When the federal government shut down on October 1, the U.S. Department of Agriculture (USDA) suspended most regular operations across its agencies and began operating on a very limited basis.
Update: H.R. 5371 reauthorized CRP through September 2026.
On December 21, 2024, President Biden signed into law the American Relief Act of 2025, P.L. 118-158, which—in addition to extending the Farm Bill—allocated $30.78 billion to the USDA for farm relief.
On July 4, 2025, the President signed H.R. 1, the One Big Beautiful Bill Act into law. In addition to its many other sections, this so-called “mega bill” enacts many provisions typically authorized and funded through a farm bill.
On July 4, 2025, H.R. 1, the One Big Beautiful Bill Act, became law. This 887-page Act impacts taxes, agriculture, transportation, education, homeland security, armed services, energy, financial services, immigration, natural resources, and more.
Iowa's 2025 legislative session ended on May 15, 2025. Below is a summary of legislative activity of interest to farmers and rural landowners. While most bills will be effective July 1, 2025, several have already gone into effect.
On May 22, 2025, the House of Representatives passed H.R. 1, the One Big Beautiful Bill Act, by a vote of 215-214.
Early on May 22, 2025, the House of Representatives passed H.R. 1, the One Big Beautiful Bill Act, by a vote of 215-214.
The New Producer Economic Security Act [1] (H.R.2536, S.1237) was introduced in both the U.S. House and Senate on April 1, 2025.
With the initial filing deadlines behind us for filing our federal income tax returns, I turn today to a common question we receive at the Center. Has anything changed with respect to reporting CRP income?
When the IRS issued guidance for the employee retention credit (ERC), it instructed taxpayers to reduce the wage expense on their business tax returns at the time they claimed the credit. See IRS Notice 2021-20.
Update: On June 4, 2025, USDA updated its guidance on the gross income calcluation.This updated guidance resolves the inconsistencies addressed below.
To help you stay abreast of the ever-changing status of the Corporate Transparency Act's beneficial ownership information reporting requirements, we're providing a timeline. Stay tuned for further updates!
March 21, 2025
In recent months, I have received many questions from farmers and their advisors about the so-called “residual fertility” deduction.
On January 15, 2025, USDA issued long-awaited technical guidance to allow farmers to quantify the greenhouse gas emissions associated with corn, soybeans, and sorghum grown using climate smart agriculture (CSA) practices.
Update: On March 21, 2025, the Department of Treasury issued an interim final rule, narrowing the application of beneficial ownership information reporting requirements to "foreign reporting companies" only.
As the 119th Congress gets to work, members of the new Republican majority have discussed many issues, including border security, increasing the debt ceiling, funding the government beyond March 14, 2025, scaling back Inflation Reducation Act prov
The 2018 Farm Bill (Agricultural Improvement Act of 2018) has been temporarily revived. On December 21, 2024, Congress enacted the American Relief Act of 2025, P.L.
12/31/2024 Update:
Recent hurricanes have caused widespread destruction to farms throughout the southeast resulting in damage and destruction of assets and loss of income.
