With another downturn in cow numbers expected, the market outlook remains strong. North Dakota Stockmen’s Association President Jason Leiseth says that ramps up the focus on tax policy. “Capital gains tax, estate tax exemptions, Section 179 and accelerated depreciation and expensing; those things are all going to expire at the end of 2025 so we need to do the work to keep those exemptions in place.” Leiseth was part of the Cattle Industry Summer Business Meeting and said the chaos in Washington will likely influence all policy, including the farm bill.”It’s just unlikely that any of that is going to happen this year. We’re probably looking at another extension on the farm bill with the hopes of having something done maybe a year from now.”
