Farms.com Home   News

Farmers and Ranchers Are Stepping Up Opposition to the Estate Tax

The American Farm Bureau Federation was part of a letter to Congress expressing opposition to the estate tax. Dustin Sherer, director of government affairs for the American Farm Bureau, talks about what was in the letter.

"The Family Businesses Estate Tax Coalition, of which American Farm Bureau Federation is a member, sent a letter to Representatives Feenstra and Bishop, who plan on introducing the Death Tax Repeal Act in the House hopefully sometime in mid-January," Sherer said. "Farm Bureau has long been opposed to any type of estate tax, and this particular bill would take the estate tax completely off the books."

The large number of groups signed on to the letter, including those that represent a variety of business outside of agriculture, shows how important the issue is to the overall economy.

"It's very indicative of how important it is to small, privately held, family-owned businesses, farms, ranches," Sherer said. "The estate tax is oftentimes talked about only with reference to somebody with a farm or ranch trying to pass down a business from one generation to the next. But you apply those same principles to a family-owned small business that manufactures products or a family-owned construction company."

Click here to see more...

Trending Video

Taking Stock in a Farmer's Mental and Physical Health as Spring Arrives

Video: Taking Stock in a Farmer's Mental and Physical Health as Spring Arrives

Amanda Nigg, founder of Farm Fit Training, is back with us. We discuss the intersection of physical and mental health in agriculture. Four years into her mission, Amanda shares insights on how physical transformations can lead to improved mental well-being for farmers and ranchers. The conversation explores the challenges of rural fitness, the importance of community support, and how Farm Fit Training has evolved to meet the unique needs of agricultural professionals. Amanda also discusses her ambitious goal to impact 100,000 agriculturalists in the next four years while expanding her reach internationally.