Yes you can buy farmland with your ira

by Mike Downey https://www.farmprogress.com/commentary/yes-you-can-buy-farmland-your-ira Most people I work with own farmland, and many of them also own some type of retirement IRA. In transition planning, there is also a financial component to review what the income sources are during retirement. There is no doubt retirement funds invested in the stock market have performed very well over the last decade. However, as retirement nears the mindset about the stock market often changes and causes some to question whether there are other investment alternatives available for their funds. ‘I wish I could buy a farm with my IRA’This is a common expression …

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What the New Tax Law Means for Agriculture

New article May 16, 2018 by Farm Credit Bank of Texas (land.com) The largest overhaul of the U.S. tax code in three decades went into effect this year, impacting farmers, ranchers and other rural landowners in a variety of ways. For the most part, financial experts anticipate benefits for these groups. “The 2018 tax law changes include several items that I feel will be beneficial to agricultural producers,” says Burl Lowery, a Brownwood, Texas, certified public accountant and director of Central Texas Farm Credit. “The increase in the exemption in estate and generation-skipping taxes to $11.2 million in 2018 will …

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Greater Sage Grouse

Tuesday morning, at 9am, Secretary of Interior Sally Jewell made the announcement that the Greater Sage Grouse will not be listed on the endangered species list. “This is truly a historic day in the history of the American West cattle business,” said Oregon Cattlemen’s Executive Director Jerome Rosa. “Through collaborative efforts by ranchers, energy companies and conservationist reducing the decline of the sage grouse habitat in 11 Western states, the need for a listing was not needed.”  See entire article at AgWeb.com.