The potential loss of stepped-up basis could devastate family farms.

Southeastern South Dakota farmer Kevin Scott is hoping to pass his farm on to the next generation.  

“Once I pass, if my son has to sell part of that factory just to pay the taxes, what does that do for his kids and future,” he says. “Part of the factory would be gone and that doesn’t sound like good business practice to us and we’re going to fight that pretty hard.”

Audio: Kevin Scott

Scott serves as president of the American Soybean Association.

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