FARM BUSINESS NEWS
Senior Partners - 9
Elizabeth Williams DTN Special Correspondent
Mon Oct 14, 2013 11:44 AM CDT

AMES, Iowa (DTN) -- With land prices knocking on all-time highs, off-farm heirs are looking at ways to cash in their inheritance. And these minority shareholders have gained significant bargaining power, at least in Iowa.

In the case of Baur v. Baur Farms Inc., the Iowa Supreme Court recently sided with minority farm corporate shareholders. Its ruling would force the on-farm majority shareholder to buy out the off-farm heir at fair value.

In that case, the off-farm heir complained he was nearing 80 years old and before he died, he wanted to cash in on the family farm he inherited ...

Quick View
Related News Stories
Vermont Law on GE Food Stands
Trade Promotion Odds Seen as Good
West, Texas: 2 Years Later - 1
Egg Executives Sentenced
DTN Weekly Distillers Grains Update
Private Funds Flow to Wheat