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Easy Questions for Farm Succession

By   /  June 27, 2016  /  Money Matters, Transferring the Farm  /  Comments Off on Easy Questions for Farm Succession

It’s a tough topic, but a good one to get started on, maybe by thinking about these 10 questions. Maybe you can just stick them on your refrigerator as a first step. 🙂

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What Next? Planning Out the Succession

By   /  December 14, 2015  /  Money Matters, Transferring the Farm  /  Comments Off on What Next? Planning Out the Succession

You know you should do this, and you just don’t want to because, well, talking to family about these kinds of things can be sensitive and difficult. That’s why we’re sharing these tools from the Farm Journal Legacy project with you – to make it doable and maybe even pleasant.

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Family Home? Start the Succession Planning Conversation

By   /  December 7, 2015  /  Money Matters, Transferring the Farm  /  Comments Off on Family Home? Start the Succession Planning Conversation

It’s that time of year when family comes together. That means that if you haven’t started the talk about succession planning, now might be a good time to start. This is never an easy conversation to have, so the Farm Journal Legacy Project has put together some tools to help you along the way. You […]

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A Farmer’s Guide to Working With Land Trusts

By   /  September 21, 2015  /  Money Matters, Transferring the Farm  /  Comments Off on A Farmer’s Guide to Working With Land Trusts

Land trusts can work for you if you are trying to get a farm or ranch of your own or if you need to expand your current place. Here are some of the ins and outs of how, along with some great resources from the National Young Farmers Coalition.

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Transferring Farm Assets or Retiring From Farming: Tax Tips When You’re Gifting or Inheriting

By   /  July 6, 2015  /  Money Matters, Transferring the Farm  /  Comments Off on Transferring Farm Assets or Retiring From Farming: Tax Tips When You’re Gifting or Inheriting

Editors Note: This is Part Two on the ins and outs of U.S. Tax Law when passing on your farm and assets. Part One covered what happens when you sell them.  Gifting If you are giving a farm asset as a gift, the receiver gets the asset as well as the tax basis (the amount […]

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