Almost no farm that is financially viable is worth less than a few million. IF Captial gains assessment is made and taxed when NO GAIN has been made then the outcome is clear. Chunks of the farm would have to be sold every year to pay the stupid tax which doesn't exist anywhere else in the world for very good reasons. Its DUMB. A slippery slope in this one is not acceptable.
Tax income and gains by all means. Taxing fictious valuations is not on in my books until the money has been made!
