摘要：Farmers would be affected by a number of the proposed general tax cuts as well as several farm-specifictax provisions. This paper presents possible impacts of Farm and Ranch Risk Management (FARRM)accounts and proposed estate tax changes. FARRM accounts would be tax-deferred savings accounts tohelp farmers manage income variability. The accounts could allow many primary occupation farmersbuild a sizeable self-insurance safety net, but are not likely to reduce the need for government assistancesince many small farmers will be excluded due to low taxable farm income. Estate taxes are currentlypaid by about 4 percent of all farmers, but a much larger number are required to file, utilize specialfarm provisions, alter business practices, or engage in estate planning to reduce the impact of the tax.Proposals either to repeal the tax or significantly increase the exempt amount would virtually eliminatethe estate tax as a barrier to the transfer of the family farm to the next generation.
