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 […]
Read More →Transferring Farm Assets or Retiring From Farming: Tax Tips When You’re Selling
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 […]
Read More →How to Get Your First Farm Loan
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.
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