Farm heirs may fear estate tax, yet income tax can hit harder at succession....

https://jaredsmasterinsights.nexorafield.com/posts/can-an-irrevocable-trust-make-me-lose-the-step-up-in-basis

Farm heirs may fear estate tax, yet income tax can hit harder at succession. Sell gear, and depreciation recapture can tax past write-offs. A basis step-up sets a new tax value for inherited land or gear, which may cut tax on a later sale