Home » NEWS » Agribusiness » Cochran 'hopeful' that committee will advance ag research bill

Cochran 'hopeful' that committee will advance ag research bill

WASHINGTON — U.S. Sen. Thad Cochran (R-Miss.), ranking Republican on the Senate Agriculture, Nutrition and Forestry Committee, is hopeful legislation to allow tax-exempt donations to advance agriculture research will be acted on during this Congress.

Cochran is a primary cosponsor of the Charitable Agricultural Research Act (S.1280), bipartisan legislation introduced by Agriculture Committee Chairwoman Debbie Stabenow (D-Mich.) to amend the federal tax code to authorize the creation of new charitable, tax-exempt agricultural research organizations (AROs) dedicated to supporting breakthroughs in food and agriculture production. The bill has been referred to the Senate Finance Committee.

“This legislation would create opportunities to move agriculture research beyond industry-only or government-funded research by using the potential of our universities to improve American agriculture production and practices. I am hopeful that as the Finance Committee looks at tax-related legislation that this bipartisan measure will be considered,” said Cochran, who supported similar legislation in the 112th Congress.

Modeled after the medical research organization program, AROs would partner private entities and universities funded through by tax-exempt donations. The AROs would conduct agriculture research in conjunction with agricultural and land-grant colleges and universities, and complement existing public and private research into improving agriculture production and practices.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About MBJ Staff

Leave a Reply

Your email address will not be published. Required fields are marked *

*