OBBBA: Key Cotton Farm Bill Improvements

CPE: 1 Credit Hour
Field of Study: Taxes

Join us for a 60-minute Zoom that takes you inside the latest cotton policy changes in the One Big Beautiful Bill Act (OBBBA) and the safety net enhancements the bill makes for cotton producers.

Learning Objectives

• To understand fully the improvements on ARC/PLC for cotton producers
• To give the listeners an idea of how the new base acres provision works for producers.
• For the participants to grasp the crop improvements for cotton growers
• To give the audience an in-depth perspective regarding the marketing loan changes for cotton and the flexibility it provides

Presenter and Moderator Bios

Presenter: Tas Smith, Vice President, Producer Affairs, National Cotton Council of America

Tas Smith joined the National Cotton Council (NCC) in November 2019 and was recently named the Vice President of Producer Affairs at the council's 2021 annual meeting. Tas works with the American Cotton Producers and the NCC's grower membership to implement policies that enhance the viability and long-term sustainability of the producer segment of the industry. Tas previously served as the State Executive Director in Georgia for the USDA's Farm Service Agency. Prior to that, Tas worked for the Georgia Farm Bureau, most recently serving as the Assistant Director for Legislative Affairs.

A graduate of Valdosta (GA) State University, he currently resides in Arlington, TN with his wife, Stephanie, and their two teenage children.

Moderator: Wayne Sine, CPA, MBA, Education Director, National Society of Accountant for Cooperatives

After retiring as Tax Director of a regional supply cooperative on the East Coast, Wayne Sine was asked to serve as Education Director for NSAC. As an active and long-term member of NSAC, Wayne previously served as Chair of NSAC’s Tax Committee, President of the Atlantic Chapter, and was a recipient of NSAC’s Silver Bowl Award. In addition to his work with NSAC, Wayne has also served on the Legal, Tax, and Accounting (LTA) Committee of the National Council of Farmer Cooperatives, Chaired the Tax Committees for both the Virginia Chamber of Commerce and the Virginia Manufacturers Association, served on the Tax Policy Committee of the Virginia Society of CPAs, and served as Region Vice President for Tax Executives Institute.