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Tax Priorities, Farm Bill Provisions Included In One Big Beautiful Bill

President Donald Trump signed the One Big Beautiful Bill into law July 4. The bill encompasses all of NCBA’s tax priorities and numerous farm bill provisions.

Tax priorities

  • Death tax: The bill increases the death tax exemption to $15 million per individual or $30 million per couple, adjusted annually for inflation. This means if the value of a farm or ranch plus equipment, cattle and other assets is less than $15 million individually or $30 million as a couple, the producer will pay no death tax. NCBA supports fully eliminating the death tax, but until then, this increased threshold is a huge victory for protecting more family farms and ranches than ever before.
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EXPLORE Frontenac Provincial Park Hiking Trails!

Video: EXPLORE Frontenac Provincial Park Hiking Trails!

Explore Frontenac Provincial Park hiking trails with The Wandering Shepherds as we leave Ewetopia Farms and sheep farming behind and take a long overdue break hiking through the beautiful forests, lakes, boardwalks, and cliffs of Doe Lake and Arab Gorge Trails in Sydenham, Ontario, Canada. This is how we, as sheep farmers, take a break and soak up the local scenes and nature in our area. Farmers can't leave their farms for long, so these little nearby hiking trails allow that escape from farm life for a few hours before we head back to our working sheep farm for evening chores.