A Texas A&M study shows that farmers would stand to lose a lot under the Biden administration’s tax proposal. The possibility has left many producers anxious about the future of the family farm. Tennessee Farm Bureau shares the story of one farmer who hopes to pass on the legacy.
Related:
Texas A&M study finds tax proposal would raise taxes for 98% of farms
“If you sell off our assets then there is nothing left for us to use to make a living”
Change to the tax code could be the death of multi-generational farms
Missouri Farm Bureau: death should not be a taxable event
Vilsack to speak with Treasury Secretary on importance of stepped-up basis