America’s farmers and ranchers work hard to produce the food, fiber and renewable fuel sources we all depend on and enjoy. Their work is noble yet challenging. Always operating in a world of uncertainty, there are no two days the same agriculture. Whether mending a broken fence, penning cows or balancing the books, farmers and ranchers have many responsibilities each day. They need a tax code that recognizes the work that they do and the unique challenges their businesses face.

Reducing effective tax rates is the most important tax...