That shortage will prevent them from maximizing the potential from the farming operation. The process then repeats itself when they again will have to split that equity between the next generation of farmers and the next generation of government programs funded by the taxes collected. The alternative would be that my children would be able to take advantage of my years of hard work and to build upon the history of our family farm. To be able to withstand the ebbs and tides of the marketplace all while investing in their own future. That investment in a family farm means local grain dealers and merchandisers, animal health professionals, feed mills, equipment providers and suppliers and all those others in the community also profit from their profitability.
More immediate concerns involve the current capitol gains tax.
We applaud the recent improvements in capitol gains rates and support the current packages in congress that reduce those rates even further. The true answer to capitol gains is to eliminate it. The capitol gains tax and its result on farming and ranching operations across Missouri and this country is to force us to make investments and retain investments in ways that aren't always in our best interest. Investments in breeding livestock and the production of seedstock for your own operation have become a nightmare. The result is a shrinking Missouri seedstock industry and less than optimal business decisions on the part of the producers that support that industry.