Source: Tyne Morgan, AGWEB, 6/16/21


The Biden Administration’s proposed tax changes could be costly for family farms. That’s the takeaway from a new report from Texas A&M University’s Agricultural & Food Policy Center (AFPC). The report looked into the proposed inheritance tax code changes currently being debated in Washington.  “There would be a significant tax liability across all the farms that we looked at, except for two, so 92 of the 94 farms,” says Joe Outlaw, co-director of Agricultural Food Policy Center and a Texas A&M economist.

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