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Message Subject Last minute tips for parents when the SHTF
Poster Handle Anonymous Coward
Post Content
Farmers' and Inheritance Taxes

Many folks don't realize it, but laws have changed for farmers and their families. They're rich on paper since they own large tracts of land, but we all know that most farmers don't make much money. In fact recently they're lost quite a bit of money due to the drought. It's hard enough to hang on since it's such a gamble with weather and competition from other countries, but now we really screwing around with any chance that a farmer upon their death could pass along the farm to their families.

Fewer and fewer young people desire this kind of life because it's so difficult and demanding, and yet we pull this stunt to ruin the chances of the few that remain? It's nonsensical.

Since corporations are not likely to sell their farm property since it's appreciating, and corporate farms make up the bulk of farming in the USA, then really you're actually accelerating the transfer from private farming to corporate farming.

It doesn't bode well for food security whatsoever, and destroys wealth.
[link to usatoday30.usatoday.com]
 
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