Farm production expenditures skyrocketed to $318.7 billion in 2011. This is a 10.2 percent increase over 2010, according to the Farm Production Expenditures 2011 summary released Friday by the Agriculture Department’s National Agricultural Statistics Service.
The American Farm Bureau Federation said that a House proposal to extend the current farm bill for one year fails to move the nation any closer to securing a comprehensive, long-term farm bill and the organization would stand in opposition.
The American Farm Bureau Federation said it concurs with a Joint Economic Committee report that details the financial harm posed by estate taxes on family businesses. The JEC, a bipartisan committee composed of members from the House and Senate, issued its report, “Costs and Consequences of the Federal Estate Tax,” earlier today.
WASHINGTON, D.C., July 24, 2012—The American Farm Bureau Federation and a number of other farm groups today urged the House to vote yes for farm kids and farm families across America by supporting H.R. 4157, the Preserving America’s Family Farms Act. The House will debate and vote on the legislation later today.
The American Farm Bureau Federation today expressed appreciation for a series of emergency actions announced by Agriculture Secretary Tom Vilsack to provide much-needed assistance to America’s farm and ranch families suffering from the drought gripping much of the nation.