant
The Market's Fine Print