In preparation for reauthorizing the farm bill in 2023, I rise today to deliver the sixth installment of my farm bill impact series, where I am highlighting various aspects of the farm bill that deserve Congress' awareness and support. For this legislation to be effective, it must support the efforts of both today's farmers, ranchers, and agricultural producers, as well as those of the next generation. I had planned to get up on the floor today to talk about how America's hope for food security in the future lies on the shoulders of young Americans who are voluntarily bearing the burden of feeding, fueling, and clothing the world. I was going to talk about all the great programs and organizations that we have in this country for young people who are interested in agriculture. I was going to talk about the new Beginning Farmer and Rancher Development Program through USDA, and the importance of preserving the stepped-up basis in the Tax Code to ensure that family farms in America don't get taxed out of existence. Then President Biden's disastrous budget came out earlier this week. President Biden threatens the stepped-up basis yet again as we know it in the budget that he just released. If it becomes law, the food security and, therefore, national security of America hangs in the balance. Here is why the stepped-up basis exists and why it is so important.…
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