In this article, I will go into more detail on a very important part of the succession process: income tax. (In the February 9 Grainews, page 44, I had listed five basic steps to help start and progress a viable succession plan for your farm business.) While there may be many years where a farmer […] Read more
Here are five tools to help you reduce the tax burden of farm transfer
Don’t put off your farm succession planning any longer. Here’s how to start
As the owner of a family farm business, you have undoubtedly thought about what the future holds for you and your family. Your concerns probably extend to what you are going to do with the farm once you retire. Having a sound and relevant succession plan in place is one of the most important things […] Read more
Cyber-Savvy Farmer
