Estate Tax And Farm Income Outlooks


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Feb 02 2025 14 mins   1
Farmers face unpredictable challenges from changing weather to fluctuating markets. Expiring tax laws may add to their uncertainty later this year. In fact, if the tax cuts expire, farmers will face more than a $9-billion tax increase between income taxes and estate taxes. On this Ohio Farm Bureau Podcast, we visit with experts from Wright and Moore to learn more about the 2025 estate tax outlook and what different possible scenarios could mean for farm families. Plus, what is the farm income outlook for this year? A specialist on the matter from Ohio State weighs in.