Saratoga TODAY August 20-26, 2021

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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

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See Story pgs. 10 & 11

+1,701 1.1%

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See Story pg. 12

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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

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+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.


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