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| I don't know what the answer is, but this is what will break the land market. People will be faced with having to borrow against the land to pay the estate tax or sell the land, pay the tax, and keep what is left over. What do you think the family members that left the farm long ago and have little interest in farming are going to do? IMO, the market will be oversupplied with land in the coming years unless the estate tax is kept close to $5m. | |
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