I don't know that the family farm still exists in most cases. You may fly over a parcel of land that looks like one farm, but it's really a variety of legal structures and parcels spread all over. I also heard a senior Finance official, on Monday during the discussion of this thing, raise questions about the interpretation. I'm not a technical tax expert. It's been a long time since I was involved, but they were saying that this interpretation is not necessarily correct.
On September 28th, 2017. See this statement in context.