A farm tax specialist suggests President Biden’s tax proposals aren’t all doom and gloom for agriculture.
Chad Hansen with farm accounting firm Corporate Farmer in Mason City, Iowa says there are a lot of potential benefits for young farmers in the President’s American Families Plan.
“The free preschool and maybe college, the child tax credit, and some of these other things that might be beneficial for (young) families.”
But he tells Brownfield middle-age and older farmers will probably get stuck paying for it.