California’s Proposition 15, which would have assessed business property taxes, including agricultural properties, based on market value instead of the purchase price, was defeated by over 550,000 votes as of Nov. 11.
“For months, we’ve said Prop 15 would hurt farmers, ranchers and ultimately all families, through higher food prices,” California Farm Bureau Federation President Jamie Johansson said. “What’s clear from these results is that more than 8 million California voters recognized this reality and agreed with our efforts to stop this ill-advised initiative.”
Along with Western Growers and the Agricultural Council of California, the bureau formed a coalition, Family Farmers Against Prop 15, to defeat the measure.
