From the National Association of Wheat Growers
Last night, Pres. Joseph Biden delivered his remarks before a Joint Session of Congress. National Association of Wheat growers (NAWG) CEO Chandler Goule provided the following statement in response:
“While the president addressed many issues of importance to the American people, we are eager to hear more about agricultural-related policies, specifically how we can improve farm program delivery and advance a trade agenda that ensures a level playing field for wheat growers. However, what our farmers saw in Pres. Biden’s American Families Plan earlier includes changes in the stepped-up basis, which raised a lot of questions in wheat country.
“We understand the American Families Plan’s goal is to target the ultra-wealthy and corporations who are able to evade taxes. However, farmers have several concerns about how changes to stepped-up basis and higher capital gains taxes on inherited assets could negatively impact families looking to pass along the farm to the next generation. Although the president’s plan says these reforms will be designed with protection in mind for family-owned businesses and farms, we want more details about how this would be achieved.
“The new administration plans to address climate-related issues by implementing environmentally friendly practices. Last week, NAWG launched the new Special Climate and Sustainability Committee. The committee will work together to review wheat sustainable practices that benefit farmers in diverse climates and guide the development of NAWG policy priorities on climate policy. With the committee’s recommendations, NAWG will continue to work with Congress to educate the Hill on the progressive and sustainable tactics farmers practice every day.
“As the administration considers a new approach on the world stage, let’s make sure that we continue to work on trade deals that develop, maintain, and expand international markets that keep American wheat producers in a strong position.
“NAWG looks forward to continuing to work with the administration on ways to improve the livelihood of the American wheat farmer.”