FOR IMMEDIATE RELEASE
September 10, 2021
Contact: David Schuller
WASHINGTON – In a letter sent today to House and Senate leadership, NFU commended Congress for its work to secure historic investments through the budget reconciliation process.
The letter highlighted the importance of these investments for strengthening the American economy. However, it also reiterated NFU’s ongoing concerns with negotiations that could lead to the alteration or elimination of tax provisions that are essential to the economic well-being of family farmers, ranchers, and small businesses in rural communities.
“Burdensome new tax liabilities may lead to the premature sale of family farms and ranches and contribute to a worrying trend toward greater farmland consolidation and corporate control of our food system,” said Rob Larew, President, National Farmers Union.
Larew added, “NFU opposes elimination of the ‘stepped-up basis’ at death on the appreciation of assets, such as land, that family farmers and ranchers rely on to produce the food, feed, fiber, and fuel all Americans depend on.”
The full letter is available here.
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National Farmers Union advocates on behalf of nearly 200,000 American farm families and their communities. We envision a world in which farm families and their communities are respected, valued, and enjoy economic prosperity and social justice.
Look for us online at NFU.org and on Facebook, Twitter and Instagram.