LOCAL • INDEPENDENT • FREE Volume 15
•
Issue 33
•
August 20 – August 26, 2021
•
saratogaTODAYnewspaper.com
•
518- 581-2480
FARMING DILEMMA A Local Farmer’s Struggle with Succession Planning by Jaynie Ellis Saratoga TODAY CHARLTON — David Wood owns one of the largest farms in Saratoga County, but estate tax increases are threatening the future of his farm. Wood does not yet have a family member ready to inherit Eildon Tweed Farm. If a long-time employee, per se, were to take over
AS W N
RE
AR W ER
LA
SE
NS
-1,914 -3.0%
N TO
NG HI
+30 0.0%
RE
Y AD CT
NE
See Story pgs. 10 & 11
+1,701 1.1%
HE SC
NY BA
AL A
G TO RA
See Story pg. 12
SA
BALLSTON SPA — The Saratoga County Board of Supervisors held their full monthly meeting in Ballston Spa on Aug. 17, during which they read proclamations noting the upcoming 20th Anniversary of the attacks on 9/11, the efforts of area non-profit organization during
COVID-19, and recognized the county Women in Government Leadership Program. The board also adopted 30 different resolutions. The following were among the measures adopted: American Rescue Plan • The Board authorized the acceptance of $22,324,096.50 in Federal Aid under the American Rescue Plan Act of 2021 (ARPA).
GROWING
+3,334 2.2%
$22.3 Million
See Story pg. 16
CENSUS
+10,644 3.5%
RESCUE PLAN
+15,902 7.2%
Eildon Tweed Farm. Photo provided.
by Thomas Dimopoulos Saratoga TODAY
his farm when he retires, federal tax policies do not include exclusions for anyone other than direct family members. Therefore, his successor could potentially have to sell the farm just to foot the federal tax bill. “It is quite an undertaking, but we are hoping to make provisions,” said Wood, about having a family member inherit the farm in the coming years.
•