Update from the
Indiana General Assembly
It's halftime at the Indiana General Assembly as the first part of the session wrapped up last week. After a short break, legislators will return on Monday to start the "second chamber" process with committee hearings on House bills in the Senate and Senate bills in the House. Even in a shortened week, the biennial budget bill continued to dominate the conversation at the statehouse once again.
HB 1001,the State Biennial Budget, was called on Third Reading on Monday. Chairman Tim Brown presented the bill, which places a strong emphasis on education, allocating 52% of the State's overall budget. The proposal includes a total of $273 million for K-12 education and directs an additional $10 million to the state's preschool pilot program for needy children. HB 1001 also sets aside $5 million for efforts to be undertaken by Jim McClelland, the state's first executive director for drug prevention, treatment and enforcement, and would give Indiana state troopers a pay raise. The allocation of additional funds within the budget bill relies on revenue generated from a $1 per-pack cigarette tax increase.
The $31.7 billion budget bill was passed on a 68-29 vote and now heads to the Senate where it will be heard and amended in the weeks to come. The final version of HB 1001 must be agreed to by both chambers before it is sent to Governor Eric Holcomb.
A full list of bills ACI is tracking can be found HERE. To review bill highlights and read an update on the Indiana Pesticide Review Board meeting last week, click HERE.
IRS May Ramp Up Farmer Audits
IRS has a new pilot program to audit farmer's tax returns. The primary focus of the program will be
50 2015 farmers income tax returns with high wage income and large Schedule F farm losses.
IRS auditors will be paying close attention to prepaid farm expenses. Doe the expenses actually qualify as prepaid farm expenses or is this really a deposit? Read more HERE.
Jeremy Barron, EPLP alum, of Kendallville, IN was recently honored by the American Farm Bureau Federation for graduating from the Partners in Advocacy Leadership program. Barron, who with his wife Lindsay operates Barron Farms, is a managing director for Cargill. Congratulations, Jeremy! Read more HERE.
ACI Board member, Jackson Umbarger, hosts ACI President, Amy Cornell, for a tour of Umbarger Show Feeds.
Weekly Washington Report - 3-6-17
Click HERE to access the full Washington Report featuring these important stories:
- Trump Speech Long on Presidential "Style," Short on Specifics, Ag Reference
- North Carolina Senate Staffer Named President's Special Assistant on Ag, Food, Trade
- Ross, Zinke, Perry Confirmed by Senate; No Word on Perdue Hearings
- Trump Takes Aim at WOTUS; Likely Rule Rewrite, Not Repeal
- House Ag Panel Continues to "Listen" on Farm Bill Issues; Conservation, Budget Big Topics
- RFS Reform Looks More Certain; White House Denies Icahn Connection
- New National Food Safety Strategy Needed: GAO
- Rail Exec Says Static Gas Tax Equals Trucking "Subsidy"
- Name New USDA Under Secretary for Trade, Foreign Agriculture, Groups Say
ACI ANNUAL BUSINESS MEETING
MARCH 30 - BECK'S CENTER
Please be ACI's guest for a bar-b-que dinner on Thursday, March 30, 2017 from 5:30 to 7:30 p.m. at the Beck Agricultural Center located at 4540 US 52 West in West Lafayette. ACI President, Amy Cornell, will update members on ACI's key priorities and programs, recognize retiring directors, and elect new board members. We will also be joined by
, a dynamic executive coach, who will share tips on unlocking the hidden motivation in your organization.
You won't want to miss this great networking opportunity for you and other ACI members. RSVP at email@example.com to reserve your place. See you on the 30th!
|ACI Board of Directors
Lowe's Pellets & Grain
IPFACA Past Chair
IGFA BOARD MEMBERS
J. P. Morgan Securities, LLC
Dr. Ken Foster
IPFACA BOARD MEMBERS
Crop Fertility Specialist
Roy Umbarger & Sons
Dr. Joe Anderson