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Can't watch the video from my phone but I don't get the outrage in this thread. Who is the guy?
As far as I know is there is not one single case where children have lost the family farm due to the inheritance tax. It currently applies only to those inheriting over three million dollars.
I decided to look up some representative properties at http://www.landandfarm.com - a $3M farm could be as small as 21 acres in Texas with what looks like a really nice house (11,000+ sq. ft), or as large as 570 acres in Virginia, partially wooded (couldn't tell if there was a house). Also in the $3M price range were a lot of 320 acres in CA with no apparent house on it, but 'fully pipelined', and another one that was ~420 acres of 'seasonal livestock grazing' (also, no apparent house).So, in short, farm values are indeed all over the place.
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