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Farm Bureau Opposes Proposals to Eliminate Stepped-Up Basis and Impose Capital Gains Taxes at Death

Farm Bureau Opposes Proposals to Eliminate Stepped-Up Basis and Impose Capital Gains Taxes at Death

American Farm Bureau Federation President Zippy Duvall today commented on the recent proposals by several lawmakers to tax unrealized capital gains at death and roll back the stepped-up basis on those capital gains.

“Taxing capital gains when a loved one passes away would have a devastating impact on farm and ranch families, even more so if the stepped-up basis tool is taken out of the toolbox. Stepped-up basis encourages families to grow their businesses and pass them on to another generation, and elimination could force those families to sell their farms just to pay the taxes.

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Secure Pork Supply Plan | Prepare to Protect Your Herd | U.S. Pork Producers

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Join Jill Brokaw, a third-generation pig farmer, as she dives into the vital role of the Secure Pork Supply (SPS) Plan in preparing the U.S. pork industry for potential foreign animal disease outbreaks. This video is an essential watch for pork producers who are looking to safeguard their operations against the threats of diseases like foot and mouth disease, classical swine fever, and African swine fever. Why Should Pork Producers Care? An outbreak of foreign animal diseases in the U.S. could lead to severe restrictions and potentially result in industry-wide financial losses estimated between $15 to $100 billion. The SPS Plan is a collective effort to prevent such catastrophic outcomes by enhancing biosecurity, ensuring animal traceability, and promoting effective disease monitoring.