NEWS
Taxlink by Andy Biebl
Andy Biebl DTN Tax Columnist
Tue Dec 4, 2012 09:13 AM CST

With today's high farmland values, even those who are not exposed to the federal estate tax have an exceptionally valuable asset that needs special attention in how it is passed to the next generation. There are tough questions to be addressed, and too often that leads to inaction. Here are some thoughts to help with that important process.

THE HORROR STORY

The easy solution is to pass the land to the kids equally -- and hope. In rare cases, undivided co-ownership may be successful if they all agree to lease to an outside party and the only agenda is maximizing ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Cattle Market There may be a little less bull in this fall's calf market, but the fundamentals still spell oppo...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 1 With sub-$4 corn forecast for multiple years, growers need to make a preemptive strike on their 2...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl answers readers' questions on depreciation recapture, defining a "true" lease and ...
  • Ask the Vet Does my calf have a hernia and is it repairable?
Related News Stories
Cash Rent Reset - 2
Cash Rent Reset - 1
California Drought Challenges
Cash Rent Reset - 3
Iowa Land Gets a Bounce
Klinefelter: By the Numbers
The Great Water War
Midwest, Plains Farmland Values Lower