To amend the Internal Revenue Code of 1986 to increase the limitation on the reduction in fair market value of real property used for farming, or in another trade or business, for purposes of estate taxes.

Amends the Internal Revenue Code to: (1) increase to $3.5 million the limitation on the reduction in the fair market value of real property used for farming or in another trade or business for estate tax purposes; and (2) allow an annual inflation adjustment to the limitation amount after 2010.