December 14, 2015

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.

December 7, 2015

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 […]

September 21, 2015

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.

July 6, 2015

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 […]

June 29, 2015

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 […]

June 22, 2015

Getting Down on the Farm: Navigating the Cost-Prohibitive Realities of Farmland

Do you remember what a junior high dance party was like? It may be too far in the rearview mirror for some of you, so I’ll refresh your memory. The girls are on one side, talking and keeping each other company while the boys are trying to look cool with their hands in their pockets […]

September 30, 2013

Death and Taxes – Estate Tax Realities

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 […]

September 9, 2013

Tips for Transferring the Farm to the Next Generation

You’ve heard it before, and you’ll hear it again. The average age of farmers and ranchers is on the rise. The last U.S. agriculture census showed that 25% of all farm operators are over 65. Here are some tips for those farmers and their families about how to transfer to the next generation.

Translate »