Nebraska ag experts advise farmers on key tax policy updates
LINCOLN, Neb. (KLKN) — Agriculture policy and financial uncertainty took center stage on Thursday’s webinar with the University of Nebraska-Lincoln Center for Agricultural Profitability.
Experts from the university and the Nebraska Farm Business Inc. walked producers through key tax policy updates.
A major topic was the Farmers’ Bride Assistance Program, under which $12 billion in tariffs was announced on Dec. 8 by President Donald Trump.
The money goes to U.S. farmers who have been struggling with low grain prices.
“$12 billion effectively to address trade losses and economic pressure,” said Brad Lubben, UNL Extension Ag Policy Specialist. “Certainly, we’ve been talking for months about the impact of trade conflict and the potential loss of market for U.S. ag products. That’s a primary driver of calls for additional assistance.”
He emphasized the importance of planning, especially as farmers continue to face volatile markets and tighter margins.
Lubben explained that the One Big Beautiful Bill Act extends incentives for beginning farmers.
“That window for beginning farmer incentive is being extended from 5 years to 10 years,” he said. “The 10% each point that goes to beginning farmers will be extended for another 5 years.”
