NCBA on Taxes, Finding New Markets

The National Cattlemen’s Beef Association recently wrapped up its summer meeting where members renewed key policies that outline new priorities. Kent Bacus, executive director of government affairs, helps lead NCBA's Tax Committee and says much of the focus now is on implementing renewed.

“Congressional policies, particularly provisions from the 2017 tax cuts and Jobs Act. It definitely gives us a little bit of a breather, considering most of those are set to expire at the end of this year. So really, this was the discussion of, how can we get this information out to the countryside, and, you know, educate people on what they're going to need to know going into the 2026, tax year, and what, what can they take advantage of now, because you do have a lot of producers that, you know, cattle prices have been good, and you need to, you need to have those discussions with your tax preparer, with with your families, about, How do you want to invest what you have now? Otherwise, Uncle Sam is going to take as much of it from you as possible.”

Another topic was looking for new market opportunities and stronger trade relationships.

“People were very excited about the access that's being secured with the United Kingdom, but really we have focused a lot of efforts on holding other trade partners accountable.”

Bacus says there are a lot of questions on how Trump policies will progress.