Results for #AgChat for October 27, 2009
Note: The posts are read from top to bottom.
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agchat:
Format for #agchat 1) Networking 8-8:15 pm ET 2) Moderated ?s 3) Executable idea 4) 9:55 pm Ask your own ?s, pitch your site or get ideas
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JeffFowle:
@brendawrites Probably only a handful. Two here now, others will float in after their chores. Still teaching benefits of tech. #agchat
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agchat:
Guidelines for #agchat, 8-10 ET 1)intro w/ location & #food interest 2)stay on topic 3)start responses w/ Q# 4)play nice, be professional
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agchat:
Please remember a quick intro so we can get to know each other. #agchat
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agchick:
Evenin. Tricia here. Central IL, corn&soybean farm, backyard poultry, growing meat goat herd, horses inc. mustangs, cattle n future #agchat
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TopProducerMag:
Howdy. Greg Vincent, editor of Top Producer magazine. From a slowly-drying Smithvile, Mo. #agchat
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mjwiegand:
I'm a commodity broker and small time cattle producer in Lincoln, Nebraska #agchat
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JeffFowle:
Rancher/farmer from CA. Cattle, horses, hay and soon....pasture to plate beef. #agchat
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ChrisClaytonDTN:
ag policy editor for DTN/The Progressive Farmer. Normally from Omaha, fighting ahead cold in D.C. this week.
#agchat
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agchat:
Welcome all who have provided intros sorry for not being able to give personal invites. #agchat
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RinckerLaw:
Apologies to my ag tweeps for missing #agchat tonight. Exhausted from partying with the cowboys in NYC last night!
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AgriBlogger:
Chuck Zimmerman, President, ZimmComm New Media and publisher of AgWired.com. #agchat
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agchick:
Sorry I've missed this chat for so long. Family issues have demanded my time and attention.
#agchat
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IMNchatter:
I have an ag background and work for a member driven ag organization; but, all tweets are my own opinion. Follow me @Nachreiner #agchat
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NEFarmBureau:
Hi, this is Cheryl Stubbendieck, NE Farm Bureau public relations person, tweeting from home and doing laundry.
#agchat
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RinckerLaw:
Hudson Pines Farm had their cattle sale yesterday (Ave $6100)- gala at the Rockefeller last Sunday and went out last night. 2 old! #agchat
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shaunhaney:
Seedsman and blogger from the host country of the 2010 winter Olympics. The great country of Canada. #agchat
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ChrisClaytonDTN:
Talked to Sen. Grassley today on the estate tax. He's unsure what Sen. Finance Com will do by end of year. maybe $5 mill/35% rate? #agchat
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joshrolph:
I'm with CA Farm Bureau's national affairs division. Looking forward to the discussion #agchat
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iTweetMeat:
Chris, Pennsylvania, study meat and its wonders, work w/ small packing plants for regulatory compliance. #agchat
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joshrolph:
Sure thing - as many of you know, the Bush 2001 tax cuts phased out the estate tax over 10 years
#agchat
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jilib:
Hi, Jill M. SW Central Il. Small farmer-just hear to watch & learn
#agchat
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ChrisClaytonDTN:
Congress isn't going to let the estate tax sunset. They will come to some terms before the end of the year. #agchat
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AgriBlogger:
Here's to hoping all #AgChat participants have an estate to worry about after current administration gets done spending. #agchat
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shaunhaney:
If you are interested in agriculture you should be joining other aggies at #agchat right now.
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joshrolph:
Congress will act to keep the tax from going into repeal before 12/31/09 #agchat
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animalag:
Hi all, Sarah from the Animal Ag Alliance in Arlington, VA listening in #agchat
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ChrisClaytonDTN:
Likely see an estate tax change along with an extenders bill. Sec. 179 also changes w/o extension and bonus depreciation too. #agchat
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joshrolph:
House Leadership wants to extend the 2009 exemption level for at least one year, possibly permanently #agchat
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joshrolph:
HR 3524 defers the estate tax for agriculture for as long as the farm/ranch is in operation #agchat
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joshrolph:
Proposals to increase the exemption don't cover everyone, especially high land value areas #agchat
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joshrolph:
Proposals to tweak the exemption and rate leave some farmers behind #agchat
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joshrolph:
For that reason, we need HR 3524. It's not perfect, it's not full repeal, but it does save us from the tax #agchat
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OliverRanch:
@agchat Carrie Oliver, Founder, Artisan Beef Institute, connecting artisan meat providers w/ consumers & chefs. Here to learn. #agchat
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NEFarmBureau:
.Wonder if policymakers understand just how much farmers/ranchers hate the estate tax? #agchat
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gilmerdairy:
Will Gilmer, dairy farmer from NW Alabama...gonna be dropping in and out tonight. #agchat
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joshrolph:
Lots of uncertainty for those anticipating tax. HR 3524 brings that certainty. Accounting, legal, insurance avoidance, etc #agchat
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JustPlainBill:
@agchat Well, I have lived here in Hayfork since 1981, have 47 acres as a hobby farm, know many of the real ranchers here. #agchat
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agchick:
Q1 Fundamentally wrong to tax anything upon death. Income has already been taxed. #agchat
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BDairy:
Betsy Bullard, dairy farmer from Maine - lurking.
#agchat
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agchat:
When answering a question please include Q# for flow. Q1,Q2, etc #agchat
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joshrolph:
@jefffowle Easements aren't required - they are an option. Not perfect, I know, but I don't think it justifies opposing hr3524 #agchat
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AFBFMace:
AFBFMace, member of American Farm Bureau PR team, popping in and then out. #agchat
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AgriBlogger:
I agree with @agchick. It's just plain wrong. There should be no estate tax after all the taxes paid over the years. #agchat
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agchick:
Q1 Know many farms had to sell ground to be liquid enough to pay the taxes. Death tax is destructive #agchat
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JeffFowle:
Q1 Fear having to split and sell off pieces of land to pay taxes at the passing to each generation. Farms get smaller & less viable #agchat
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joshrolph:
@agchick The money question: Thompson is working on that as we speak. House Leadership will find money to protect rural Dems #agchat
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PutnamAg:
Soory to arrive late. Glen Arnold, Extension Educator in Ohio. #agchat
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agchat:
Are you "window shopping" at #agchat? Stop in and intro yourself; we're a friendly bunch & like to know who's watching.
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agchick:
Q1 Lobbies for death tax say it preserves philanthropic donations to charitable foundations, etc, to lower taxable estate #agchat
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tbtamartin:
RT @agchick: Q1 Fundamentally wrong to tax anything upon death. Income has already been taxed. #agchat Absolutely !
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TopProducerMag:
Is there a good place to go on the Web where we can see an easy breakdown of the various proposals?
#agchat
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joshrolph:
@agchick No way will libertarians be satisfied! HR3524 is the next best thing, combined with the highest possible exemption levels #agchat
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agchat:
We will spend a few more minutes on Q1 then on to Q2. #agchat
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agchick:
Q1 Family farm in Cent IL, 1000 acres, ground worth $5500/acre: $5.5 M just in real estate. How u get cash for death tax? #agchat
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agchick:
Q1 I'm not saying that shudn't make resp estate plan, but come on, death tax is ridiculous by definition. #agchat
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JeffFowle:
Q1 Primary objective should be to keep producitve land producing, collecting carbon & providing habitat. Taxes = Break down #agchat
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joshrolph:
@agchick Under the $5m exempt. proposal, you would owe a tax. We need help getting out the word that you're covered w/ HR3524 #agchat
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joshrolph:
Factoid - Estate tax was established in 1916 to deal with Rockefellers & Carnegies #agchat
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NEFarmBureau:
Q 2 Our members tell us they spend significant $$s each year updating their estate plans, tax planning, etc. #agchat
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joshrolph:
Today, farmers & ranchers are 20 times more likely to pay the tax than the traditional estate or small business #agchat
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phildawgkey:
Hi all, Caleb Schultz signing in from Dallas. Probably just going to watch tonight, don't know much about estate tax
#agchat
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NateJaeger:
Q2: I would like to know how many family farms are incorporating to avoid the Death Tax. #agchat
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PutnamAg:
Q2 Listened to a presentation discussing using LLC's as a means of passing along farmground, etc. Interesting options available. #agchat
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agchick:
Q2 Family farm has been n trust but that trust recently ended. Starting all over. Other deaths required farm mortgage, late 70s. #agchat
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JeffFowle:
RT @joshrolph Today, farmers & ranchers are 20 times more likely to pay the tax than the traditional estate or small business #agchat
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RayLinDairy:
Thanks to the #agchat tweeps for making my guest role as moderator flow smoothly!
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agchick:
Q2 Prudent estate plans must be reviewed yearly as tax laws change. More attorney fees #agchat
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joshrolph:
@oliverranch Small biz and traditional wealthy estates have more ways to get out of the tax. Farmers/ranchers aren't so fortunate #agchat
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IMNchatter:
In CA over the past 5 years land values have increased between 1 ½ and 2 1/3rd times-depending on the type of ag production #agchat
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JeffFowle:
Q2 We are looking at LLC & Trust options, but would be nice not to have to worry about the future. #agchat
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joshrolph:
@natejaeger Good question on avoidance measures. Hard to collect data on that other than doing a survey -I'm sure it is significant #agchat
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agchat:
Q3 Are concerns about the ET warranted by farmers when the average farm asset value is claimed to below today’s exemption level? #agchat
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JeffFowle:
Q2 Would much rather keep land and $ in the family than pay an attorney. Not much better than the government. #agchat
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NEFarmBureau:
Q 3 The uncertainty of what your situation will be when the time comes is a big worry; have to be constantly updating plans. #agchat
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joshrolph:
A shrinking percentage of farmers are under the age of 45. The estate tax hurts the next generation of farmers and ranchers #agchat
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agchick:
Q3 Those numbers easily skewed by same stats that throw off everything re: "farmers." anything > $1000 in sales makes you a farmer. #agchat
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phildawgkey:
RT @joshrolph: A shrinking prct of farmers are under the age of 45. The estate tax hurts the next generation of farmers and ranchers #agchat
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joshrolph:
I'm on a twitter rampage w/ all the facts and figures - hahaha. There needs to be a new name for that, like "trampage" #agchat
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agchat:
Please remember the Q# so it makes the convo flow better. #agchat
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Porkchop1950:
Late but here this evening. Is 55% of the land owned in the US by owners 65 years old or older Anyone know if this stat is correct? #agchat
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JeffFowle:
Q3 Value of assests is fluid as is the the lack of ET certainty. Many in ag dont realize actual value of assets until a death. #agchat
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lucas_sjostrom:
Q3 I'm no expert, but 45% seems like an awful lot no matter who u are, farmer or not. book SuperFreakonomics touches on ET briefly. #agchat
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agchick:
RT Q3 Are concerns about the ET warranted by farmers when the average farm asset value is claimed to below today’s exemption level? #agchat
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IMNchatter:
@basq2dbone R concerns abt ET warranted by farmers when the average farm asset value is claimed to below today’s exemption level?
#agchat
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NateJaeger:
Q3: if ET effects ANY ag/small business owners then YES our concerns are warranted. #agchat
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agchick:
I say we call it what it is. Death tax. Drop the PC language of estate tax. #agchat
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agchat:
A gentle reminder to all #agchat tweeps (& lurkers) - intro yourself before chatting. Past circumstances have created this need. Thanks!
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JeffFowle:
Grandfather passed away, his assets were worth more than the land; would have triggered taxes if he had not skipped a generation. #agchat
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TruffleMedia:
john blue jumping in after working through a large pack meeting of boy scouts. #agchat
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AFBFMace:
Q3 Eighty percent of farm and ranch assets are land based. That points up the problem. #agchat
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agchick:
RT @AFBFMace: Q3 Eighty percent of farm and ranch assets are land based. That points up the problem. #agchat
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joshrolph:
Best way to lobby congress: Call the DC office for your rep and sen's and ask for the "Tax L.A." - make your case to that staffer #agchat
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agchat:
Q4 Let's change focus to the consumer "How can consumers be affected by an estate tax on ag?" via @joshrolph #agchat
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AFBFMace:
AF BF formal postion is total elimination of estate tax, absent that, a $10 mil excemption. #agchat
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agchick:
Q4 Death taxes may encourage gifting to charities, that may indirectly impact consumers #agchat
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IMNchatter:
RT @joshrolph: Best way to lobby congress: Call DC office of your rep and sens & ask for the "Tax L.A." make ur case to that staffer #agchat
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joshrolph:
Tax L.A. = legislative assistant. Asking for the LA is better than talking to the intern at front desk #agchat
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AFBFMace:
Q4 When land disappears out of ag use, it seldom returns. Estate tax hastens that transfer out of ag. #agchat
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OliverRanch:
@joshrolph I would also suggest finding a way to connect with relevant committee staff & argue for overall fairness, not just ag #agchat
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JeffFowle:
RT @joshrolph Best way to lobby congress: Call the DC office for your rep & sen and ask 4 Tax L.A. - make case 2 that staffer #agchat
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Basq2DBone:
Q4 effect is probably not immediate, just eventual transition of land out of ag.
#agchat
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NEFarmBureau:
Q 4 Fewer farms, fewer farmers. Potentially less, more expensive food. Less green space around cities. #agchat
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jvfurr:
@agchat Q4, costs may be passed on to consumers and the land taken out of ag probably won't return... #agchat
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AgriLawyer:
Q4: Less small family-farmed operations, and more corporate ownership thereby decreasing choice. #agchat
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joshrolph:
@NateJaeger definitely! We need our members to work, too. Staffers can't do it all. NCBA has been great on this issue #agchat
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AgriBlogger:
Q4 It would probably hurt the "buy local" movement as land goes out of ag. #agchat
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agchick:
Q4 Drives farms out of business. More land sales, more tax to overal system means fatter municipal coffers. #agchat
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lucas_sjostrom:
Q4 we waste our time arguing about the estate taxes instead of having more time to produce food efficiently! Plus costs passed on. #agchat
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JeffFowle:
Q4 Transitioning land out of production will lead to reductions in domestic food supply & increase is food cost. #agchat
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FarmerHaley:
Q4 - If consumers want to support a family farm estate taxes hurt them unlike a corporate farm #agchat
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NateJaeger:
@joshrolph I agree but if we don't have support the lobbyists can't lay the ground work for our members to back them up. Join 2day! #agchat
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Basq2DBone:
Q4 Last 10 yrs in CA, approx 100K acres of farmland transition to non-ag uses... Annually! Stats coming #agchat
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KyFarmersMatter:
Q4 Can force sale of farm & developers tend 2eat that up. Farm land lost 4ever. Consumer looses #agchat
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AFBFMace:
Q4 In a day when consumers express apprec. for family farm, estate tax drives away fam connection. #agchat
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JeffFowle:
Q4 Black top and gated communities will not feed america and are far from being environmentally friendly. #agchat
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agchat:
RT @Basq2DBone: Q4 Last 10 yrs in CA, approx 100K acres of farmland transition to non-ag uses... Annually! Stats coming #agchat
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JeffFowle:
RT @Basq2DBone: Q4 Last 10 yrs in CA, approx 100K acres of farmland transition to non-ag uses... Annually! Stats coming #agchat
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JeffFowle:
RT @AFBFMace: Q4 In a day when consumers express apprec. for family farm, estate tax drives away family connection. #agchat
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nel1jack:
Nelson, TX . Estate Tax is based on fair market value, and if farm is close to town may be valued as subdivision land #agchat
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andyarthur:
Q4 Couldn't it be fixed by exempting agricultural related assets from estate tax ? #agchat
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agchat:
Q5 What would an ET exclusion (as long as the property remained in agriculture) do for you operation? #agchat
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farmerspice:
Hello all sorry I'm late, worked late tonight. Leah - recovering farm broadcaster ag lover and benefactor. #agchat
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JeffFowle:
Q5 Allow for me to pass our ranch on to my son and know he won't have to borrow a fortune or sell pieces to stay in business. #agchat
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vmdavis:
I knew nothing about tax so I just observed. I just learned a lot. Sadly I must exit convo now. Thanks MUCH #agchat
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lucas_sjostrom:
#agchat Sounds great to exclude ag, but if when farmers near cities get exemption, they still borrow against full value, giving advantages
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agchick:
Q5 Removing death tax means th