Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor
Thu Jun 25, 2015 05:28 PM CDT

There's a happy ending for farm owners whooften go through years of planning and family turmoil to minimize their death taxes: By USDA's estimates, only 2.7% of farm estates owed federal taxes in 2014. That figure is down considerably in the last 15 years, thanks in part to efforts by Congress to raise the estate tax exemption from a modest $675,000 per person in 2000 to $5.43 million in 2015.

I'm speculating here, but suspect those low tax hits are no accident. Remember, farmland values have ballooned so fast since 2000, it's not unusual for a modest, 70-year-old Iowa farmer ...

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