FARM BUSINESS NEWS
Woodbury: Farm Family Business
Lance Woodbury DTN Farm Business Adviser
Fri Jan 4, 2013 03:14 PM CST

Call it the Great Giveaway. In large part due to the potential reduction in 2013 of the federal estate tax exemption amount (just over $5 million per individual) and the high value of farmland, many families rushed to complete sizeable gifts to their heirs in 2012.

It wasn't until New Year's Day that Congress kept the estate tax exemption as is and permanently indexed it for inflation. The tradeoff, however, was an increase in tax rates from the old 35% rate to 40% on any amounts above that limit. That's a big victory for agriculture, but it hasn't stopped farmland ...

Quick View
  • The New Dicamba At an event exhibiting the company's soon-to-arrive Dicamba-tolerant soybean trait, Monsanto repr...
  • Racing the Clock For Brian Marshall, the clock starts the minute a new calf hits the ground. Within the first four...
  • Hay Baling Safety Important Looking at it as a sporting event, mid-July is the halftime of the hay baling season in most of t...
  • "Easy Money Times Over" Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • Klinefelter: By the Numbers Peak prices since 2007 didn't slow megafarm consolidation. Mid-size operators may need to collabo...
  • Corn's Hidden Highways Scientists are rewriting the route to better hybrids.
  • Ask the Vet Before implanting heifers that will be bred, consult with a veterinarian to be sure fertility won...
Related News Stories
Taxlink by Andy Biebl
IRS Targets "Passive" Landowners
House OKs Business Tax Breaks
Taxlink by Andy Biebl
Ask the Taxman by Andy Biebl
Taxlink by Andy Biebl
Ask the Taxman by Andy Biebl
Taxlink by Andy Biebl