The Ritzville Adams County Journal - Eastern Adams County's Only Independent Voice Since 1887

By Pam Lewison
Washington Policy Center 

Proposals to impose a B&O tax increase on food production will reduce farm incomes

 

Last updated 1/14/2021 at 8:52am



Key findings include:

1. Farmers and ranchers have been negatively affected by the lockdowns, despite being deemed essential services. Median farm households in Washington lost $821 in 2019.

2. Washington farms generate $10.2 billion for our economy.

3. To earn a 20 percent profit margin, farms must earn more than $5 million annually. Only 324 farms in Washington did that in 2017.

4. When lawmakers increase taxes on farmers and ranchers, the immediate effect is a reduction in farm income that is borne entirely by farm families and their employees.

5. Farmers cannot demand an increase of com...



For access to this article please sign in or subscribe.

 

Reader Comments(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2021

Rendered 06/15/2021 05:34