News about taxes
Four startup companies offering agricultural innovations have advanced to compete for a top prize of $100,000 in the 2027 Farm Bureau Ag Innovation Challenge.
The future is bright for the U.S. dairy industry for several reasons, including the opportunity for dairy exports.
Market conditions matter, but the policy and economic environment can shape how farmers view what comes next.
Gov. Mike Braun extended the suspension of the collection of gas use tax and gasoline excise tax through harvest season.
State officials nationwide are focusing on rising gas and diesel prices tied to the war in Iran, offering gas tax holidays and other measures to ease costs as affordability remains a top voter concern in the critical midterm elections.
While rural voters seem unlikely to support Democrats on a large scale, Trump and the Republican Party could face challenges with them in November.
Policy positions for Indiana Farm Bureau in 2027 will include stances on income taxes and data center development, as decided by 236 farmer and agribusiness delegates from across the state.
Even as the grain market rallies and crop revenues are projected to improve, increased production costs — especially higher fuel expenses — continue to keep major row crops below breakeven, reports Jim Henry.
The Internal Revenue Service has issued guidance on Section 45Z of the Clean Fuels Production Tax Credit, clarifying the tool and how it supports biofuel production.
Long-awaited actions by the U.S. Internal Revenue Service and Department of Energy to clarify the 45Z Clean Fuel Production Credits in support of domestic biofuel production were welcomed by commodity groups.
Illinois Farm Bureau President Philip Nelson has spent the months since his election meeting with members across the state.
As agriculture faces rising costs, tighter margins and increasing competition from non-farm uses, land-use decisions made today will shape whether the next generation of farmers and ranchers can enter, expand and keep working the land needed to support the U.S. farm economy.
The cost and commodity price squeeze continues as it nears time to plan for next year’s crop and correlating fertilizer strategy.
Building a farm takes a lifetime, but losing it can take one unfinished plan.
Canada has pledged to roll out “dollar-for-dollar” countertariffs on scores of U.S. goods in response to President Donald Trump’s latest import taxes, which have plunged the North American neighbors deeper into a bitter trade war.
A new study by the University of Illinois and the Illinois Soybean Association finds that Illinois farmers could see a revenue loss if the state banned glyphosate.
Gov. JB Pritzker’s career as a venture capitalist and philanthropist from Chicago seems far-removed from agriculture, yet they parallel one another, according to the two-term governor.
Running on a platform of affordability, safety and education, Republican gubernatorial candidate Darren Bailey gave his stance on issues during the recent Illinois Agricultural Legislative Roundtable.
Republican U.S. Senate candidate Don Tracy stressed the need for more certainty from Capitol Hill for farmers.
Illinois Soybean Association and Illinois Soybean Growers brought together members of the Mexican Consulate and Illinois General Assembly for a discussion highlighting the value of Illinois soybeans, strong trade relations and the impact Illinois farmers have across the world.
Proactive farm estate and succession planning ensures agricultural legacies survive across generations.
Sometimes shared goals outside of agriculture can lead to opportunities that we could never have imagined.
American oil and gas giants raked in massive spring profits while fighting between Iran and the United States impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages.
Alan Guebert experienced countless changes over his long career as an ag journalist, ranging from technology to news coverage.
Too many officials in the Trump administration and several farm-state Capitol Hill leaders believe that just saying something is true makes it true.
U.S. gas prices have climbed back above $4 a gallon nationally, driven by renewed military conflict and supply disruptions involving Iran and the Strait of Hormuz.
The economic value of food and agriculture — and the fact that so much of it remains within the United States — is essential not just for food security, but for long‑term economic stability.
The use of AI in agriculture has potential to enhance efficiency through precision agriculture, optimize resource use and improved production.
State and local officials held a ribbon-cutting ceremony marking the opening of Incobrasa Industries’ new facility that doubles its annual soybean processing capacity.
The farm economy is at a pivotal moment: If policymakers are not able to learn from the mistakes of the past, the past could repeat itself.
Payment rates and the enrollment period for the Assistance for Specialty Crops Farmers program have been set by the U.S. Department of Agriculture.
U.S. gasoline prices decreased an average of 49 cents a gallon in the last month as expectations rose for an end to the war with Iran. But they’re not falling fast enough for President Donald Trump.
Data centers create both economic opportunities and resource pressures, particularly around land, water and energy.
With a mandatory July 1 deadline for the trilateral joint review of the U.S.-Mexico-Canada Agreement approaching, an economic study detailed the trade pact’s overall impact on U.S. agriculture.
State lawmakers approved a $55.9 billion budget that included current-level funding for the Illinois Department of Agriculture.
Preparing for taxes and the transition of farming operations from one generation to the next is important for farm families.
As we see more solar fields dotting our rural landscape, it’s understandable to question if this is the best use of our productive Illinois land.
The National Cattlemen’s Beef Association’s Legislative Conference is where grassroots policy meets action.
For decades, farmers and ranchers have been begging antitrust officials for probes into concentrated industries like meatpacking, seed, fertilizer, machinery and grain merchandising.
Land in the Midwest is not just dirt. It’s legacy, livelihood and, increasingly, a line in the sand.
The Irish government survived a confidence vote over how it handled a week of disruptive fuel protests that blocked access to oil supplies, caused gas pumps to run dry and created massive traffic jams.
A bipartisan bill passed in 2022 to promote the use of higher biodiesel blends is making a significant impact once again in 2026.
According to the latest Feeding the Economy report, agriculture and food industries are a huge part of the U.S. economy.
For the past decade, farm profits have been highly volatile, making farm business planning difficult.
Charlie Meier is quick to point out that had it not been for his involvement with FFA and 4-H as a youngster, he would not be a state representative.
Whether you farm five acres or 5,000, you’re part of something bigger than your own farm. You’re helping support jobs, strengthen communities and power an economy that reaches every corner of this country.
The 2026 Indiana General Assembly wrapped up its work, which included some wins for agriculture, according to leaders at Indiana Farm Bureau.
Delegates to National Farmers Union’s 124th Anniversary Convention cast their ballots to unanimously reelect Rob Larew and Jeff Kippley as the organization’s president and vice president, respectively.
The annual Innovate and Grow Conference was held to provide education and networking for Indiana Farm Bureau members under age 40.
Did you know that farmers can donate land, grain or equipment directly to their local community foundation?