Values Summary News Today

(SPRINGFIELD) An annual report from the USDA shows that cropland values continue to increase and some economis...

Arkansas farmland values and cash rents are following commodity prices and inflation higher.

Elimination of stepped-up basis poses hazards to family farms John Newton and Scott Gerlt Capital gains taxes are based on the change in the value of an asset, such as farmland, livestock or timber, when that asset is sold. Currently, the top capital gains tax rate is 20%. To reduce the capital gains tax, farmers and ranchers use stepped-up basis, which provides a reset for the basis during intergenerational transfers. In effect, upon the transfer of assets following a death, the basis is reset...

Elimination of stepped-up basis poses hazards to family farms John Newton and Scott Gerlt Capital gains taxes are based on the change in the value of an asset, such as farmland, livestock or timber, when that asset is sold. Currently, the top capital gains tax rate is 20%. To reduce the capital gains tax, farmers and ranchers use stepped-up basis, which provides a reset for the basis during intergenerational transfers. In effect, upon the transfer of assets following a death, the basis is reset...