Ag Groups Join Estate-Tax Battle

At a news conference Nov. 30, in Washington, DC, the National Corn Growers Association and several other organizations representing family farmers and ranchers urged immediate, permanent and meaningful estate tax reform. If estate taxes are allowed to be reinstated at the beginning of 2011 with only a $1 million exemption and a top rate of 55 percent, the negative impact on the agricultural industry will be significant, the groups said.

Chip Bowling, a corn grower from Newburg, MD, represented NCGA at the event. He is president of the Maryland Grain Producers Association and a member of NCGA’s Public Policy Action Team.

“Without action from Congress, family owned farms and businesses will continue to face the prospect of even more uncertainty in their planning and the risk of being forced to sell assets in order to pay punitively high estate taxes, Bowling said. “Today, President Obama meets with Congressional leaders at the White House to discuss a path for tax legislation. We hope they realize the importance of extending the estate tax for the future of American farm families and small business owners.”

All together, 31 farm organizations support permanently increasing the exemption level to no less than $5 million per persons and reducing the top rate to no more than 35 percent. In a letter sent Monday to President Obama, these organizations noted that it is “imperative” that the exemption be indexed to inflation; provide for spousal transfers; and include the stepped-up basis.

“Family farmers and ranchers are not only the caretakers of our nation’s rural lands but they are also small businesses,” the letter said. “We are a land-based, capital-intensive industry with few options for paying estate taxes when they come due. The current state of our economy, coupled with the uncertain nature of estate tax liabilities, makes it difficult for family-owned farm and ranches to make sound business decisions.”

Click here for a copy of the letter.

NCGA was joined by nine agricultural organizations in the Tuesday news conference, hosted by the National Cattlemen’s Beef Association. Other organizations included the American Farm Bureau Federation, the American Soybean Association, the National Association of Wheat Growers, the National Cotton Council, the National Farmers Union, the National Milk Producers Federation, the National Pork Producers Council and the Public Lands Council.

(Source: National Corn Growers Association)

Leave a Reply

Latest News
Golden Harvest Corn healthy leaves
Paul SchrimpfBuilding Relationships With Farmers During Tough Times
October 9, 2015
“So, other than that, how was the play, Mrs. Lincoln?” Most of you I’m sure will recognize this as one Read More
Industry NewsResponsibleAg Selects New Executive Director
October 9, 2015
The ResponsibleAg Board of Directors today announced the selection of Bill Qualls, CPEA, as the organization’s new Executive Director. “We Read More
MRM Agricultural Service
CropLife 100Pinnacle Acquires CropLife 100 Ag Retailer
October 8, 2015
Pinnacle Agriculture Holdings, LLC has successfully acquired the Missouri-based agronomy business of MRM Agricultural Service, LLC and its affiliates (MRM). Operating Read More
HerbicidesMarestail, Hemlock Focus Of Fall Herbicide Application …
October 8, 2015
With the grain harvest progressing on or ahead of schedule in most parts of Indiana, no-till producers should start thinking Read More
Prairieland FS employees
EmployeesA New Approach To Employee Retention
October 8, 2015
Long gone are the days when the term “career” implied to 30-plus years with a single employer. In the past, Read More
Crop InputsNew Bionematicide Meets Large Market Need
October 8, 2015
Marrone Bio Innovations, Inc. (MBI), a leading provider of bio-based pest management and plant health products for the agriculture, turf Read More
Industry NewsTessenderlo Kerley Completes New California Manufacturi…
October 8, 2015
Crop Vitality, a business unit of Tessenderlo Kerley, Inc. (TKI), the North American subsidiary of Brussels-based Tessenderlo Group, and the Read More
Photo credit: The United Soybean Board/The Soybean Checkoff.
HerbicidesNew DuPont Herbicide Gives Updated Burndown Options For…
October 8, 2015
Soybean growers seeking flexible, effective broadleaf weed control have another option to add to their toolboxes. DuPont Canopy Blend herbicide Read More
EquipmentDeere Announces New API Linking Operations Center With …
October 8, 2015
Deere & Co. and DN2K have agreed to form SageInsights — a joint venture to initially serve the agriculture industry Read More
Crop InputsDuPont, Caribou Biosciences Form Strategic Alliance
October 8, 2015
DuPont and Caribou Biosciences, a leading developer of CRISPR-Cas technologies for genome editing, jointly announced a strategic alliance. As part Read More
ManagementStoller Field Trip and Upcoming Events
October 8, 2015
Editors Paul Schrimpf and Eric Sfiligoj discuss a recent Stoller Field Day, the 2015 PACE Council Meeting and another event Read More
EmployeesSyngenta First Agriculture Company To Receive Fair Labo…
October 8, 2015
Syngenta has announced that it has become the first agriculture company to receive accreditation from the Fair Labor Association (FLA). Read More
Eric Jenks, Wilbur-Ellis
CropLife 100Wilbur-Ellis Opens Dry Fertilizer Storage And Blending …
October 8, 2015
Wilbur-Ellis Co., ranked No. 4 on the CropLife 100, has constructed and opened a 22,000-ton dry fertilizer storage and blending Read More
Fall Harvest
Crop Inputs360 Yield Center: Tips For Fall N Application Season
October 7, 2015
Harvest is underway and soon farmers will start setting the stage for the 2016 season. For many, that means applying Read More
Ag retailer at computer
Matt Hopkins5 Lessons Learned From Launching An Agricultural Data B…
October 7, 2015
Like many other industries, agriculture has witnessed big data rocket up the corporate agenda. And as an ag media company, Read More
Tom Vilsack
CropLife 100USDA: Ag Retailers Posted Record Income, Revenues In 20…
October 7, 2015
Agriculture Secretary Tom Vilsack today announced that the nation’s farmer, rancher and fishery cooperatives posted record income and revenue in Read More
FungicidesNew Corn Disease Confirmed In Illinois
October 7, 2015
Symptomatic corn leaf samples from Champaign County, IL, have been confirmed positive for the bacterium Burkholderia andropogonis (Pseudomonas adropogonis (Smith) Read More
Crop InputsBASF Expands Production Capacities Of Biological Soluti…
October 7, 2015
With the opening of its expanded Littlehampton, UK production site, BASF is strengthening its ability to sustainably meet the growing Read More