On Tax Day, National Sorghum Producers applaud President Trump for delivering meaningful tax relief to farmers through the Working Families Tax Cut in the One Big Beautiful Bill Act.
The legislation strengthens the financial outlook for family farms by maintaining the 20 percent pass-through deduction, increasing the estate tax exemption to $15 million per individual and restoring 100 percent bonus depreciation for farm equipment. These provisions provide farmers with greater flexibility to invest in their operations, manage costs and plan for the future.
“Sorghum farmers appreciate President Trump’s leadership in advancing tax policies that support agriculture and rural communities,” said NSP Chair Amy France, a farmer from Scott City, Kan. “These updates help ensure family farms can keep more of what they earn, reinvest in their operations and pass their farms on to the next generation.”
As producers continue to face tight margins and rising input costs, these tax provisions offer timely support and reinforce the long-term viability of U.S. agriculture.
National Sorghum Producers has stated the organization will continue working to ensure farmers can fully utilize these updates and that they remain strong for generations to come.
Read more from National Sorghum Producers here.