Senior Partners - 2
Elizabeth Williams DTN Special Correspondent
Mon Mar 30, 2015 06:32 AM CDT

INDIANOLA, Iowa (DTN) -- "Farmers live poor and die rich. Then what?" asked Minnesota farmer Glenn Krog, 79. Recent studies show farmland appreciation since 2000 has created new wealth in rural America, but that wealth hasn't necessarily filtered back to small towns. Many off-farm heirs are more likely to spend their inheritances in places like Chicago or Phoenix rather than where their farms are located.

Krog agrees a new approach is needed for rural development, so his estate plan assures that a portion of his farmland base will stay in local hands, with rents benefiting his hometown of Lake Benton ...

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