State Legislature

Missouri Senate Ag chair says tax bill on fast track

The chairman of the Missouri Senate Ag Committee tells Brownfield the House-approved bill to halt an increase in property taxes for ag land will get quick attention in the Senate.  Senator Brian Munzlinger says a five-percent increase for ag land just went through. He tells Brownfield Ag News, “Our producers and landowners just paid it this December. And, now they’re wanting to put another five percent on us just back to back. With all the disasters we’ve had – the floods and all those issues – this year was not a really good year for agriculture in Missouri.”

Munzlinger says there are good years and bad years in agriculture. Whether farmers and ranchers can sustain another increase in the future, he tells Brownfield, will depend on the State Tax Commission which bases its recommendations on those of the University of Missouri’s Food and Agricultural Policy Research Institute, or FAPRI.  Munzlinger tells Brownfield, “You know, they can only look in a 15-year rear view mirror. Which – I like to look ahead and things don’t look that good with prices of crops being half of what they’ve been and the price of the cattle are in a quite a slump right now, too.”

Munzlinger says the bill blocking the tax increase will be assigned to a committee today – and he expects it will pass the Senate. The House passed the measure Wednesday.

 

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