Farm & Family: Among cash-rent, crop-share and flex-lease agreements, a flex lease is the most popular, benefiting both farming and nonfarming heirs.
Country Counsel: Understand tax and estate plan implications. The IRS allows anyone to gift up to $15,000 annually to an unlimited number of people.
Legal Matters: It is a great time to start dairy farming or to buy a second farm.
“Returning to the Farm” will be Jan. 10-11 and Feb. 8-9 in Ames, Iowa.
Farm & Family: When questions arise, details are spelled out in a written document, eliminating the confusion and instability that could arise when lease agreements are verbally made.
Author learned a life lesson removing “crop invaders” that has value for farmers.
Profit Planners: Tread lightly where relatives are involved in business decisions.