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
Texas Commissioner of Agriculture Sid Miller joined us to discuss data center expansion, farmland preservation, rural economic impacts, and imminent cattle biosecurity concerns affecting agriculture today.
National Corn Growers Association Chief Economist Krista Swanson discusses corn supply pressures, market fundamentals, policy considerations, and producer outlook for the year ahead.
Soft equipment sales signal cautious farm spending as producers prioritize cash flow over expansion.
Wind repowering offers a rare opportunity to renegotiate outdated leases and improve long-term land income for landowners who act early.
Rep. Erin Houchin of Indiana discusses how the Affordable Homes Act will benefit rural communities, and her broader efforts to improve access to affordable housing.
Iowa Secretary of Agriculture Mike Naig discusses market conditions, policy priorities, and his outlook for agriculture moving forward.
