modest

Modest Improvement in Farmer Sentiment, Financial Concerns Loom

Dan Economy

The Purdue University-CME Group Ag Economy Barometer rose modestly in February posting a reading of 111, five points higher than a month earlier. The modest rise in the barometer was attributable to producers expressing somewhat more optimism about the future as the Future Expectations Index rose seven points to a reading of 115. The Current Conditions Index was unchanged at …

expiring

USDA: Expiring Estate Tax Provisions Would Increase Taxes for Farm Estates

Dan Economy, Legislative, Regulation, This Land of Ours, USDA-ERS

An expiring estate tax could be very costly for farm estates. That’s coming up on This Land of Ours. The 2017 Tax Cuts and Jobs Act significantly changed federal individual income and estate tax policies, though some were temporary. In 2018, the legislation increased the estate tax exemption amount from $5.49 million to $11.18 million. This increase expires at the …