THE END OF GENERATIONAL FARMS
HTML-код
- Опубликовано: 28 янв 2021
- In this video, I outline the fatal effects newly proposed tax plans could have on generational farming. I want to express that these policies have NOT been implemented yet, but have been proposed.
Please share, and let your elected officials know you oppose the removal of the stepped-up basis, and the taxing of unrealized appreciation.
Find them here: www.usa.gov/elected-officials
Lonesome Lands: www.lonesomelands.com/new-blo...
Drover House: www.droverhouse.com/
Biden’s Tax Increase On Death That No One Is Talking About: www.forbes.com/sites/robertwo...
What A Biden Win Means For Tax Policy: www.forbes.com/advisor/taxes/...
A Look at Biden's Tax Proposals: www.calt.iastate.edu/blogpost...
/ @iowanfarmer
Weather Stick: amzn.to/2WhiRLq
Merch at: www.vanroekelffs.com
iowANFarmer, Ben Van Roekel, is a 2nd generation farmer in southern Iowa. His goal on RUclips is to showcase what young farmers have to offer to the agricultural community. He hopes to give the general public a glimpse into what life is like on an American corn, soybean, and hay operation. The channel will focus on farming equipment, repairs, precision ag, and daily operations on the farm. Join him in his daily trials and tribulations in the changing agricultural environment.
Instagram: iowANFarmer
Email: iowanfarmer52581@gmail.com
Radios! midlandusa.com/
Camera Setup:
GoPro Hero 8: amzn.to/375x28p
Cover: amzn.to/3bkF7JR
GoPro Hero 7: amzn.to/31ytzOE
Mic Adapter: amzn.to/377znQq
Case: amzn.to/2H9aybW
Mic: amzn.to/2tDyNvS
Handle: amzn.to/39mAe17
Swivel: amzn.to/2Srl8AC
Magnet: amzn.to/2Sr7tcJ
Tools:
Tool Box: amzn.to/2UAxtoQ
Impact Large: amzn.to/373QkuU
Small: amzn.to/2OFAtwm
Drill: amzn.to/372baLe
Grinder: amzn.to/2UAyEog
#AmericaNeedsFarmers 
Развлечения
![Rob49 - On Dat Money (with Cardi B) [Official Video]](http://i.ytimg.com/vi/fTFS58mHJh8/mqdefault.jpg)
Very well done video. This could potentially be a real problem for America's farms and we can't let it slide through without talking about this. I fear we could end up with serious unintended consequences.
Its time to push back and fight against all this non sensical bs....... regardless of political opinion......
@@tysonfrank2105 exactly. Keeping ag strong is in the interest of the United States. I don't care which side of the playground anyone plays on in D.C.
Thanks Zach. Support from other Farm RUclipsrs has definitely eased my mind about putting out a video like this, at a time of great division on our country, that could be construed as a Left vs. Right. #AmericaNeedsFarmers
I hope you do a video on this subject Zach. Your channel could cast a lot of light on the subject, and hopefully help prevent many of these disastrous policies from being enacted.
But the consequences are intentional,and Bill Gates is waiting to buy your land
Its not just farms, its all small businesses that are being destroyed. Big corporations will be all there is in every industry.
Yep, family farms are just another small businesses - it represents independent wealth - they want complete dependence on government/corporations
It's not just businesses.
These "people" want an end to all private ownership.
Well not all, your going to have to rent your stuff from someone.
It's "The Great Reset".
Worst thing about all of this is that it's intentional, we saw this coming and continually fail to stop it.
Get ready for your daily serving of Soylent Green everyone... 😋
@@timetowakeup6302 for a few years the media has been pushing the idea of getting rid of the societal stigma of cannibalism and eating "lab grown" human flesh.
I'm sure it's because "lab grown" beef is impossible to do.
Bill Gates & The Great Reset...
"You'll own nothing & be happy!"
GOD HELP US, PLEASE! 🙏💙🥺
god will NOT help you. You need to wake up and help yourself and others by non-compliance to tyranny.
@@menoname3594
Yikes!!!
I mean, I'll stand up & fight. However, I believe in my God! Nothing will ever change that my friend. 🙏🙏🙏
mormonism is a FAKE ideology invented by a perverted deviant
@@happylatter-daysaint3503 your god of Moronism is a FRAUD
@@happylatter-daysaint3503 Belief systems are just that, BS. Nothing in life has any meaning except for the meaning we give to it. god, in the form you worship, takes your energy and creates false hopes in you. Jesus was an invention of the Romans to control the population and it still is working today. My statement above still stands. Love your neighbour as you love yourself. But in order to love your neighbour you need to love yourself first. Can you look deeply into your eyes in a mirror and say to your self, I Love You? If you can do that then you are on the path that gives light to the darkness.
When my sister in law's dad passed she inherited his auto parts store. Government came in and counted everything down to the last nut & bolt and taxed her on the Real value of the assets. The inherent tax was so high she had to sell. That was is the '80's. You'd be better off Selling your farm to your Kids than paying a Death tax. Seems like that's the only way to hang on to the land. God Bless the Farmers, they feed America.
Amen 🙏🇨🇦❤️🙋. B. Gates has become one of the largest land owners,, good luck with his big "farmah" ideals. & what you eat. Shalom
I wonder if you could start a charitable foundation and put the farm in it. (Like the clinton foundation) That way you don't have any family member owning the land. You just run the foundation, say as president and when you retire, you appoint a new president to run the foundation. All the rich a-holes do this. This is how the catholic clergy can take the vow of poverty and yet drive cadillacs. They put all the church's assets in a corporation sole (rather than a foundation) and the clergy just run the corp sole. Also most super wealthy don't own anything. They set up corporations that own the assets. It's a paper game and with the right lawyer, I am sure it could be done.
Theresa Fitzpatrick, this is what I was thinking. As of now, I do believe this is the “loophole”. You create a “living trust”, which is the entity that “owns” the real property. A trust cannot be taxed, but a human “manages” the trust. You are correct, things like this, and creating “foundations” is how the elite stay elite.
I need to read these proposed tax changes. Because we know the goal is actually to squash independence by killing small and middle business and farming, I’m betting they somehow make it possible for the elite to escape it, but not us.
@@Peace2all4vr it's called a trust.
I wonder if selling to your kids is the loophole around this. Taxation is theft.
Breaking the backbone of America.
Control the food you control the people. Next they will outlaw gardening. The goal is total control by starving you.
The progressive way...so sad.
Nobody is able to live without farmers
That's the whole idea!
Oh don't worry in Canada they just build the first fully automated (subsidized) cricket farming factory. Hurray progress!
@@thiefonthecross7552 protein replacement.
@@thiefonthecross7552 are you serious?
@@thiefonthecross7552 what do you mean? I was stating how crazy it is, that all this is happening, with a question that many use in this same manner. I was shocked, not sure why you feel the need to be rude.
family farms are in danger all over the world
IceAgeFarmer is a channel about these issues right here.. The agenda is real and the connections are indisputable
@@EZ-ie7gg Well said. That's why I don't vote nor would I fund big ag or any other big brother appendage
I believe the best activism in these situations is holding your ground on what you've established and making a lot of noise so others might stand with you. Voting and biased courts? Bwhahaha
@@EZ-ie7gg
Beautifully explained.
It's deeper than just destroying the farmers and small business owners, they are attacking all of us....
@@EZ-ie7gg God will deliver us again!!!
@@yqafree do you know an arbitrator, by the grace of God?
Here in Ireland it used to be mostly small farms. Govt policies at the behest of the tyrannical EU made running such farms impossible. Most farmers now are either big or are part time farmers.
They absolutely thought about farmers when drawing up those tax plans. They want the land. They want control of the food, moving the population from natural food to factory produced trash.
Here in Ireland they have floated a similar tax plan, except they intend to aim it at the homeowner. That means a staggering tax bill just for owning your own home.
Make no mistake, their plans are asset seizure from the populace all over the world.
agenda 21
Yes it is. gate$ of hell has no good intentions except to keep his daddy's eugenicist programs rolling over the 99%
They get away it without pushback and with plenty of money to clog any loophole$. Major squeeze from major $hit$. It ain't good.
My biggest question is, how is it the vast majority let the few hold us on the end of a rope across the world?
You will own nothing and be happy.
Food , the new luxury
I grew up on my parents farm, after high school in 1973, I decided to join the farm operation. I did the farm operations program at iowa state university. I purchased machinery in partnership with my older brother. Even though interest for that money was outrageous, we grew the business, until the embargo of the 80's. I ended up in bankruptcy. I took a job at a farm machine dealership, closest thing to farming without money out of my pocket. I continued renting on a much smaller scale. Seemed like I was using all money I made at my job to finance my hobby farm operation. My parents lost the family farm in '86. Devastated my parents. I retired from being an ag tech this past year. I admire your determination, I pray your generation makes it on the farm, I feel the current administration is going to put the last nail in the coffin.
I am trying hard to stay positive these days... but every time I “tune in” it seems like a cascade of problems that are being made worse and worse by the day. Covid, food shortages, a bad hurricane season, a bad fire season, a bad election season, political and social division, now a bad winter season, more food shortages, and supply chain issues, and now this issue that is going to impact generations of success in this country. Sigh... it is so important that every Individual and family focus on creating as many independent resilient systems in their lives as possible. Good luck out there fellow humans. 🙏❤️🙏
Part of the plan ...
@@One-way I think you are right... we all have to do our best to safeguard ourselves from being dependent on “the plan”. Be well, stay safe, and create abundance. 🙏❤️🙏
Yup resilient systems, and drawing closer to God.. and His provision. God bless 🙏🙏🇨🇦❤️🙋
It's in everything. My two favorite things was my 1979 Camaro with a 1967 Corvette engine and my 1972 John Deere 4020. Is that too much to ask for?
I was told that the more knowledge I attained, the more value I would have to employers. Actually learning how things work is a dangerous thing. Especially if you voice things you know to be true. Or if your the type of person that can't stand lies. I'm a bad guy now for persuing truth and for always trying to do the right thing. Life sucks and billionaires that put profit before people are to blame.
What a coincidence. Bill gates has quietly became the largest owner of farmland in the usa
Remember years ago my uncle bought a huge farm and the government paid him not to farm it.... even though he was never going to anyway ...I thought that was the biggest crock of b******* I ever seen
My Grandpa did the same thing they paid him not to farm it
@@joeyank2451 same in newyork state with the dairy ind.paid to not produce?
@@andrewslagle1974 I know unbelievable
Wow
Absolutely heartbreaking! This explains how Billy Gates is the largest farm owner. Let that sink in.
Up here in Canada it's been this way for quite some time. And we have had to come up with ways to pass the family farm on to the next generation with the help of an accountant and business lawyers they write up a succession plan. I ended up buying my parents out so they could retire and saved the death taxes that way. If there's a will there's a way.
Yes I had to do the same. From Manitoba canada
That is literally what voting for these leftwing socalist politcians is getting us and yet we just keep ignoring who's causing the problems because it's an inconvenient truth.
Ya. Way to go.
Scary stuff! I'm trying to buy from small local farmers and grow what I can in my small garden beds. We need to work together to reject lab grown meat and diversify our seed supplies, buying directly from farmers when possible.
@@Samuraid77 The right wing politicians sell us out just the same.
The only difference between them is the narrative they push to lead us in the same direction.
All this doom and gloom can be avoided.with planning. Get your land into a trust. The trust owns the land and the trustee controls it. Trustees can change without tax. It is all about planning.
Until the government changes the rules AGAIN.
You fail to realize this is the plan !
@Blob Monster God help us all
🙏🙏🇨🇦❤️👍
We have a trust.
Keep up the planning. Keep informing yourselves. I know that some rich people and investors with deep pockets are jealous of the fact that regular people own some beautiful land. This was in the works before President Biden was elected. Let us stick together to fight plots like these.
America and Canada need there farms more than there governments.
❤️🙏🇨🇦
wrong. These farmers wouldn't survive without government.
@Beyond Your IQ Nope.
The government is artifically keeping food prices HIGH so that farmers can make a living. Farmers are already 40% dependent on government handouts, if it wasn't for the government tariffs/subsidies they would be out of business entirely.
Food is NOT the highest commodity in the world, it is uranium. The best policy right now is to deregulate and cut off all farm support payments and allow the banks and corporations to lower prices over time.
@Beyond Your IQ Corporate farms would never allow that, family farms are the minority so a union would be useless.
@Beyond Your IQ Corporate farms already control the markets. The family farms are practically gone anyways, you just have a few welfare farmers left.
I'm not farming, but I'm the 3rd generation on my family's Iowa farm. I know that my dad farmed full time and worked full time away from the farm in order to make it through the '80's and his father held it through the great depression. I bought the 60 acre homestead, but there was no way I could afford the cropland. I know many of the family farms around me have incorporated and gifted the maximum value of land annually to the next generation. This is how Bill Gates has become the largest owner of farmland in the US. They're taxing the small family farms right out of business. Unfortunately, I believe that is exactly what they intend to do so that the richest can control the food supply thus they can control everything and everyone.
As a 64 year old retired farmer Growing up on the farm I was raised up by my Dad to live by the sweat of your brow and not to look for a hand out from no one. And you used common sense and didn’t over extend yourself with debt. That’s the problem with today’s farmers they try to live way beyond their means they have to have the biggest and best combines,tractors,trucks and more and more land and they are digging themselves into a deeper hole of debt that their is no escaping from. I did not believe it was the American tax payers responsibility to keep me propped up to stay in business when I farmed and I still don’t. I don’t believe the tax should be on the hook for our screwups just like they shouldn’t have to bail out big corporations and Wall Street we all need to live with in our means!!!
@@joelsmith3797 It’s sick, what these people have done and are continuing to do. I hate violence, but needs to come to a head
BINGO!👍
It's not that land has increased in value. The money that pays for land has decreased in value. The 320 acres that my great-grand parents bought and worked to pay for in the late 1800's is the same land , the same acres of soil, we farm with our son today. That is the best reason to reset the value of farmland in todays dollars at the time of the death of the owner. Loss of stepped up basis and having to pay an income tax on something that has not been sold would be the worst kind of death tax. Usually the farming heir has to buy out his or her siblings at the time of the parents death. That usually involves taking out a mortgage. Now try to increase that mortgage by more that a million just to pay the tax. The Biden proposal, aimed at redistributing the wealth of the super rich, would result in many family farms ceasing to exist. Leaving the super rich and multi-national corporations owning the food producing land.
Humans die, corporations do not. This is nothing but a giant steal by corporations to eliminate small farmers and even medium sized farmers. Ergo you become a slave to a corporation and beg them to allow you to farm. Same way all the corporations died and why their products suck. Initial guys who built it, died leaving it to their heirs who have to sell off all the stock to pay the death taxes, which means in a generation the banks, hedge funds, pension funds, mutual funds own the corporation and then install their own CEO who will do what THEY tell them but who ultimately knows nothing about said corporation product and ultimately destroys the product in question and will not move a muscle unless told to do so by the government and a guaranteed giant ass contract... Kodak, GM, Boeing, Xerox, GE, etc.
Thats their plan. Make no mistake . The communist who stole this election are trying to bring America down. Bill Gates is now the largest rural property owner in the U.S.A. .
This was happening during Trump's presidency to, pull yourself up by your bootstraps.
@@slongger It's not Communism, it's eugenicist ruled technocracy.
I've been raising the alarm bells for years
Sad, Truly Sad. And Washington could give a rats ass about the American Family Farm's or the People as a hole !
They care about China and Illegal Aliens
This is why I’m purchasing land from my parents and grandparents. A lot easier and can control it.
That's smart
New well done on this video and bringing awareness to this issue. This will end family farms all across the Midwest if it goes into law that’s a fact. I can already hear people saying that we are part of the evil 1% we can afford it but like you said land rich cash poor.
Thanks Brian.
Everyone likes to bring up the fact that farmers have much higher networth than the average person, they don't take into account the cost of production.
@@mp40submachinegun81 Cost of production and net worth are 2 completely different things
@@swexsted if i buy a tractor that costs 400k and a combine that costs 600k thats whats reflecting in the networth as that would be calculated into it, also a cost of production.
Brian, this will affect all family farms across this Country. It is part of the marxist game plan. There trying to control every angle and two of the most important there is for us to protect is to keep our right to bear arms and not to let the government control our farms because they would control food cost that will go through the roof under there control !
I grew up in northern Arizona the population of my hometown was 300 people. It was a lot of LDS that had passed their Farms down for Generations. I never owned a farm but a lot of them were my friends and this sad situation really hits home for me. Now I live in a big city and it REALLY sucks.
I hope farmers all around the world don’t have to suffer with such laws. Farmers in India have been protesting for months now “No Farmers No Food”🙏🏻
This is not correct at all anymore. They are looking into synthetic food alternatives or insect proteins. The new “ normal “
@@shimmeringflameoflight One quick hop over to soylent
Farmers deserve more recognition and respect .God Bless all the farmers for feeding everyone 🙏🏻
I'm not even a farmer, and I could see this coming for years.
This is an incredibly scary prospect, the end of family owned farms and business, ultimately means the end of a nation.
This recently happened to my family. Grandfather bought the farm for a few hundred dollars per acre and now it's worth 8000 an acre. My father and his siblings decided to desolve the farm corporation and each one now has to pay 400,000 in capital gains taxes.
This is because they act like you are holding an asset like gold, not increasing its value with hard work and addition of funds. Assholes want to both keep you under the thumb of inflation, and make people sit on dirt and not farm/improve it (wildlife refuge or “hunting property”)
They are treating land like they treat it in their porfolios- like stocks manipulated in price, bought and sold for profit
The value of a farm is measured in dollars, and dollars have lost about 95% of their value since the Federal Reserve was established in 1914. Maybe farms and other assets need to be measured a different way.
Thank you Ben for having the guts to stand up for what is so obviously right. Thank you.
The government and big business have been driving the small farm out of business for years.
Thanks for the great video bringing attention to this matter. I'm a 3rd generation farmer and all the land I farm is owned by my parents and grandparents. I always felt like someday, I'd "own" at least a portion of that land. I put own in quotes because I'd never sell it, just maintain and improve it so my kids and grandkids could carry on. If that's not the American Dream, I don't know what is. I think the majority of family farmers out there aren't looking for sympathy, but rather fairness for what previous generations have sacrificed. This is a serious issue.
Hopefully he doesn't put the tax on cattle as part of the new green bill because it will be the end of cattle farms
It will methane is a big part of Gates 0 CO2 idiocy
Only if everyone pays the tax.
Ben just this week I contacted my Iowa legislator in the Iowa Senate and encouraged him vote in favor of repealing the state inheritance tax and the state qualified use inheritance tax. That bill number is SSB 1026. All other Iowans who follow Ben should contact their Iowa representatives and Senators and encourage them to repeal these taxes.
As much as I like Joni Ernst, I sincerely hope she supports farming in the end and not just line pockets of corporate farming like trolls claim on her Facebook page.
@@Big_baasman Joni Ernst is a US Senator to Congress. I was referring to State of Iowa public policy.
As a fifth generation farmer this nonsense is the biggest threat to our business. My family farm barely changed in size (acreage) for the first three generations. My parents survived the 80's and nearly tripled the size of the farm. Why should the government get so large a share of their success when they die?
Because muh reparations muh military and muh welfare
How did your family get into farming? Was a government handout called the Homestead Act involved in any way? The government gave European settlers 160 acres just for showing up in the 1860s.
@@liammason6065 To my knowledge my family bought and paid for every bit of the farm. My family originally bought our land from Homesteaders.
I see where you're coming from but let's take a look at this from a different angle. Let's say you have an entity that owns an asset, much like how the government used to own the land it sold for the Homestead Act. Now the owner of that asset is currently not loosing any money on this asset but is also not making any money from it. When the owner sells this asset they will make money through its sale. However a sale doesn't mimic the outcome of the Homestead Act as it's a one time payment. Instead let's say the owner chooses to lease their asset thus retaining ownership and gaining a continuous source of revenue. That sounds pretty similar to how the government ultimately has control of the land and taxes are paid so long as there is an owner (or leasee in our different look). Now that this premise is established. Would it be more advantageous over time to have the asset sit idle, or have it generate a source of revenue despite an initial loss due to a discounted price?
I'm not exactly well educated but to me it seems like the government is better off when it can sell or lease land to be used in productive ways. Not only because the money paid for the land sale or rent is money the government would not have earned otherwise. But because that production also generates additional revenue. The wheat my family grows must be processed and shipped which is paid for by the end use consumer. We need to buy equipment and materials to grow that wheat which means there are businesses that rely on my farm's ability to turn a profit. All that money is in addition to the taxes and fees paid over my family's 120 year tenure. This activity is but a small part of the economic engine of any country.
I am really curious why there seems to be so many people who think that wealthy or successful people either cheated or had some sort advantage. Somehow we can't accept the merits of the success of others. Probably some really scary cultural implications there.
Why should they get a dime? We already pay enough taxes.
@@simonsonfarmsinc This is why I settled for being a bagger/cart attendant. Why? Because I knew whatever success I had would be stolen from me, and if I pointed it out I would be ignored, scorned, or laughed at. I learned that during school.
There is only one thing I have not tried, but I know none of you would condone me doing it. As soon as I did, you'd say "You need stop and be reasonable!" and let them lock me up.
You all keep asking for salvation, but would you even accept it from God Himself? Would you tell Him to stand down, as He burnt away all enemies of life itself? There is only one way this goes, but if you aren't willing to swallow that pill, then you'll be caught up with them!
" I want with all my heart to see your burdens lifted, to see farmers who have given so much to America receive the rewards they deserve." -- President Ronald Reagan
How about that wheat embargo that started the 80's farm crisis...
@@davehughesfarm7983 that wasn’t Reagan that was Carter. Regardless, politicians including Reagan couldn’t care less about small farms. Policies that would keep small farms around = higher food prices=unhappy registered voters. A large food supply network in the hands of a few will have disastrous repercussions in the future and Americans simply refuse to accept that.
I grew up in the late 70s and 80s it was tough my Dad and Grandad struggled and pay for ground and payed taxes on top of that its bad when we get taxed and when the next gen gets it they get taxed on whats all ready been taxed its not right to screw someone out of their birth right
"birth right", the Communists only want us to be their property upon birth.
My uncle paid his taxes in pennies, 50,000.00 dollars worth of pennies. Lol. He had to use a wheelbarrow to give them their money. Happened in early 1990s Oklahoma.
@@bill7778 they are not communists, they are eugenicists and technocrats.
@@justinkirschenman2232 oh thanks for "enlightening" me on the difference.
Wealth transfer has been their objective all along.
Wealth transfer is how the family farms in the midwest got their start in the first place. A lot of these farms started when the US government stole land from the native tribes and then gave it away to European settlers who weren't American and didn't even often speak English. The US government gave non-Americans 160 acres just for showing up through the Homestead Act of 1862. It was the largest government handout in the history of the world.
@@liammason6065 I blame it all on the Huns.
Stolen elections have catastrophic consequences.
Thank you for posting this video, Ben. It came up on my YT feed and I just watched it. I'll be sharing it. Thanks from a second generation Citrus Farmer in Central CA!
Sadly, we are in a downward spiral. As more are like you Ben, and worry about what is coming, I pray that you can keep going. I have liked and shared this video. As an old farmer, I only wish I could have gone back to it after I got out of the service. I appreciate you taking the time to make this video. Hang in there, you have many praying for you and all farmers.
Thanks!
Well I am 16 years old. I love farming even with all the hard work that it entails. Right now I am starting my own haying operation. This really does worry me. Not just from a stand point of attaining land, but from the view point of the generations after me that I hope will try to continue my business. I may be small starting out, but I wish to have the generations after me make this operation even more successful than I am striving for. I hope more people see this and can realize the consequences that this will have on the little guys not just the millionaires.
EDITED: You know who else disappears, ? Equipment salesmen. Non-Family Corporate Farms WOULD buy from a standardized COST $ menu Basic prototype spec, build it, ship it. They would only own it while under warranty, but now there is no USED market because the demise of the generational family farm. Interesting to watch the used Ag equipment market implode, indeed the consequences will be vast and far reaching as engineered by a myopic government. It was noted that large swaths of Ag Land is now owned by speculators. It is further known that these folks are in a CASH position to purchase lands available through tax default. A prime example of this scenario is sports teams. The NFL Buffalo Bills & Miami Dolphins were sold to meet the appreciating tax liability. The generational farm is a microcosm of non-exempt estate tax accountability.
Bill, a large portion of family farms are incorporated purely for liability and tax reasons. The idea of large, non-family farms is very real in different specialty crop areas, but it is not prevalent in the Midwest. There is large swaths of land owned by outside parties, though. The farming operations are typically family-based.
@@aTrippyFarmer The Corporate Non-Family owners of the Large Swaths, as you refer, may not farm directly, BUT are positioned to assume direct operations, should this proposed legislation take effect.
Further, these folks are in a CASH position to purchase family farms unable to meet the tax liability associated with change in ownership. The potential dominos effect is real. Not a conspiratorial advocate, but the demise of the family, generational farm is hypothetically possible by a few strokes of the legislative pen.
Sounds like the world economic forum playbook.
Well done. Can't imagine who could give this a thumbs down.
Who gives it a thumbs down? Apparently half the population. The half that voted for Biden. The half who's been brainwashed by the media to think they are oppressed by those who work 80 + hours a week and prosper because of it. The half that has their hand out taking your hard earned tax money.
A communist....
George soros probably
Some socialist sucker
@@clayed Hand out? Seriously? Agriculture is a massive welfare recipient. You types seem to ignore that. If family farms can't make it, larger corporate farms will buy them. It's why farmland is so expensive.
Yeah I miss farming. Grandpa died and my mother moved us to the city for a better job. As soon as possible I moved back to the country. Screw the city life.
It is all a move to all corporate farms.
Not even that these people are evil man biden administration is so curropt
@@PrestigeWorldWidePWW shut up dude you need to keep politics out of this. It’s farming not Congress.
@@benaklestad6410 politics is the issue, it is a congressional tax matter, has little to do w/ farming.
@@benaklestad6410 are you even paying attention 🙄
maybe people need to stop voting for politicians that serves those big corp
All farmers. They want your land and they are gonna take it. Stand up for yourself and band together.
Thanks for the information, its very useful to us urban types. I’ve watched your video and you never cease to amaze me of the knowledge got a young man like you has gotten farming is difficult and we in the city in urban areas don’t appreciate it as much as it should be keep on telling the truth.
Thank you for being bold enough to bring these things out into the light! This side of the story can not be told loud enough as the margin continues to get tighter and tighter for our generation trying to farm. God bless you and your business. Continue to do what you do we need more folks like you in the ag world!
That’s kind. Thank you.
We were just talking about this same thing when I heard this plan on the Radio. We are not farmers but have build our property value by taking care of our land and building on bare ground. So we will face the same problem Thank You for the video as you have explained it to my wife a lot better than I could. Calm down Tami.
Ben it is crazy that you made this video. My father and I just talked about this specifically. When my grandfather was still alive we deeded his land to his kids before his death. We are working to do the same to me for what my mother had received of that farm.
Deeded land is ok as long as everyone lives for another 5 years. If original owner dies 2 years later. They come back and tax you anyway.
Great explanation. Thank you! I live in an AG area of California and will be sharing this video on many platforms. Good luck to you and your family.
Nicely done video. The proposed policies of this administration scares me to death. Thank you for taking the time to make this video and consider it shared.
Here in Missouri it's almost like an exodus people are moving out onto 5 plus acres starting " big " gardens ....with solar panels basically off the grid maybe it's the new farmer
Definitely not going to feed millions of people but maybe themselves
There is a bid movement to homesteading.
I think a lot of people are going to grow/ raise their own/ do bartering, & try to safely do home or small community grouping type schooling.
Its going to be difficult to live, with a government ( in general), following the warped agendas, they want to force on people & their children. There needs to be exposure, of all the corruption controlling the government. The monies that have been scammed from the people, needs to be returned, & the government needs an overhaul ,along with a reminder, of why our Constitution & Bill if Rights, were developed to begin with. It would seem, that, there would be enough civilians , military, & law enforcement, that could work together to help our government servants get their hearts and minds in the right attitudes.
It would be good, for as many, as possible, to grow , or raise food, & to learn skills of survival, how to make practical items to barter, erc
Great video! Estate taxes are certainly one of the most obscene methods of taxation within the United States. It's almost comical that you are taxed on the income that buys the asset, taxed yearly on the ownership of the property, and then taxed when it transfers due to death. It is incredibly important for ALL family farms and businesses to consider estate planning, especially at a young age. It is very possible to circumnavigate these issues with a proper game plan.
100% correct.
You are spot on, good to see a young farmer like yourself looking and being aware of what's happening around you. Look at the last year of what has happened??it's all about making us look away of what's real. Great job plow down push ahead. One more note as you are aware look at some of the individuals who are gobbling up our farm land and for what reason. Thank you
I have been trying to lease/purchase my family’s farm and I would be the 8th generation to farm it since we settled it. I’m in NY and I’m devastated how I’m sure it will likely not happen between family and this terrible states policies and this info is just icing on the cake. This video is great and I hope more can watch and I’m sure if seen will make a difference. As mentioned not just farms, all small business.
This is disgusting to read about. The only option is for parents to “sell” the farm to their kids while they are still living. A good estate attorney needs to be contacted immediately.
Sell it to family for $1. Would that make it legal
They get you on what the property is worth today when it’s transferred so if your grandfather pa bought it for $10 an acre transfer it to dad and dad dies and it transfer to dad only pay the tax at $10 an acre but when it transfer to the son today he would have to pay tax on the land at full market value could cost more than it’s worth farming
Many older generation are too greedy to pass the farm to their children while they are still alive. This attitude needs to change. There is no reason for 85 year old men to be actively farming when there is young people who want to and can't.
@@ericluitjens4256 that’s the perfect idea as long as you can keep one of the grandparents alive for 7 years and hope the nursing home don’t take it if they have to be in it our government has found this is a huge way to get taxes
I was thinking/wondering the same thing Pete.
There are ways around this. Trusts that pass down the land. Selling of development rights etc. Our family fought eminent domain proceedings in the '80s in NJ we had the money to fight and out of that came farmland protections written in the state of NJ law and eventually for the rest of the country via American Farmland Trust. If what you want to see is the land to be farmed in perpetuity then develop a plan for preservation. Good vid keep them coming.
Ben great video! This is a real problem for the family farm and for America in general. Thanks for what you are doing to get the word out!
Here from a share by Brian's Farming Videos. Scary times. Good presentation by you and Jim.
Thanks for coming over and for Brian sharing it.
I’m glad there are so many “experts “ here & on the internet with answers.
don,t worry Mr Biden, nurse will be round to change your diaper soon
When they get hungry then we will be important. But it will be to late. Keep up the good work.
I liked this video so much that I shared it on a facebook group called farm life. It was very informative about the next gen of farmers.
I am a subscriber and enjoy your videos. Keep on fighting the good fight thanks
Thanks for sharing!
Thanks for sharing this I was wondering if You Tube Farmer was going to cover this. Stay Iowa Strong and keep us informed.
Shared it as this is nuts!!!
I'm a lawyer, but I don't do trusts and estates, and the only thing I know about agriculture is what I've learned on great RUclips channels like this one, Welkers, Cole Cornstar, etc. But it seems to me that Iowa and other farm states have smart lawyers who do know about taxes and trusts and will be able to craft an ownership arrangement that avoids the worst part of these stupid and dangerous tax proposals. If you are a farmer or other small business person with assets to pass to your children, my professional advice is to retain the best lawyer you can afford, if you haven't done so already.
Most people can’t afford a cheap lawyer. The rates are outrageous.
Yes, they properly help proposed the crafty legislation to have farmers running to them (lawyers) to find some loopholes and some relief form paying the taxes...!
@@jarhead9690 I wouldn't want a cheap lawyer for anything ! Get things set up properly do you avoid headaches and needless family drama later. You should be able find or get at least 3 references from business or trusted friends who have similar concerns. If you find a lawyer who charges several hundred an hour, keep shopping!
So you avoid...
All this does is give lawyers and accountants a few years of continuing education to figure out how to beat the new laws. Legacy trusts are an option. So are LLCs. Five years from now, all that will have changed is the organizational ownership structure of these farms as farmers and their estate planning teams figure out the path forward.
Thanks for this vlog. I have not been pleased with our present administration from Day 1, but did not know about this tax change. It comes from ignorance that these people want our money so much they will destroy our food supply. I will contact Grassley , Ernst and Meeks about this proposed tax change. Thanks so much.
My heart goes out to you guys without you guys no farm no food no future for USA.God blessed you
its time people stand and say enough, every thing they take now goes to waste. ENOUGH!!!
I live in western Nebraska on the edge of the Sandhills. I have seen in my short time the morman church come in and by big old ranches. They don't don't use the land to it's potential since they aren't worried about having to make a living. That land will never be available for small ranchers to even rent to help make a living. The land value has been jacked up beyond being able to make it pay. Getting harder to rent land. Then the government wants more money. Biting the hand that feeds you will come to haunt everyone one day. I just hope to keep this together for my kids to have the opportunity for this hard life.
Thanks for putting this together ... so many people these days have no concept of rural/farming life.
Very well done video. Excellent awareness of the issue on farm transfer. I will share this on my Facebook page. Thanks
Let's go #FARMERS#WORLDWIDE WE HAVE TO FIGHT AS ONE!!!
Thank you for making this video and explaining things in terms that the average person could understand. It’s been eating on me since I first started hearing talk of this crap.
The way I see it, it's anything but good....
It's good....
For them but not us.
Very well done. Politicians need to come out in see what it takes to make a real farm work and why we keep going.
Thanks for doing this video, this is a huge issue for small family farmers and ranchers. My grandfolks and parents would be rolling over in their graves, seeing this new tax law. I am the third generation, wanting to pass the property onto my childern. This is disastrous for all business and rental properties.
Now do a video on how to get around all this craziness!!! If it where implemented.
This may be a dumb question, I don’t know. Can the parents/ owner of the land sell it to their kids for one dollar per acre? It’s their land, they can sell it for whatever they want?
Quitclaim it to their children
Thank you for sharing this information that might otherwise be ignored or missed completely.
Very Good Presentation. Glad to see young people with sense and understanding. You are an inspiration! Thank you for speaking the truth.
Ooops! I meant 4 million! Who's going to buy a farm, knowing you have to sell it, rather than pass it on?
bill or chi-na
will. I heard ch' ina is buying farms in nebraska for up to 3 times value
But the "Federal death tax" is set at 11.7 million dollar exemption. Even if this is lowered to 5MM, in 2026 like Biden wants to do, that will protect quite a few of these "generational farms". I love farmers but there are plenty of ways around these taxes. I understand not everyone is a CPA or understands the tax code but it a good tax lawyer goes a LONG way when you are talking about farms over 5MM+.
If we lose the current stepped up basis law then the exemption only covers the original cost or basis of the land. If you inherit land that is valued at $5,000 an acre but the owner only paid $1,000 an acre you will own capitol gains on the increased value of $4,000. The exemption will only cover the original cost of $1,000 an acre. On 500 acres the exemption will cover the original $500,000 but you will still have to pay capitol gains on the other $2,000,000. Farmers do not have the cash to pay this expense so the money will either have to be borrowed or some of the land sold to cover this expense. If you have siblings that do not want to farm you could also end up buying them out at the time of inheritance and at that point I don't think any farm would be able to cash flow and make those kind of payments.
1237 is not how you count but man you guys have opened the eyes of alot of people...thank you.
Thanks for the bonus clip at the end! Now we know who the real backbone of the farm is! 😆 God bless.
This is not something new as far as try to keep as much as you can for your family . I can tell what my wife and I did and that's hire a good lawyer and set up a trust . There is many types of trust so have the lawyer walk you though the different types so you can set up the right one for you . Hope this helps .
This is are land not there's people need to make them understand but people are not strong enough to stand up for themselves
One of my many issues w/this..my belief is the value of something is what someone pays for it NOT what someone might pay for it hypothetically.
Thank you for laying this information out. Great job.
This is an inheritance tax. If the farm was transferred before death there's no tax. Why does the next generation think they should get the family farm for nothing. Parents usually sell to a son or daughter before they die that's there retirement and usually sell for a price that is very affordable so the farm stays in the family. This is something to be concerned about, but not sure everyone understands it fully.
No one knows the hour of the visit from the angel of death.
Great video!!! 100% spot on. There are folks out there with blind hatred for one individual that will cut off their noses in spite of their faces... just an old saying that rings true in this case. I too worry about the next generation of farming, we have a trust. Don't know how well that protects our heirs, but it's a question for our accountant I guess...God Bless y'all and keep em coming. Nice work Molly..or ie?
Too many people think of farmland or small businesses that pass to the next generation as an "inheritance", it's not, that generation has often been working since they were small children on that farm or in that family business...that's equity that they have earned.
Excellent video Ben, times are changing very fast.
Thanks for watching
What if we all just threaten to stop farming and ranching unless this law is changed. The rich and those urban liberals cannot survive without us ,they will be forced to heed to our demands.
Now that would be terrifying to witness. A farmers strike.....
Hope you sent this to your representatives in Congress your video.
Write them also.
Ok wow, so much to unpack here...I’m a admittedly liberal leaning GenX farmer, I understand your concern and share it. I’ve also been around the block enough times to have watched AG politics and politics in general for a good 30+ years. Political policy, on any issue, is a negotiation, and this isn’t the first go around on this one. Tax policy in the U.S. had some major glaring inequalities between wage earners and investors, this isn’t new. Farmers in particular and small to medium size business owners have become a minority of taxpayers, unfortunately the tax code has always struggled to differentiate between small business and large. You pay taxes, as due we, what the progressive movement is focused on now are the Amazon’s who pay virtually nothing. We are caught in the middle, many in the rural and small business community have gravitated to the more conservative side of the political spectrum despite receiving little more than lip service in return, the result is we are now all but ignored by the the political left. I have only watched this situation get worse. States like Iowa, Indiana, Illinois, and Nebraska, used to have one Republican senator and one Democrat. Not so anymore, it’s to bad because this helped balance the interest between the parties. We must have our roots on both sides of the row to have our message heard. The more pressing tax issue we face in my home state Kansas, is the rapid escalation of property taxes. In the last decade our land taxes have tripled + and Kansas is as red as it gets.
Great video! I’m not even a farmer or small business owner and that scares me.
You should team up with "ice age famer" to get the message across.
Thank for sharing, hard to hear. Yet I think it is time to work on getting a better way of transferring farms to the next generation. I do not like to see farms going to housing, or stripmalls, the unused city blocks can be reused for that. Not sure what the solution is, but I ask you to maybe write to the present administration, and local government and suggest a fairer way of transferring farms. Time to take things into your own hands, peacefully, yet your voice needs to be heard. The government works for us, not we for them as its has been doing, time to turn things around.
Thank you so much,,i live in south east Mt on a cattle operation and have watched the end of the oil field and the bad hay year,we still set half tire water tanks and put in water hydrants
Thanks for putting this together! 🙏🏼❤️🇨🇦