The future of American agriculture depends on whether or not beginning and expanding farmers can afford to purchase the land they need to run farm businesses. Because estate taxes influence the sale price of land, the tax can interfere with the orderly transfer of farmland to the next generation of farmers and ranchers.
Individuals, family partnerships or family corporations own 98 percent of our nation’s 2 million farms and ranches. Estate taxes threaten family owned farm and ranches and the livelihoods of families who make their living in production agriculture. It takes two and half years of farm returns for a moderate-sized farm operation to pay off the estate tax owed.
Senator Baucus (D-MT), Chair of the Senate Finance Committee, is pushing a proposal to make permanent the 2009 estate, gift, and generation skipping transfer tax laws going forward and index the exemption amount.
Congress will soon debate whether to keep the estate tax exemption at $3.5 million a person and the top rate at 45 percent. Farm Bureau needs your signature to demonstrate to Congress that estate taxes need to be eliminated.
Sign below to urge Congress to help protect American farms and farmers with estate tax reform.
Individuals, family partnerships or family corporations own 98 percent of our nation’s 2 million farms and ranches. Estate taxes threaten family owned farm and ranches and the livelihoods of families who make their living in production agriculture. It takes two and half years of farm returns for a moderate-sized farm operation to pay off the estate tax owed.
Senator Baucus (D-MT), Chair of the Senate Finance Committee, is pushing a proposal to make permanent the 2009 estate, gift, and generation skipping transfer tax laws going forward and index the exemption amount.
Congress will soon debate whether to keep the estate tax exemption at $3.5 million a person and the top rate at 45 percent. Farm Bureau needs your signature to demonstrate to Congress that estate taxes need to be eliminated.
Sign below to urge Congress to help protect American farms and farmers with estate tax reform.
The following are the issues the Farm Bureau has identified as being the
most relevant to our members:
- Bill Would Help Farmers, Communities in Bay WatershedJul 28, 2010 — Farm Bureau Newsroom
- Obama: ‘Our current energy policy is unsustainable’Jul 27, 2010 — USA Today
- Among House Democrats in Rust Belt, a sense of abandonment over energy billJul 26, 2010 — Washington Post
