Farmers and ranchers are natural planners. From mapping out our daily to-do lists to strategizing next year’s planting, we are always thinking ahead. Preparation is fundamental to what we do, but with essential tax provisions set to expire this year, there is uncertainty we may not be able to plan around.

Many of the tax provisions in the 2017 Tax Cuts and Jobs Act helped farmers reinvest in their businesses and strengthen the farm’s financial stability. 

The critical tax provisions in­cluded reduced individual tax rates, a qualified business income...