Many Midwestern farmers are concerned potential changes to tax policy could negatively impact their farm.

Northwest central Ohio farmer Patty Mann says she’s most concerned about the elimination of stepped-up basis and tax policy changes that could be coming.

“The stepped-up basis has been in place for over 100 years and if I were to transition my farm over to the kids, which we are getting to the age where we’re going to be looking at transition planning here soon, the stepped up basis takes the farm to the current market values, versus the value of what I purchased it for,” she says.

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