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Missouri Ag News Headlines |
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Cattlemen Push to Minimize Tax Burden on Farm Families
Missouri Ag Connection - 12/13/2017
Missouri Cattlemen's Association (MCA) President-Elect Greg Buckman testified in Jefferson City at the Missouri Tax Commission's "Agricultural Land Productivity Hearing." The Commission is required by state statute to review farm and ranch productivity
values every two years and are tasked with deciding whether or not to recommend an increase to the tax rate.
Buckman stated that MCA accepted an increase four years ago and was a leader in defeating the recommended 5 percent increase just two years ago. The association is aggressively pushing for no increase in 2019-2020, despite the formula presented at the
hearing suggesting a 17 percent increase on crop ground and a 10 percent increase on pasture ground.
"I base my logic on reality and not on some formula created by state statute," said Buckman. "The reality is agriculture is the state's economic backbone - the single largest industry in the state. The beef cattle industry is a major player. The reality is Missouri
Agriculture is an 88 billion dollar industry and there is a lot of room for growth."
Buckman told the Commission that one way to expand Missouri agriculture is to minimize the tax burden, which consequently creates an environment conducive to growth and expansion. He also noted such action would send signals to existing operators and
beginning farmers and ranchers that Missouri is committed to advancing the state's number one industry.
MCA was joined by the Missouri Dairy Association; Missouri Corn Growers Association; Missouri Farm Bureau; and Missouri Pork Producers in testifying at the hearing. The Commission will convene on Dec, 20 to decide what it will recommend to
Missouri's General Assembly. Any recommendation by the Commission will be subject to an up or down vote by legislators and does not need the Governor's signature.
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