The National Cattlemen’s Beef Association (NCBA) strongly supports the Death Tax Repeal Act introduced in both the House and Senate. NCBA says it’s unconscionable for cattle producers to face a tax that forces them to sell all or part of their family’s farm or ranch due to the death of a family member.
“With the cost of farmland rising rapidly, the Death Tax presents a significant threat to the future of family farms and ranches,” says NCBA President Todd Wilkinson of South Dakota. “Most cattle producers have significant assets but are cash-poor and operate on thin margins, leaving them with few options when they are saddled with an unexpected tax liability.”
The NCBA says some producers get forced to sell off assets, including land, livestock, farm equipment, and even their home. Current death tax relief expires at the end of 2025, and it’s vital that Congress acts soon to provide permanent relief.