Applications for Ohio Farm Bureau Health Plans now available
Members have three ways to apply: contacting a certified agent, calling 833-468-4280 or visiting ohiofarmbureauhealthplans.org.
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Ohio Farm Bureau has issued an Action Alert, encouraging members to write to their members of Congress today, urging their support for the continued use of stepped-up basis.
Current proposals in Washington, D.C. would eliminate stepped-up basis, double capital gains tax rates and charge a new capital gains tax at death on the appreciation of assets like farmland. These proposals will crush family farms and small businesses throughout Ohio and across the country, all in the name of raising revenue for more government spending.
For some background, a new Legal with Leah podcast has been released. Leah Curtis, Ohio Farm Bureau’s policy counsel, explains what stepped-up basis is and how it is used when taxing capital gains, as well as what the implications of these changes in the tax code would be for agriculture.
Farms are often kept in the family for many years. Tracking the appreciation of land and equipment over a period of decades would be extremely complex, and the value of land is likely to have increased so much that without stepped-up basis the next generation of farmers and ranchers could be forced to sell the land just to pay the taxes.
Member messages are important to not let this happen. This proposal and possible exemptions for farms are being considered now. Take action and write to your lawmakers today. Here is a direct link to Farm Bureau’s Stepped-Up Basis Action Alert.
Thank you for your time and effort for this important issue.
To grow a network and gain perspective and knowledge in the industry through personal and professional development has been invaluable. Every day I learn and grow.
The issue of property taxation remains as one of the biggest challenges our members face today. Ensuring agricultural property is valued for its agricultural potential and not development is critical to the continued success of Ohio agriculture.
Farm Bureau is what really got the word out. It’s been one of their goals to get this done.
I could not have done it without the resources I have found through Farm Bureau.
Because we are younger farmers just starting out, Farm Bureau has a lot of good opportunities and resources to help us grow in the future.
Through the Select Partner program, we became educated in farm insurance and weren't just selling policies. It became more and more clear why farmers need an advocate like Ohio Farm Bureau.
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