If you are involved in farming, there’s a good chance your family owns some land. That land may have a lot of value and passing it from one generation to the next, whether that is inside or outside the family, can have a lot of consequences attached to it. It can be difficult to maintain family harmony and the sellers often want to have a plan in place to not see taxes eat up all the profit. We discuss a 721 plan, a method that many of us may not know. 

<p>If you are involved in farming, there&rsquo;s a good chance your family owns some land. That land may have a lot of value and passing it from one generation to the next, whether that is inside or outside the family, can have a lot of consequences attached to it. It can be difficult to maintain family harmony and the sellers often want to have a plan in place to not see taxes eat up all the profit. We discuss a 721 plan, a method that many of us may not know.&nbsp;</p>

A farmer-to-farmer conversation focusing on best practices to boost yields.  We’ll find out what’s working – and what’s not – in fields across farm country.

Farming the Countryside with Andrew McCrea

Andrew McCrea hosts a farmer-to-farmer conversation focusing on topics of interest in production agriculture and rural America. We’ll find out what’s working – and what’s not – in fields, pastures, businesses and towns across farm country. To listen, click on episodes below to listen download the AgriTalk app, search on Apple Podcasts or Google Play. Andrew McCrea also hosts American Countryside, which can be found here: http://americancountryside.com.

<p>Andrew McCrea hosts a farmer-to-farmer conversation focusing on topics of interest in production agriculture and rural America. We&rsquo;ll find out what&rsquo;s working &ndash; and what&rsquo;s not &ndash; in fields, pastures, businesses and towns across farm country. To listen, click on episodes below to listen download the AgriTalk app, search on Apple Podcasts or Google Play. Andrew McCrea also hosts American Countryside, which can be found here: http://americancountryside.com.</p>

Advertisement