Beef Checkoff Under Scrutiny, Departments of Agriculture Examining Tax Code
- The United States Cattlemen’s Association is encouraging USDA to review and rewrite the Beef Checkoff.
USCA joins the National Farmers Union in calling on intervention by USDA. Secretary Vilsack said recently that it is under consideration. The support for USDA intervention comes after fallout with the Beef Checkoff Enhancement Working Group in which the National Farmers Union backed out of after three years of talks by the groups involved.
USCA President Jon Wooster issued a statement saying that, “the Secretary's actions are needed and timely and USCA looks forward to engaging with USDA and members of our industry in rewriting a new Beef Checkoff Order in a manner that addresses the needs and interests of all US cattle producers.”
- The National Association of State Departments of Agriculture has recommended to Congress that the Section 179 tax deduction level in the Internal Revenue Service code remain consistent with the 2010-2013 limit for small businesses.
Passed in 2002 as part of an economic stimulus package, Section 179 allows small businesses to deduct the entire cost of certain assets, such as equipment, machinery, business vehicles, computers and office furniture and equipment, in the year of purchase.