NEWS
Cash Out and Keep Farming
Mon Oct 7, 2013 01:54 PM CDT

John Gomez, of Buhl, Idaho, recently sold a family farm to an investor. But he plans to continue producing crops on the land for at least three years. Gomez sees the sale and leaseback as a way to eventually retire.

Through a mutual acquaintance, Gomez met with representatives of U.S. Trust, a division of Bank of America Private Wealth Management. One of the bank's investor clients purchased the farm.

"The investor hasn't visited, and I doubt that he ever will," says Gomez, who says his farming practices haven't changed since the deal was ...

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