John Thune

Agriculture Risk Coverage gets makeover in new legislation

· April 27, 2018

This week U.S. Sens. John Thune (R-S.D.) and Sherrod Brown (D-Ohio) unveiled bipartisan legislation to improve the Agriculture Risk Coverage program.  The Agriculture Risk Coverage (ARC) Improvement and Innovation Act would improve the current ARC program by modifying the payment calculation and other parts of the program to improve its safety net potential. Currently, no […]

steel

Is President Trump open to rejoining TPP?

· April 13, 2018

On Thursday, President Donald Trump ordered administration officials to take another look at the Trans-Pacific Partnership, aka the TPP. According to the Washington Post, Trump gave the new orders to U.S. Trade Representative Robert E. Lighthizer and National Economic Council Director Larry Kudlow during a White House meeting with lawmakers and governors. The President even […]

Tax bill on the mend after private grain companies get shut out

· January 12, 2018

Not everyone was pleased with the new tax reform bill in agriculture. Ethanol producers and private grain companies are now saying the elimination of the Section 199 deduction is nudging them out of competition with farmer owned cooperatives. Under the new tax law, farmers and ranchers can claim a 20 percent deduction on all payments […]

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