Representatives Devin Nunes (CA-21), Ron Kind (WI-03), Tom Cole (OK-03), Earl Blumenauer (OR-3), and Senators Debbie Stabenow (MI) and John Thune (SD) today announced the bi-cameral introduction of legislation that will provide a tax exemption for agricultural research.
The legislation introduced today seeks to spur the research and innovation necessary to double food production by 2050 when the global population is estimated to exceed 9 billion. In addition, it will help American farmers to survive in an increasingly regulated environment, which impacts agricultural emissions as well as the use of pesticides and fertilizers.
"The Charitable Agricultural Research Act will help not only create more opportunity for innovation in the short--term but will assure that public private partnerships are able to raise the money needed to respond to the constantly changing threats to agricultural production," said Rep. Nunes. "We need these investments now more than ever and our nation's tax laws should reflect that."
"Expanding agricultural research is critical to helping the industry meet the demands of a 21st century global economy," said Rep. Kind. "This bill provides an incentive for donations to ag research, creating an important new funding source and providing significant future benefits to innovation, production, and success in agriculture."
To encourage private donations, the Charitable Agricultural Research Act would authorize the creation of a new type of charitable, tax-exempt organization to allow private monies to fund agricultural research. Each "agricultural research organization' would work in conjunction with agricultural and land-grant colleges and universities to conduct research in the field of agriculture, complimenting existing public and private research.
The following organizations support the bill: Alliance of Western Milk Producers, American Farm Bureau Federation, American Sheep Industry Association, American Soybean Association, Biotechnology Industry Organization, California Apple Commission, California Association of Wheat Growers, California Blueberry Commission, California Cattlemen's Association, California Citrus Mutual, California Cotton Ginners and Growers Association, California Dairies, Inc., California Farm Bureau Federation, California Grape and Tree Fruit League, California League of Food Processors, California Olive Association, Olive Growers Council of California, California Poultry Federation, California Rice Commission, California Women for Agriculture, California Wool Growers Association, National Association of Wheat Growers, National Chicken Council, National Coalition for Food and Agricultural Research, National Corn Growers Association, National Cotton Council, National Grain and Feed Association, National Milk Producers Federation, National Turkey Federation, United Egg Producers, US Apple Association, USA Rice Federation, Western Growers Association, Western United Dairymen, California State University, Fresno, California Polytechnic State University San Luis Obispo, Michigan State University, Oklahoma State University, Oregon State University, Texas A&M University, University of California.