Wednesday, September 18, 2024

Farmers and ranchers warn against estate taxes

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WASHINGTON — Farm Bureau member Brandon Whitt recently urged Congress to repeal the estate tax to free up farmers and ranchers to build stronger businesses and benefit their local communities.

Whitt, who farms in Tennessee, testified before the House Ways and Means Committee, where he outlined the harmful impact the estate tax has on family-owned businesses.

"Agriculture looks different on farms from state to state but we all face the same reality that an uncertain tomorrow can bring," Whitt said. While facing unpredictable weather and fluctuating markets, farmers and ranchers make decisions to expand their businesses and remain competitive. "Why. . .

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