Friday, August 24, 2012

Is the Death Tax a Death Knell for Hunting?

This is the title of an article I read this week, and it brings up some important facts. Many family farms are having to be sold off when the owner passes away instead of staying in the family because the heirs can't afford to pay the inheritance or death tax. It's not just the land and buildings, but all the farm equipment, livestock, everything that belon
ged to the family that owned the farm.

Many of these farms are being sold to developers instead of other farmers because the developers are able to pay more per acre since they're going to split up the farm. Because of this, much of the privately owned land that hunters have counted on hunting on will no longer be available, but will be turned into subdivisions and suburbs.

One thing the article didn't mention, since it was in American Hunter, is that this will also decrease the number of acres available for farming and withing a few generations could eliminate all that's left of family owned farms, leaving only the corporate owned farms.

It's not just the corporate jet owners who end up splitting their "fortunes" with the federal government with the death tax. It's also family farmers.

PS - If you don't like GM foods, you've only got a generation left if the family farms have to all be sold off to pay inheritance taxes.

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