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Most ag groups wanted a five-year farm bill instead of the extension we received as part of the fiscal cliff package. The Iowa Soybean Association is no exception, however ISA President Mark Jackson says there were a few noteworthy provisions, including a continuance of the 2008 farm bill’s Market Access Program and a permanent $5 million exemption/40% estate tax rate. Of course that’s to say nothing of the extension of the biodiesel tax credit.
