Wautoma, WI
Current Conditions
0:10 AM CST
Rain
Temperature
48°F
Dew Point
48°F
Humidity
100%
Wind
SSE at 6 mph
Barometer
29.43 in. F
Visibility
2.50 mi.
Sunrise
07:02 a.m.
Sunset
04:24 p.m.
Afternoon Forecast (12:00pm-7:00pm)
Temperatures will range from 47 to 40 degrees with cloudy skies. Winds will range between 6 and 11 miles per hour from the south. Rain amounts between a tenth and quarter of an inch are predicted.
7-Day Forecast
Sunday
47°F / 35°F
Light Rain
Monday
35°F / 22°F
Light Rain/Snow
Tuesday
29°F / 17°F
Partly Cloudy
Wednesday
29°F / 11°F
Light Snow
Thursday
17°F / 7°F
Partly Cloudy
Friday
32°F / 14°F
Snow
Saturday
17°F / 8°F
Partly Cloudy
Detailed Short Term Forecast
Issued at 0:10 AM CST
Sunday...Temperatures will range from a high of 47 to a low of 35 degrees with cloudy skies. Winds will range between 1 and 18 miles per hour from the northwest. 0.72 inches of rain are expected.
This Evening ...Temperatures will range from 39 to 41 degrees with cloudy skies. Winds will range between 1 and 6 miles per hour from the east. Expect rain amounts between a quarter and half of an inch.
Overnight ...Temperatures will range from 40 to 36 degrees with cloudy skies. Winds will range between 10 and 18 miles per hour from the northwest. Rain amounts between a tenth and quarter of an inch are predicted.
Monday...Temperatures will range from a high of 35 to a low of 22 degrees with mostly cloudy skies. Winds will range between 14 and 19 miles per hour from the westnorthwest. Less than 1 tenth inch of rain is possible. Less than 1 inch of snow is possible.

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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