Last December's "fiscal cliff" debate in Washington, D.C., shed a spotlight on challenges farmers face in securing their investments in land and production assets for their families.Although individuals and family-run corporations own approximately 98 percent of Americas 2 million farms and ranches, they are increasingly being lumped together with the much maligned big business sector by those who are searching for more funding to run the federal government. However, the inclusion of inheritance and capital gains taxes in the debate brought to light the fact that our federal tax policy is often at odds with the country's stated goal of retaining multi-generational farms within thefamily.
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