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Study of Nearly 1,000 Family Business Owners E. The Impact of Estate Taxes on Agriculture and Beef
Agriculture sales exceeded $177 billion in 1993. Sales of cattle and calves amounted to $39.9 billion in 1993 -- almost 23% of all agriculture marketings.17 Combined sales for the 39 family agri-businesses surveyed totaled $740 million -- less than one-half of one percent (.0042) of the total agriculture market. Table 6 represents the estimated impact of estate taxes and planning costs on agriculture and beef producers based on the assumption that other firms in the industry operate in the same manner as the firms in this sample. | |