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North America

US Senate bill would ease financing for seafood farmers through proposed tax break

The bill would exempt interest income from farm and rural mortgage loans in small towns, allowing community banks to lower loan rates for borrowers

By Undercurrent News | April 1, 2025 16:52 BST
The US capitol. Credit: flysnowfly / Shutterstock
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US senator Jerry Moran (R-Kansas) has introduced a bill that would exempt interest earned on loans secured by rural or agricultural real estate from federal income tax, a move intended to lower financing costs for farmers, including those in aquaculture [...]

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