Tax Proposals Put Future of American Farms at Risk

The American Farm Bureau Federation, along with 46 state Farm Bureaus including the Montana Farm Bureau Federation, and 280 organizations representing family-owned agribusinesses, sent a letter today to congressional leaders urging them to leave important tax policies in place as they draft legislation implementing President Biden’s “Build Back Better” agenda. The letter addresses four key tax provisions that make it possible for farmers and ranchers to survive and pass their businesses on to the next generation: estate taxes, stepped-up basis, 199A small business deduction and like-kind excha...