NEWS
Senior Partners - 11
Elizabeth Williams DTN Special Correspondent
Thu Oct 20, 2011 01:03 PM CDT

INDIANOLA, Iowa (DTN) -- Earth to earth, ashes to ashes. But instead of dust, some of the senior citizens who earned a lifetime of wealth from the soil are returning those riches to their communities after their deaths.

Farmland bequests are building medical clinics, sprucing up senior centers, landscaping parks and underwriting child care centers. In other words, the transfer of farmland wealth aims to reverse rural America's 100-year decline.

It's the ultimate win-win situation for farmland owners without heirs: They can take advantage of high farmland prices, reduce capital gains taxes, lower estate taxes and help their hometowns to ...

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