Issue Insights

Developed by the Tennessee Farm Bureau Public Policy Division, issue insights aim to further educate members and lawmakers on relevant and notable topics.

Stepping on Stepped-up Basis Has Big Consequences

Any change in capital gains tax policy that eliminates or scales back stepped-up basis could result in a massive tax burden on the agricultural sector according to new analysis by the American Soybean Association and the American Farm Bureau Federation.

Farm Bureau & Ag Industry Push to Enforce USMCA

27 leading food and agriculture associations have sent a letter communicating growing concerns over the rapid deterioration of the U.S.-Mexico trade relationship to Agriculture Secretary Thomas Vilsack and U.S. Trade Representative Katherine Tai.

What’s in the American Rescue Plan Act of 2021 for Agriculture?

In early March the Senate passed, on a party-line vote, the $1.9 trillion COVID-19 relief package (The American Rescue Plan Act of 2021). While much of the coverage of the legislation has focused on the $1,400 stimulus checks for qualifying individuals, extended unemployment benefits, a moratorium on evictions and foreclosures and increased assistance through USDA’s Supplemental Nutrition Assistance Program, there are several agricultural-related provisions.

Sustainability Markets

This article provides a primer on agriculture ecosystem credit markets. With so many emerging ideas and platforms, it’s important to explore how these markets are developing and operating, as well as who is behind them and why.

Reviewing U.S. Carbon Sequestration

The most recent data from the Environmental Protection Agency’s Greenhouse Gas Inventory Data Explorer reveals U.S. greenhouse gas emissions in 2018 totaled 6.7 billion metric tons in CO2 equivalents, up 2%, or 188 million metric tons, from the prior year (Agriculture’s Greenhouse Gas Emissions and Sinks).

Ask the Expert: Agriculture Risk Coverage and Price Loss Coverage Q&A with Dr. Joe...

In this Ask the Expert, Dr. Joe Outlaw answers a few questions about USDA’s Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs. Joe is a Regents Fellow, Professor and Extension Economist in the Texas A&M University’s Department of Agricultural Economics.

What’s in the New COVID-19 Relief Package for Agriculture?

After months of negotiations, Congress on Monday passed a $900 billion COVID-19 stimulus package with much-needed financial relief for agricultural producers.

Enhanced Coverage Option Provides Shallow Loss Coverage on Crop Insurance

USDA’s Risk Management Agency’s Enhanced Coverage Option (ECO) is a new federal crop insurance product available as an add-on to the underlying crop insurance policy for 31 spring-planted crops.

2020 Farm Profitability: A False Positive

USDA’s September 2020 farm income projections suggested net farm income would reach $103 billion this year, up 23% from the prior year and the highest level since 2013’s record high.

New Study Shows Impact to Ag Sector if Internal Combustion Engine is Banned

The Agricultural Retailers Association has released a study, Economic Impacts to U.S. Biofuels, Agriculture, and the Economy from Subsidized Electric Vehicle Penetration, that describes the economic impact to the American agriculture and biofuels industries by policy proposals to dictate demand to outright bans of the internal combustion engine.

China Could Be Looking to Import More Corn

China is on pace to import its largest amount of corn on record. If China decides to raise its low-tariff-rate quota on corn imports, it will import its largest amount on record.

USTR and USDA Release Report on Agricultural Trade between the United States and China

The Office of the U.S. Trade Representative (USTR) and the U.S. Department of Agriculture (USDA) issued a report highlighting the progress made to date in implementing the agricultural provisions in the U.S.-China Phase One Economic and Trade Agreement.