FARM BUSINESS NEWS
Ask the Taxman by Andy Biebl
Andy Biebl DTN Tax Columnist
Mon Jun 9, 2014 10:40 AM CDT

DTN Tax Columnist Andy Biebl is a CPA and principal with the accounting firm of CliftonLarsonAllen LLP in New Ulm and Minneapolis, Minn., and a national authority on agricultural taxation. To pose questions for upcoming columns, email AskAndy@dtn.com.

QUESTION

My wife and I operate a 600-acre grain farm and are ready to retire. We have no family members interested in farming, but there is a young neighbor couple that would like to buy or lease our farm. Our land is worth about $4,500 per acre. The young couple also would purchase our equipment, which is worth about $750,000, using ...

Quick View
  • Betting on Shorter Beans Researchers at the University of Nebraska and Purdue University have pinpointed a gene that produ...
  • Super Food Silage has never gone out of fashion in Bath County, Kentucky, even when the lure of $6- to $8-pe...
  • Farmers Pivot Back After Storms The majority of center pivots damaged by severe weather earlier this summer in Nebraska are up an...
  • Pick Contingency Plans - 3 As crop prices and insurance coverage swoon, farmers may need to supplement incomes with federal ...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • AFBF Appeal The American Farm Bureau Federation asked a federal appeals court to reverse a lower court's Sept...
  • Pick Contingency Plans - 2 Commodity payments are largely capped at $125,000 per person. People must also report under $900,...
  • Ask the Vet Some tips on fly control.
Related News Stories
Taxlink by Andy Biebl
Taxlink by Andy Biebl
IRS Targets "Passive" Landowners
House OKs Business Tax Breaks
Taxlink by Andy Biebl