Wautoma, WI
Current Conditions
0:56 AM CDT
Clear
Temperature
76°F
Dew Point
51°F
Humidity
42%
Wind
SSW at 7 mph
Barometer
30.26 in. F
Visibility
10.00 mi.
Sunrise
06:45 a.m.
Sunset
06:53 p.m.
Afternoon Forecast (12:00pm-7:00pm)
Temperatures will range from 73 to 68 degrees with clear skies. Winds will range between 4 and 8 miles per hour from the southwest. No precipitation is expected.
7-Day Forecast
Tuesday
73°F / 50°F
Partly Cloudy
Wednesday
71°F / 51°F
Mostly Cloudy
Thursday
74°F / 56°F
Partly Cloudy
Friday
74°F / 55°F
Sunny
Saturday
75°F / 55°F
Sunny
Sunday
76°F / 52°F
Scattered Showers
Monday
59°F / 44°F
Light Rain
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Tuesday...Temperatures will range from a high of 73 to a low of 50 degrees with partly cloudy skies. Winds will range between 4 and 8 miles per hour from the south. No precipitation is expected.
This Evening ...Temperatures will range from 64 to 53 degrees with mostly clear skies. Winds will remain steady around 7 miles per hour from the south. No precipitation is expected.
Overnight ...Temperatures will range from 52 to 50 degrees with partly cloudy skies. Winds will remain steady around 6 miles per hour from the south. No precipitation is expected.
Wednesday...Temperatures will range from a high of 71 to a low of 51 degrees with mostly cloudy skies. Winds will range between 3 and 11 miles per hour from the southsoutheast. No precipitation is expected.

Death Tax Repeal Act 'Gets the job done'

June 27, 2013 | 0 comments

The American Farm Bureau Federation supports legislation introduced in both the House and Senate that would permanently repeal the estate tax. Sen. John Thune's (R-SD) bill, The Death Tax Repeal Act of 2013, coupled with bipartisan legislation of the same title introduced by Reps. Kevin Brady (R-TX) and Mike McIntyre (D-NC), is welcomed by America's farm and ranch families.

While significant tax relief was enacted last year to help farmers cope with estate taxes, AFBF believes that permanent repeal is still the best solution to protect all farms and ranches.

The legislation introduced would repeal the estate tax, maintain stepped-up basis and make permanent a 35 percent maximum gift tax rate and $5 million lifetime gift tax exemption indexed for inflation.

"Individuals, family partnerships and family corporations own 98 percent of our nation's 2 million farms and ranches," said AFBF President Bob Stallman.

Stallman added, "When estate taxes on an agricultural business exceed cash and other liquid assets, surviving family partners may be forced to sell land, buildings or equipment needed to keep their businesses running. This not only can cripple a farm or ranch operation, but also hurts the rural communities and businesses that agriculture supports."

The value of family-owned farms and ranches is usually tied to illiquid assets, such as land, buildings and equipment, said AFBF.

With 85 percent of farm and ranch assets illiquid, producers have few options when it comes to generating cash to pay the estate tax.

Recent increases in agriculture cropland values, on average 15 percent from 2011-12, have greatly expanded the number of farms and ranches that now top the estate tax exemption.

"Farm Bureau believes the estate tax should be eliminated permanently," concluded Stallman. "We fully support The Death Tax Repeal Act of 2013 to get the job done."

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