Cattlemen Relieved by Court Decision to Halt Corporate Transparency Act

Dec 06, 2024

Today, the National Cattlemen’s Beef Association (NCBA) hailed the issuance of a nationwide preliminary injunction blocking the Corporate Transparency Act from being enforced on January 1, 2025. This ruling from the U.S. District Court for the Eastern District of Texas protects millions of family farmers and ranchers from onerous reporting requirements imposed by the Financial Crimes Enforcement Network (FinCEN), a division of the U.S. Department of the Treasury.

“The Corporate Transparency Act requires millions of family farmers and ranchers to file complex paperwork and disclose beneficial ownership information with the federal government under penalty of severe fines and jailtime,” said NCBA Executive Director of Government Affairs Kent Bacus. “Across the country, cattle producers are relieved that this mandate is on hold while the law is being considered by the courts. NCBA will continue working with Congress to provide a permanent fix to the Corporate Transparency Act that protects family farmers and ranchers.”

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Video: Season 7, Episode 2: From Data to Decisions in Swine Production

Data can provide a clear picture of trends and performance across a swine farm, but its greatest value comes from putting those insights into action. In this episode, Dr. Edison Magalhães, assistant professor in the department of animal science at Iowa State University, discusses how producers can leverage data to make informed decisions that improve herd performance from birth to market. He highlights the challenges of siloed data across different teams, the impact those gaps can have on performance and the importance of integrating data to gain a more complete picture of herd health and productivity. He also explains the PROSPER (Predictors of Swine Performance) tool, which combines data from multiple sources to help producers better understand herd performance.