Search Results for: estate taxe

We hope none of you are planning on dying anytime soon, but the reality is that we all go at some point.  For farmers and ranchers who own land that will be passed on to the next generation, a little planning, and some background in inheritance taxes could make it a little easier on your […]

In Part I of Death and Taxes we looked at the Federal “Death Tax” and found that changes to the tax laws have reduced the worry for most farms, ranches and small businesses. But you’re not out of the woods until you know a bit about your state estate taxes. So check it out!

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 […]

I recently received a note from a young friend (let’s call her Peggy Sue) who desperately wants to be a rancher. Since her childhood she has dreamed of working with animals. She has learned about marketing and economics. She’s studied hard and become a competent grazier. She’s done some hard work. But she’s getting a […]

On Pasture has no position on the current tax reform legislation, nor are the editors experts in tax law, the proposed legislation, or how it might affect different people and businesses. Taxes are a complex ecosystem of rules and regulations and it always helps to have more information about how different changes will alter the […]

In the spirit of examining ways to acquire land through seller-financing, it is time to take a look at land contracts.  The land contract is a variation of the owner-financed sale, with both mechanisms being a way for a farmer-buyer to come to terms with an owner-seller, independent of third-party bank financing or complementary to […]

There are fewer farm acquisition arrangements more attractive for new farmers than the owner-financed sale.  It can be a win-win situation for both the farmer-buyer and owner-seller,  as long as both parties are well aware of the risks before entering into an agreement. In an owner-financed sale, title is passed to the farmer-buyer, and the […]

Conservation easements are a way to protect open lands such as farms and ranches, wildlife habitats, historic and cultural sites, and scenic vistas from development, while keeping them in private ownership. Conservation easements are flexible to meet the needs of the landowner, protect private property rights while providing compensation to landowners, and can be a […]

Farmers and others interested in maintaining the working landscape need to plan carefully in order for farms to be successfully transferred. This is true if the transfer is within a family from one generation to the next or between unrelated, retiring and beginning farmers. One of the most important aspects of a successful transfer is […]

Here’s what lenders are looking for and what you can expect as you go through the process of borrowing money from a bank. It’s good information even for those who’ve gotten loans in the past.