Income averaging allows farmers to ride out these unpredictable circumstances by spreading out their income over a period of years. Due to interaction with the AMT, many farmers have been unfairly denied the benefits of income averaging. This bill will ensure that farmers are not disqualified from using income averaging due to the AMT calculation. Farmers will still pay taxes but will also have access to this important tool designed to alleviate the inevitable ups and downs of the agricultural economy. Regulatory Relief for Farmers.
Farmers are the best stewards of America's natural resources.
Ironically, they have become victims of some of the most onerous regulations promulgated by the Environmental Protection Agency. The Rural America Prosperity Act mandates that the General Accounting Office assess the overall cost of complying with Federal regulations and recommend reasonable alternatives to these regulations at less cost to farmers, ranchers and foresters. Trade Reform for Farmers. Presidential Fast Track Authority American agricultural prosperity depends on the opening of foreign markets. The United States simply cannot consume all that it produces.