CALF_News_April_May_2021

31 CALF News • April | May 2021 • www.calfnews.net tions. The limit is currently $10 million and is in place until 2026. In March, the Death Tax Repeal Act of 2021 was introduced by Sen. John Thune (R-S.D.) and Reps. Sanford Bishop (D-Ga.) and Jason Smith (R-Mo.). “The estate tax disproportionately harms cattle producers because with few options to pay off tax liabilities, many farm and ranch families are forced to make tough choices at the time of death – and in worst-case scenarios, must sell off land to meet their federal tax burden,” NCBA President Bohn said. The bipartisanship of the bill is what NCBA is looking for, even if it means fist pumps with the AOCs and Book- ers. “Many of you may be shaking your head and asking, ‘What is NCBA doing?’ What we are doing is what we do best. We do it by making friends – but also by waging unrelenting battles with those across from us.” Get Vaccinated! Various educational sessions on cattle production and marketing, land manage- JOHNSON CONCRETE LIVESTOCK WATERERS THE BEST NAME IN CATTLE WATERERS www.JohnsonConcreteProducts.com Trusted by Livestock Owners Everywhere! JOHNSON CONCRETE LIVESTOCK WATERERS 109 East B Street Hastings, Neb. 68901 phone: (402) 463-1359 toll free: (800) 752-1670 Built with features to last, Johnson Waterers withstand punishing weather and prove to be dependable year after year. TOUGH, DEPENDABLE CONSTRUCTION  See us for all your water trough needs.  We are #1 in water trough parts and services. Designed for the most punishing environments, our livestock waterers stand the test of time and deliver performance unequaled in the ndustry. CATTLEFAX OUTLOOK Continued from page 27 ment and other topics were conducted during the Reboot convention (visit beef. org for information on how to access them). All will be covered in more detail August 10-12 when the official 2021 Cattle Industry Convention and NCBA Trade Show honkytonks into Nashville and Opryland. “If you haven't already – consider getting vaccinated – so we can all get together again,”Woodall urged. As for worries about the out-of-touch comments by Bill Gates, Texas Cattle Feeders Association recently noted that, besides his fake meat comments, Gates bragged about his foundation’s work in Africa to crossbreed cattle with elite U.S. beef lines, because they are so productive and the emissions per pound of beef are dramatically less. Nonetheless, his yammer on the U.S. switching to synthetic beef is nonsensi- cal. He’s taken enough of our money already.  Blach’s Long-Term Outlook With the cattle cycle over, the price lows were in 2020. Prices of all classes of cattle are due to go up. Food service will increase as pandemic worries subside. Plant-based proteins will continue to increase their market share, although gains are expected to be slow. Cow-calf producers and margin operators will see a significant improve- ment in profits. U.S. agriculture will play a major role in feeding a global population that is increasing by 83 million each year. Consumers will continue to demand information on their food, its source, sustainability and treatment of livestock. Blach emphasized the importance of price discovery in fed cattle. He expects increased technology and robotics in packing plants, which will slowly increase in number. CattleFax was optimistic in this year’s outlook. Let’s hope they’re on target. 