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
  • Xtend Moves Forward USDA has issued its final environmental impact statement recommending full deregulation of Monsan...
  • Land Market What could the next year hold for land values?
  • No Agreement on Tax Extenders White House spokesman Josh Earnest on Monday said in his daily briefing that the White House woul...
  • Senior Partners - 4 At-your-service consultants help you walk through estate planning from start to finish.
  • Dow's Gutsy Decision Dow's decision to launch Enlist offers some hand-selected growers a chance to test drive new tech...
  • Congress Reaches Funding Deal The overall Agriculture Department and related agencies bill would cost $20.5 billion for fiscal ...
  • Need To Bee Accurate A news story had the wires buzzing Tuesday afternoon after a report that EPA was set to restrict ...
  • Kub's Den The Dakotas lost more than $130 million in grain revenue during the 2013-14 marketing year compar...
  • Ask the Vet What can I do to improve udder quality in my herd?
Related News Stories
Year-End Tax Panic
Barge Tax Faces House Vote
Taxlink by Andy Biebl
Tax Extenders Talk Heats Up
Taxlink by Andy Biebl
Ask the Taxman by Andy Biebl
Landowner Wins Landmark Case
Taxlink by Andy Biebl
A Valuable Transition Tool
Ask the Taxman by Andy Biebl