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
  • Enlist Cotton Approved USDA has made its final decision to deregulate Dow AgroScience's Enlist cotton trait, which means...
  • Market Moves Weaning and preconditioning top the list of aggravating and expensive chores for most ranchers. C...
  • Ask The Mechanic Ask the Mechanic answers the question about how VW and German engineering was able to get by with...
  • Batten Down the Hatches Purdue economists forecast multiple years of negative or narrow margins for corn and soybean prod...
  • PNW Ag Hit by Historic Drought In addition to problems with the Northwestern wheat crop, cattle are also being adversely affecte...
  • RFS Deadline Nears With the deadline to file comments on the proposed Renewable Fuel Standard volumes to strike at m...
  • Woodbury: Farm Family Business Agendas don't always lead to immediate decisions, but can still cement your family unity.
  • Multi-Year Losses Spur Concern The recent price rally offered growers a welcome opportunity to price 2014 and 2015 crops, but it...
  • Ask the Vet The vet says my calf had Mannheimia. What is that?
Related News Stories
Senate Panel OKs Tax-Extenders Bill
Taxlink by Andy Biebl
Taxlink by Andy Biebl
Ask the Taxman by Andy Biebl
Taxlink by Andy Biebl
Ask the Taxman by Andy Biebl
Taxlink by Andy Biebl
Ask the Taxman by Andy Biebl