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Because you can pass it on without taxes...oh.
Hang on, actually maybe the new tax will lower the land values to the extent that even fewer farms will meet the threshold?
ELbowloh-
So is it the iht exemption that is killing the culture of farming families then? How many hight value farms have passed from framing families to novice farmers in the last 2 decades? Would these novice farmers have bought the farms otherwise? Do they farm that land? Will their kids farm that land? Do they have tennent farmers on the land? Would those tennent farmers have been able to afford some land if the novice farmers hadn't bought it?
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That is what I have been saying.
dst2
lynx
If you have some farm land that can't be built on but doesn't make much profit each year, why is it valued so high?