Capital gains taxes are based on the change in the value of an asset, such as farmland, livestock or timber, when that asset is sold. Currently, the top capital gains tax rate is 20%. To reduce the capital gains tax, farmers and ranchers use stepped-up basis, which provides a reset for the basis during intergenerational transfers.
Cook County’s Legislation and Intergovernmental Relations Committee remains committed to revising the county’s ethics ordinance, specifically, sections related to fiduciary duty. The changes provide that officials, Board or commission appointees, and employees shall disclose any conflicts of interests to the appropriate party and recuse oneself from voting or participating in a decision involving the conflict of interest.
Join us as we kick off the Cook County Farm Bureau Summer Selfie Contest! We are holding this contest to obtain usable and appropriate photos that accurately portray today’s agriculture in Cook County. Win one of three cash prizes in three different categories in June, July, and August.
The Cook County Farm Bureau® and the University of Illinois Extension continue to partner on a project that benefits local Farm Bureau members and the general public. Since Monday, April 12th, the Master Gardeners have been available to answer questions from members and the general public related to gardening and horticulture. This program will run through mid-November of 2021.
A third of the food and drink individuals consume depends on pollination. As a keystone group, the survival of many other plant and animal species depend on pollinators for their survival. Pollinators include bees, butterflies, moths, beetles, flies, birds, and bats.
Discover The Farm Bureau
Our mission is to serve all of the Cook County Farm Bureau® members with meaningful and beneficial programs that reflect our agricultural heritage.