By Mike Barnett
As Congress continues to spin in the ruts of indecision and partisan politics, agriculture is left high center as tax rates high on the list of concerns as farmers and ranchers make plans for next year.
The administration has scheduled meetings with leaders of both parties this week to consider the direction of tax policy.
Especially important to farmers and ranchers is the fate of the estate tax, which is zero until Dec. 31 as Congress let the provision expire. However, if this important measure is left unattended, the estate tax will roar back next year with a $1 million exemption and a killing 55 percent tax rate.Read More