A bill recently introduced to help more farm families continue their livelihoods after the death of a loved one has the full support of the American Farm Bureau Federation (AFBF). The Preserving Family Farms Act of 2019 is sponsored by U.S. Reps. Jimmy Panetta (D-Calif.) and Jackie Warlorski (R-Ind.).
“Farm and ranch families often face a significant financial burden when they have to pay estate taxes,” AFBF President Zippy Duvall said. “Farm families should be able to pay based on how their land is actually used, rather than its potential value as commercial property such as a shopping center.”
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