Taxes, Waters of the U.S., and infrastructure are top priorities for the National Corn Growers Association in 2022.
NCGA President Chris Edgington says there are concerns that estate tax provisions could be reconsidered by Congress.
“It looks like we’re not going to have any taxes on stepped up basis or inheritance, or 1031 exchanges,” he says. “But, until we get some real certainty and see that some of that stuff doesn’t happen over the next 60 days, that will continue to be a concern.”
He says farmers have a lot of capital investments tied up in their operations and estate tax provisions could impact family farms.
“When things become at risk for being able to utilize some of the equity to help the next generation start farming, farmers get very concerned,” he says.
