FARM BUSINESS NEWS
Marcia Zarley Taylor DTN Executive Editor
Tue Mar 11, 2014 06:34 PM CDT


Why Seniors Keep a Grip on Land



The link between aging farm landowners and capital gains rates is no coincidence: Many elderly farmers simply can't bear to share the proceeds of a wise lifetime investment when their heirs can have all past capital gains forgiven at death. This sentiment has become even more pronounced since good Iowa farmland runs $10,000/acre today but could have a tax basis as tiny as $200/acre if acquired in the 1950s. Is it any wonder that more than half of Iowa's farmland is owned by seniors who qualify to collect Social Security ...

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