—Lancaster Farming, Saturday, April 10.1976 14 Inheritance tax law criticized YORK County farmers are waiting anxiously as the government eyes an inheritance tax bill that would raise the family farm tax exemption from $60,000 to $200,000. Although President Ford had long stated bis opposition to such a measure, he recently acquiesced to a $150,000 figure. A discussion of the issue at a recent board meeting for the York County Farmers’ Association focused on the real threat the present taxes are to the survival of the family farm. President Wayne Beshore, New Cumberland, asserts, “Because farmers have a vested interest in main taining their farm Washington parley [Continued from Page 1] Motel at 7:00 and 7:20 ajn., respectively. The trip is open to cooperative members, including wives. Lunch will be provided. John Barley, Millersville, and Charles Rohrer, Strasburg, are chairing the event in Lan caster County. Buses will be bade in the County Tuesday evening, since ideal mem bers are planning on being in the capital for just one day. The bus trip from Lan caster County and central Pa. areas (Blair County) is sponsored by Inter-State and is therefore open to mem bers only. Dairymen in terested in going are asked to notify either John Barley (8724058) or Charles Rohrer (687-6940). Organizing the group of Inter-State dairymen are members of the Young Cooperator Consultant Committee, an active group of young cooperative members. Those attending the two-day symposium at the International Inn in Washington will hear TRY A CLASSIFIED COMPLETE FARM PAINTING We Use Quality PAINT AND IT DOES STAY ON!! AERIAL LADDER EQUIPMENT * Modern and Efficient Method * Reasonable Prices * Spray-On and Brush-In Method * Sandblasting if Necessary FOR FREE ESTIMATES WRITE: ESH SPRAY PAINTING (Daniels Esh) (C Ralph Miller) SPRAY-ON AND BRUSH-IN PAINTER BOX 350 A RONKS PA 17572 businesses in their families, they are in the vanguard promoting the proposed legislation. But in so doing,) they are really supporting the interests of all small businessmen.” Dairyman Roger Perry, Indian Rock Dam Road, pointed out that in 1942 when the law was written, land was valued at $2OO or less per acre. On the average, a 100 acre farm valued at $20,000 then would have passed “virtually free of taxes to an heir with the $60,000 exemption. “However, today with land values at about $l,OOO per acre, that same farm would be valued at $100,000; and heirs of the property in many authorities such as Orville Freeman, former U.S. Secretary of Agriculture; Senator Herbert Talmadge, chairman of the Senate Committee on Agriculture; Congressman Robert Kastenmeier, member of the House Committee on the Judiciary; 'Herbert L. Forest, director of the Dairy Division of the U.S. Department of Agriculture, and others. Highlighting the symposium will be a panel on Wednesday consisting of James E. Honan, secretary and general manager of Inter-State Milk Producers’ Cooperative. Glenn Wagner, legal counsel for Milk, Inc., and Glenn Lake, president of National Milk Producers Federation. The symposium is spon sored by the National Milk Producers’ Federation and its member cooperatives. yC 5 yr. Avg. ~ 159 bu. 5 yr. Avg. , . . The Gutwein Challenge is being fair to yourself. Place we are proud of these but we aren’t satisfied and we know your favorite hybrid of the same type and maturity in the you aren’t either until you compare them on your own farm, same field the same day with all conditions being alike, so let’s make 1976 a year of discovery. After all this has been done they should be checked side by side and weight and moisture test taken. CARROLL ANDERSON MEL BRANDT RAY A. BRATTON RICHARD BRECXBILL BERNARD J. CLARK EU DETURK - DUTCHMAN FEED MILL ROY E. EVERHART ROSS J. GARLAND ROBERT C. GREIDER JOHN HERR EU HOOVER HURST BROS. MILL DALE JARDINE CREOON JUMPER LADY NORMAN, INC. PAUL MARTIN STEVE MOLNAR RAYMOND MOYER MURPHY & CLOUSE KENNETH W. MYERS EARL NOLT . WALTER OCKER cases are being forced to'sell the farms to pay the estate tax,” he stated. Pushing a pencil on the figures, Perry notes, “In all fairness, there should have been an escalation clause to make and keep the rate of taxation in line with'the original law.” Had that clause been in cluded in the 1942 legislation, the present exemption would be about $300,000, a figure equaling three times the value of the property. But even under current con ditions, an exemption of over $175,000 would be necessary just to equal the 1942 pur chasing power of $60,000. Because of an effective estate A plan, Charles Raubauser now owns his parents’ dairy farm without too much of a tax burden. But most of his success in maintaining the farm without great expense lies in the fact that it had been willed to his mother by her parents. When his father died, his mother worked out an agreement for him to buy. C OMMERCIAL, HOME, FARM v BUILDERS INC. DESIGNERS - BUILDERS Farm buildings -CALL OFFICE 717-786-1403 HOME— 717-786-4479 717-786-4314 717-529-2388 RD2 BOX 190 QUARRYVILLE, PA 17566 Gutwein having 40 years in seed com research igbn. ' has attained some outstanding records. GUTWEIN GROWS THROUGH CUSTOMER SATISFACTION. Red Lion, PA Kirkwood, PA McVeytown, PA Oxford, PA Frederick, MO Oley, PA Ephrata, PA Middletown, Md. Warfordsburg, PA Columbia, PA Grantviße, PA Reinholds, PA East Earl, PA Carlisle, PA Carlisle, PA Btfenille, PA Richland, PA PhilKpsburf, NJ Manheim, PA Carlisle, PA Union Bridge, MO Lancaster, PA Chambersbutg, PA Had his father owned the Dover property before his death, the circumstances would have been quite dif ferent. That situation would have resulted in the popularly termed “Widow’s Tax” on the half of the property not exempt from taxes Rauhauser’s mother would have inherited. While current law provides that the marital deduction shall not exceed SO per cent of the value of the adjusted gross’estate, section 3 of the proposed bill would increase the marital deduction to $lOO,OOO plus 50 per cent of the value of the estate. “If indeed the government views the family farm as an important and vital com ponent of the American economic system,” Rauhauser contends, ‘‘Washington D.C. legislators should safeguard its existence instead of taxing them out of business.” In describing the farming businessman, Paul ‘ Mc- Pherson, New Park, puts it DEALERS TO SERVE YOU: 717-244-1124 717-529-6374 717-199-6262 215-932-3307 301-473-1131 215-669-5423 717-733-3020 301-371-6513 717-294-3216 717-664-7769 717-469-2401 215-267-5529 215-445-4131 717-249-4983 717-243-0544 717-577-6191 717-666-4226 201-6593344 717.-665-2036 717-2492963 301-648-6795 717-6997075 717-2695147 HARRY PEIFER HOWARD PYSHER WILLIAM RENNO edwin scon GEORGE STAMBAUGH CHARLES SWAILES ROY WILDESON WILLIAM YOKE ARTHUR ZUG this way: “You have to consider the fanner as a .small businessman whose sell out value has risen from several thousand dollars to several hundred thousand Pine Grove, PA Bargor, PA DanviVe, PA Malvern, PA Ncwville, PA Willow Hil, PA Chambersbuti, PA Sprint Grove, PA Port Royal, PA FOR DEALER INFORMATION WRITE: HAROLD J. DIETRICH RDI, Box 96 Richland, PA 17067 DISTRICT MANAGER FOR: FRED GUTWEIN & SONS, INC. Francesvile, Ind. 47946 dollars in land, machinery, livestock and crops. He has skimped and saved all his life with little more to show for his efforts,than an oc casional new pick-up trade.” Al2O day 196 bn. 1974 717-3496482 - 2195691197 717-672-9480 215-644-9113 717-7793883 717-3492491 717-2694296 717-225-4136 717-527-4906 174.3 bn. 1975 115 day
Significant historical Pennsylvania newspapers