Investments

1031 Exchange Trends for 2016

From the 1031 Insider Newsletter, IPX Investment Property Exchange Services, Inc. January, 2016 FIRPTA – What the Change to FIRPTA Withholding Means for You Under current federal law, if a foreign person sells US real property, the buyer is obligated to withhold 10% of the gross sales price and remit this to the IRS. Pursuant to the Protecting Americans from Tax Hikes Act of 2015, however, which became law on December 18, 2015 (the “PATH Act”), the required 10% withholding will increase to 15% for all closings occurring on or after February 16, 2016. There is an exception to the …

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It Is Not About Your Equity

by Peter Martin | AgWeb.com Like most farmers, the bulk of your net worth is likely in the equity of your ground. But you might have discovered a “land rich” net worth, even a sizeable one, doesn’t assure banks will approve a loan renewal. Generally speaking, ag lenders are cash-flow lenders. Like you, they don’t like low commodity prices. While your net worth is important to them, they’re far more interested in a positive cash flow that allows loan payments to be made as agreed. That’s not easy today. Many of you are struggling to pencil out a breakeven, let …

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New Dairy Facility for Littlefield Texas

New Dairy Facility for Littlefield Texas Note: Eric Turpen is an Associate Broker with Clift Land Brokers. He manages our Littlefield, TX branch office and is currently serving as the Mayor of Littlefield. Eric was instrumental in bringing the new Select Milk Producers facility to his community. LITTLEFIELD – Select Milk Producers will eventually bring about 150 jobs to this economically-recovering Lamb County town, company representatives said Friday morning. The Artesia, New Mexico-based dairy foods company has invested $250 million to upgrade and expand the facility just east of town that until January housed the American Cotton Growers denim mill. It’s aiming at …

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