By Jacqui Fatka
Farm Progress
Myriad tax policy proposals are under consideration by the Biden administration and Congress. Farmers are concerned about the implications to their operations as well as what it would mean if they were to pass their farm on. Many on Capitol Hill, as well as agricultural groups, are sharing those concerns on ag tax policy as the debate begins to pick up.
According to the latest Ag Economy Barometer released by Purdue University, 95% of respondents are either somewhat or very concerned that changes in tax policy will make it more difficult to pass their farms on to the next generation.