As we step into 2025, farmers face significant policy challenges and opportunities, says Chuck Connor, President and CEO of the National Council of Farmer Cooperatives. Speaking about federal agricultural policies, Connor emphasized the critical need for timely legislative action.
“By 2025, $4 trillion in tax deductions will expire unless Congress intervenes,” Connor stated. These include provisions crucial to farmers, such as estate tax relief, Section 199A deductions, and accelerated depreciation. “If Congress doesn’t act, farmers will face higher taxes at a very tough time,” he added.
Another key issue is the long-overdue Farm Bill. Connor, a veteran of nine Farm Bill negotiations, expressed optimism but urged swift action. “The differences in this Farm Bill are the narrowest I’ve ever seen. There’s no excuse for delay,” he remarked. The legislation could provide substantial support, particularly for row crop farmers, if finalized.
Connor also addressed trade policies and tariffs under the new administration, highlighting the uncertainty surrounding potential executive actions. “The first hundred days will likely bring significant tariff changes. These could disrupt agricultural trade,” he cautioned. Protecting existing markets while exploring new opportunities remains a priority for the council.
On climate and sustainability, Connor noted a potential shift in regulatory approaches. “The incoming administration may offer a longer runway for implementing sustainability policies, which could help farmers adapt,” he explained.
Farmers can rely on crop insurance as a critical risk management tool in 2025. “Despite budget pressures, crop insurance remains stable. However, disaster assistance will face tougher hurdles,” Connor warned.
Agricultural innovation and research also play a pivotal role. Connor praised the U.S. land-grant system, calling it a “competitive edge” that sets the nation apart. “We need to shore up this system, even if funding increases aren’t likely,” he stated.
Connor closed with advice for farmers: “Volatility is the new norm. Farmers must prepare for challenges while advocating for stable public policies.”
As farmers navigate uncertain times, Connor reaffirmed the council’s commitment to minimizing policy risks. “Our goal is to ensure public policy doesn’t add to the uncertainties farmers already face,” he concluded.
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