the community that i come from in southwest iowa, just 10,000 people in our county, many of them have faced the challenges of the economic downturn. since their peaks in 2012, corn prices have declined by 60% and soybean prices have declined by 47%. my neighbors are hurting, folks. farm income has nearly been cut in half since 2013. a lot of our producers are hurting, especially our young and beginning farmers who've gotten their start just in maybe the last ten years or so. but fortunately for our farmers, our ranchers, and our growers, tax relief is on its way. the tax cuts and jobs act will provide sweeping tax cuts for farmers and rural communities allowing our producers to keep more of those hard earned dollars. about 95% of farms are organized as pass-through business, such as sole proprietorships, partnerships, and s corps. these businesses are taxed under individual tax rules and will benefit from lower tax rates for every income bracket. on top of that, they will see significant relief through a new 20% deduction on pass-through business income. the law also provides relief f