Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor

Friday 11/22/13

Tax Reform Could Get Nasty for Ag
Decades of favorable tax treatment for agriculture could crash to a halt if Congress gets serious about tax reform.[Read Full Blog Post]
Posted at 4:27PM CST 11/22/13 by Marcia Zarley Taylor | Post a Comment
Comments (3)
Correct me if I'm wrong please, but, this sounds to me like the large producers will be better off than the smaller producers under these new proposed tax laws...? I hate the idea of spreading the wealth, but I also dislike the sound of tax laws favoring very large farm operations.
Posted by RJZ Peterson at 2:08PM CST 11/25/13
Like kind exchanges. Another loop-hole for the rich. Removed a lot of pasture land from availability. Created gardens of eden for gophers and thistles with absent owners. The problem is government spending rather than government revenue.
Posted by Bonnie Dukowitz at 5:53AM CST 11/26/13
From a depreciation standpoint it looks like the big operations would loose with a one million dollar sec. 179 and the overrun possibly deducted from the grave (35 years on a combine!). Smaller operations would fit under the million dollar umbrella providing that's what we end up with. For like kind exchanges, no two people agree. Living close to the Cedar Rapids metro area, small landowners and large landowners alike get to use the exchange when urban annexes rural. The money those landowners get usually is exchanged for more land further from town and that benefits anyone with a for sale sign. Bottom line - more smoke and mirrors from BIG government.
Posted by Curt Zingula at 7:01AM CST 11/26/13
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