Distribution of family farm operator estates, estate-tax returns, and estate taxes across farm types, 2015F

Percent of farms

Bar chart with 3 groups with 4 items per group.

Group 1, Small family farms.
Item 1, Estates 93.1.
Item 2, With estate-tax returns 55.6.
Item 3, Owing estate taxes 28.6.
Item 4, Estate tax owed 11.9.
Group 2, Midsize family farms.
Item 1, Estates 4.4.
Item 2, With estate-tax returns 19.5.
Item 3, Owing estate taxes 32.1.
Item 4, Estate tax owed 18.8.
Group 3, Large-scale family farms.
Item 1, Estates 2.5.
Item 2, With estate-tax returns 24.9.
Item 3, Owing estate taxes 39.3.
Item 4, Estate tax owed 69.3.

Note: If an estate has a value greater than the exemption amount ($5.43 million in 2015), it must file a return. The estimate for estates needing to file estate-tax returns assumes that the exemption amount from a former spouse is not available (no exemption portability). F=forecast based on 2014 data. Small family farms have gross cash farm income (GCFI) less than $350,000. Midsize family farms have GCFI of $350,000 to $999,999. Large scale-family farms have GCFI of $1,000,000 or more. Nonfamily farms are not included. Source: USDA, Economic Research Service using data from USDA's Agricultural Resource Management Survey, 2014.