A new piece of legislation aims to help preserve family-owned agricultural land. The Heritage Act would expand special-use valuation to reduce the estate tax value of farms and ranches.
Mike Vanmaanen, president of the Livestock Marketing Association, joins us Friday on the Market Day Report for a closer look at the legislation.
In his interview with RFDTV’s own Suzanne Alexander, Vanmaanen explained how the Death Tax impacts farm and ranch families, how the Heritage Act could help, the next steps for the bill, and some topics LMA will discuss at their conference in Omaha.
For more information, click here: Livestock Marketing Association
Related Stories
North Dakota Farmers Union (NDFU) President Mark Watne joined us Monday to share his perspective on the America First Trade Promotion Program and potential implications for producers.
Dividing up a family farming operation can be challenging, especially for children who may not want to become farmers themselves.
A booming butterfat market is good for some dairy products but threatens efficiency and margins for cheesemakers unless protein levels catch up
Duane Simpson, CEO of the National Council of Farmer Cooperatives (NCFC), joined us in Monday’s Market Day Report to share his perspective on the USDA’s plan and potential impact on producers.
Land values are increasing faster than farm income, making it more challenging for young and beginning farmers to expand, but supporting equity for current landowners.
