FARM BUSINESS NEWS
Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor
Tue Dec 18, 2012 12:32 PM CST

Farm families feel like they're playing estate tax roulette as the $5.12 million per person federal estate tax exemption is set to expire Jan. 1--and for good reason. Adding to the anxiety of where Congress will reset estate tax treatment is that superheated land markets have tripled the values of many Midwest farms since 2000--and suddenly trapped many landowners with million-dollar taxes on property they've owned for decades and never planned to sell.

Minneapolis CPAs Andy Biebl and Nick Houle of CliftonLarsonAllen, instructors at a DTN University "Pass It On!" farm estate planning course last week in Chicago, shared details ...

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