Vilsack says family farmers won’t be hit with new taxes

During a visit to a farm in Michigan, Agriculture Secretary Tom Vilsack tried to allay fears that proposed tax changes by the Biden Administration would put family farms in jeopardy. Vilsack said that the act contains a provision that if the farm “continues to be owned and operated by the family, it’s not going to be subject to any tax incident…[with exemptions] We’re confident in saying that 98.9% of farms in this country will not be negatively impacted from a tax perspective.”