Source: SOUTHERN FARM NETWORK, 11/26/19

A bill introduced in the House of Representatives seeks to help more farm families continue operating their farms after the death of a loved one. The Preserving Family Farms Act of 2019 is sponsored by Jimmy Panetta (D-CA) and Jackie Warlorski (R-IN) and has the full support of the American Farm Bureau Federation. The legislation will give more families hope they can hold onto their farm when a loved one passes away. The bill modernizes the special use valuation provision of the estate tax.

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