One Big Beautiful Win for America’s Farmers and Taxpayers

Originally published by Townhall

This piece was co-authored by Kentucky Commissioner of Agriculture Jonathan Shell

While farmers and ranchers might be America’s backbone, their fate is too often decided by the D.C. Swamp, and not by their neighbors in America’s Breadbasket. On July 4, 2025, President Trump signed into law the One Big Beautiful Bill (OBBB), the largest U.S. middle- and working-class tax cuts in history. While the OBBB ultimately benefits all Americans, it will have a profound impact on farmers, ranchers, and rural communities, thereby laying the foundation for a new era of rural prosperity.

In short, the new law recognizes that America’s farmers and ranchers are more than food producers. They are economic drivers, land stewards, and guardians of national food security. In total, the OBBB is estimated to provide $10 billion in tax cuts to farmers, through measures that are straightforward, economically sound, and transformative. Many of these provisions are permanent, offering the long-term certainty and security that rural Americans value most.

One of the law’s most consequential reforms for agriculture is the permanent increase in the federal death tax exemption from $14 million to $15 million. Such changes will protect generational family farms and ranches from being lost to excessive tax burdens, as farm families no longer have to fear the reduction’s lapse, which was slated to drop to $7 million in 2026.

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