The Missouri House of Representatives passed a resolution Wednesday disapproving the Missouri Tax Commission’s recommendation of a five percent tax increase on some Missouri agriculture land.
The timing is bad for a tax increase for farmers, according to Mike Deering, executive vice-president of the Missouri Cattlemen’s Association.
“Feeder calves have lost 40 percent to 45 percent of their value since September,” Deering told Brownfield Ag News Wednesday, from his office in Columbia. “A 600-pound calf today will bring about $500 less than the same calf would have brought just a few months ago. And then given the floods and given the weather situation, it’s just not the time for a tax increase.”
The House resolution, sponsored by Republican Bill Reiboldt, passed 133-24. Deering says that indicates that state lawmakers feel it’s necessary to have farmers and ranchers concentrate on producing affordable food.
“You saw Republicans and Democrats from all walks of life throughout the state supporting this,” said Deering, “and so I think that we have succeeded in communicating the message to urban legislators how this could have an implication on consumers as well.”
The Missouri Tax Commission increased taxes on farm and ranch ground by five percent two years ago. That hike went into effect in 2015.
Senators Mike Parson and Will Kraus have filed a similar resolution in the Senate.
AUDIO: Mike Deering (3 min. MP3)