The sunset of the Trump Tax Cuts is around the corner and might be here before farmers are ready for it. The current lifetime estate and gift tax exemption is $13.61 million, but it will be cut in half beginning in 2026. This means most farmers have about 18 months to make some major estate decisions.
Machinery Pete selects a pair of used two-wheel-drive loader tractors as his Pete’s Pick of the Week. He also discusses the oversupply of late model, high horsepower tractors pushing down prices on dealer lots.
The spread between your break-even with the cost of production model versus the cost of doing business model has never been as far as it is now. Be sure to know your true costs.
You’ve taken the risks and built a successful business. You give back to your industry and local community. Your story would help others push themselves to achieve success. Now it's time to apply for Top Producer of the Year.
