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SOUTH DAKOTA WEATHER

New farm bill brings lasting ag benefits

New farm bill brings lasting ag benefits


By Scout Nelson

South Dakota farmers and ranchers are seeing significant wins from new legislation that strengthens agriculture’s future. Backed by leaders like Senator Thune, this package includes long-term provisions aimed at empowering family farms and rural communities.

The tax relief measures are a key highlight. Estate tax exemptions will rise permanently to $15 million for individuals and $30 million for couples starting in 2026. The Section 199A deduction has been made permanent, allowing broader access and higher income limits. Bonus depreciation for farm equipment will return to 100% starting in 2025. Additionally, rural banks gain a tax advantage by excluding 25% of interest income on agricultural and rural property loans.

Enhancements to the farm safety net include stronger ARC/PLC program support, increased payment limits indexed for inflation, and extended eligibility for beginning farmers—up to 10 years of program access.

Conservation and energy programs are also getting a boost. Increased funding is heading to the EQIP and CSP programs, while the Clean Fuel Production Credit (45Z) has been extended through 2029 to support domestic biofuel production.

For global outreach, $285 million will be provided annually to expand agriculture trade opportunities and open new markets for U.S. commodities.

The reforms reflect a solid commitment to strengthening rural economies, protecting farm legacies, and expanding access to markets for future generations.

Photo Credit: istock-fangxianuo

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Categories: South Dakota

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