Wautoma, WI
Current Conditions
0:56 AM CDT
Partly Cloudy
Temperature
32°F
Dew Point
22°F
Humidity
66%
Wind
N at 16 mph
Barometer
30.29 in. F
Visibility
10.00 mi.
Sunrise
07:32 a.m.
Sunset
05:48 p.m.
Morning Forecast (7:00am-12:00pm)
Temperatures will range from 29 to 37 degrees with mostly clear skies. Winds will remain steady around 21 miles per hour from the north. No precipitation is expected.
7-Day Forecast
Friday
39°F / 26°F
Sunny
Saturday
44°F / 26°F
Sunny
Sunday
47°F / 28°F
Partly Cloudy
Monday
48°F / 33°F
Light Rain
Tuesday
45°F / 32°F
Scattered Showers
Wednesday
45°F / 32°F
Mostly Cloudy
Thursday
45°F / 32°F
Partly Cloudy
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Friday...Temperatures will range from a high of 39 to a low of 26 degrees with clear skies. Winds will range between 7 and 22 miles per hour from the north. No precipitation is expected.
This Afternoon ...Temperatures will range from 39 to 36 degrees with clear skies. Winds will range between 13 and 22 miles per hour from the north. No precipitation is expected.
This Evening ...Temperatures will range from 33 to 28 degrees with clear skies. Winds will remain steady around 9 miles per hour from the north. No precipitation is expected.
Overnight ...Temperatures will remain steady at 27 degrees with clear skies. Winds will remain steady around 7 miles per hour from the north. No precipitation is expected.
Saturday...Temperatures will range from a high of 44 to a low of 26 degrees with mostly clear skies. Winds will range between 1 and 8 miles per hour from the south. 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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