| cornstalk - 11/4/2026 07:54
Don’t forget they want people to pay capital gains on assets they own. That would put some land in the market. Yup. I fully expect a push back/repeal of the Trump doubling of the federal estate tax exemptions. If past history is any guide, these will be made retroactive back to Jan 1 of year new rules are enacted. Which will most likely be effective jan1, 2029, due to Trump veto power. But it’s possible it could get enough votes sooner, so be paying close attention if you’re a landowner at, near, or past retirement age. Bernie wants it rolled all the way back to 3.5 million per individual, from current 15 million. Don’t rule out repeal of basis step up either. May have some sympathy possibly for true family farms, with a clear designated successor in place. Then again maybe not. The need for extensive estate planning just became a high priority again. |
The Blue Wave.
