President Signs Stimulus Package: Farm Bureau Pleased

President Barack Obama traveled to Denver on Tuesday where he signed into law the massive economic stimulus package. The President of The American Farm Bureau Federation says his organization is pleased with the broadband, renewable energy and tax provisions contained in the stimulus package. Bob Stallman said - the 7.2-billion dollars allocated for broadband will help rural communities participate in our recovering economy, while modernizing rural education and healthcare.

Stallman also said it will allow farmers and ranchers to take advantage of technology to help them remain profitable and competitive. The tax incentives for renewable energy, particularly for new renewable fuels, will help build an industry that will provide farmers and ranchers with income and the rural economy with jobs and the Farm Bureau president added that the extension of both the small business expensing levels and bonus depreciation tax will help farmers and ranchers improve cash flow while aiding the economy by encouraging purchases of equipment.