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
Ranger Road Fire has burned 283,000 acres across Kansas and the Oklahoma Panhandle and is nearing containment, as ranchers begin assessing cattle and infrastructure losses as they look toward recovery.
Agriculture avoided major disruptions, but trade uncertainty remains elevated.
The debate now matters as much as the policy — market rules and regulatory clarity depend on whether Congress can finish the bill this year.
The long-term viability of a ranching operation often hinges on how effectively its owners navigate the overlapping layers of IRS regulations, state tax incentives, and USDA disaster programs.
Iowa farmer Derek Hommer joined us to discuss grain bin safety, ongoing prevention efforts, and the importance of community preparedness during Nationwide’s Grain Bin Safety Week.
New details on the massive wildfire threatening farms and ranches in the Southern Plains.
