In my class, many are in the same financial situation as I am in with my parents. In my case, my parents have taken out a life insurance policy that will pay the death taxes so I will get the farm provided they continue to be able to pay the premium. Others are not so lucky. The federal government may need the money provided by inheritance taxes but it is just unfair to take money in this way and makes no economic sense. Either the government should reduce spending or find a fairer way to finance its activities.
Farms become increasing productive based on continued investment.
In many cases investments in farms must begin anew with each new generation because farms are sold in advance of death or to pay inheritance taxes. If farming ventures had a long term future then investments could be made for the long term. If you want to really promote agriculture entrepreneurship then only eliminate inheritance taxes on farms. This will have all sorts of families investing money in agriculture. I do not think there is a silver bullet for making entrepreneurs successful.