Opponents of the federal estate tax habitually warn that it imperils family farms. But they've hemmed and hawed when asked for examples. Now some family-owned farms actually may be large enough for death tax. Two thirds of our national agricultural output, the WSJ($) reports, comes from super-sized farms with annual sales of $l million or more.
Example described in the article: a Kansas farm that stretches for over 30 miles and encompasses more than 30,000 acres.
1 comment:
The federal estate tax has does its part to contributing to consolidation in agriculture and the creation of supersize farms.
Post a Comment