The National Milk Producers Federation (NMPF) says “the status quo is not an acceptable outcome, either for farmers or taxpayers†and they will continue to push the 113th Congress for a five-year farm bill that includes the Dairy Security Act.
NMPF Senior VP of Communications Chris Galen says the dairy security act that was part of the farm bill legislation passed by the senate last year and included in the house bill would not only help the dairy industry but also reduce spending. “They had to find some offsets to pay for the extension of the dairy programs that were included in the fiscal cliff package,†said Galen, who notes that overall adoption of a new farm bill would save $20-30 billion.
Galen says dairy producers are pleased with what the fiscal cliff agreement included for estate taxes from returning at punitively high levels in 2013. “They did do something for the dairy industry and for the farm community on that issue,†he said. The package includes a 40% rate on estates valued at more than $5 million, up from the previous 35% rate, but far less than the 55% top rate on $1 million estates that was scheduled to become permanent.
By Cindy Zimmerman
http://www.wdexpo.org/2013/01/03/status-quo-not-acceptable-to-national-milk/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+WorldDairyDiary+%28World+Dairy+Diary%29
