by Mike Downey
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 I hear. Farmers and landowners are comfortable with farmland and how it works. Farmland is also a long-term, stable investment which has historically appreciated in value. Many don’t realize you can actually buy a farm with your IRA. READ ARTICLE