Is this straight cash or assets?
NC farmers can EASILY reach 3 million in combined assets.
At $3.5 million, the CBO estimates that less than 200 farms would even have to file. There's about 2 million family farms nationwide, so that would be .01% of all farms. And only if the farms are holding that in nothing but liquid assets and not in trusts (which is not the case if the farm owner has done any planning whatsoever).
The average tax rate at $3.5 million would be 1% for those farms. To date no example no one has been able to cite an example of a family losing their farm due to estate taxes.