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13.07.2024 - 08:32 / modernfarmer.com / Dan Nosowitz
Last week, the Biden administration released its first annual budget proposal.
The proposal for 2022, totaling some $6 trillion, is a sweeping effort to improve the country’s infrastructure, social services and response to climate change. Seeing as how those improvements are all tied up in food and agriculture, let’s take a look at how the food industry could be affected by this proposal.
First things first: this is a massive proposal and even with effective majorities for the Democratic Party in Congress, the Biden administration would still have to pass two huge infrastructure bills (the American Jobs Plan and American Families Plan). Chris Clayton at DTN Progressive Farmer notes that these bills would involve raising the capital gains tax and capping what’s called the “stepped-up basis” for heirs. Basically, as things stand now, if you inherit something that gained in value during the time the person you inherit it from owned it, that thing is taxed at its current value, not the value it was purchased at. This allows heirs to sell, just for example, farmland that was purchased at a low price and which is now worth much more, and escape having to pay much, or anything, in the way of taxes from the sale. Biden’s proposal would only affect those heirs who inherited stuff worth more than $1 million, but farmland is worth an awful lot of money and some farm groups are very worried about having to pay taxes to sell these valuable properties.
On the other hand, according to an analysis from the University of Pennsylvania, that cap could net the government revenue of around $113 billion, which can be used for all kinds of programs.
As far as the USDA is concerned, the proposal would reduce mandatory spending compared to
Deadheading your hydrangea blooms can help your plant use its energy to produce more flowers and new growth. This is why it is essential to know how to do it the right way, which is what this article is about.
Has this ever happened to you? You purchase a gorgeous hanging basket overflowing with colorful blooms in late May, only to find that come midsummer it’s looking a bit... droopy and sad, with far too many leaves and not enough flowers? There are many reasons why a hanging basket might not be performing as well as it did earlier in the season, as they have several needs that should be met on a consistent basis. Typically, hanging baskets are made up of annuals or tender perennials. In the confines of such small containers as hanging baskets, these plants are much more demanding than they would be in a larger container or in the ground. But never fear: as long as you provide them with the right amount of sunlight, water, fertilizer, and pruning in the form of deadheading and pinching, you have the greatest chance possible to keep your basket a blooming powerhouse until the first frost. But first, you have to start with the most ideal plant material possible.
Autumn is a key time in a gardener's calendar. It's the time of year when you plan ahead for the following year with flower bulb planting and sort out some garden maintenance after the summer. Here are some top tips to help you get ready for autumn:
Foot care is crucial in managing diabetes and greatly affects our overall health and well-being. Almost 50 percent of people living with diabetes do not have any symptoms of neuropathy in their feet. This means that they are living with neuropathy and the effects of it without even noticing. Although different types of diabetic neuropathy can affect people who have diabetes, research suggests that up to one-half of people with diabetes have peripheral neuropathy. More than 30 percent of people with diabetes have autonomic neuropathy.
One major pro of a pint-sized bathroom is that it is typically fairly affordable to give it a facelift.
Tips for Growing Mint Mint is an excellent addition to any cocktail garden! Learn the secrets for growing this classic herb and how to keep it from taking over your garden. Add mint to your cocktail garden!
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Southerners love their gardening and landscaping, but if you really want to make your outside space feel welcoming and ideal for entertaining, it's time to figure out a hardscape plan. Unlike landscape which refers to the living elements like grass, trees, and flowers in your outdoor design, hardscape is the «non-living» elements like concrete, stone, and more.
Aldi; Design: Better Homes & Gardens
Aldi; Design: Better Homes & Gardens