Farms represent more than land and equipment. They hold generations of hard work, family history, and the foundation of American agriculture. But when a farm owner passes away, heirs can face staggering tax bills that force difficult decisions. Many families
Soil fertility drives everything in agriculture. Without it, even the best farming practices fall short. Good soil produces healthy crops year after year, while poor soil creates endless challenges for farmers and landowners. This fundamental truth affects everyone from small-scale
Selling one of your most valuable assets can bring many emotions. You may wonder how to choose the right Wisconsin land agent. You may want to consider how to market the property. There are also tax implications to consider. Getting
Most farm families want to pass their land down to the next generation without losing acres to taxes. The good news is that very few farms actually pay federal inheritance taxes. In 2022, only 87 farm estates across the entire
Inheritance documents are legal papers that control asset transfer after death or incapacity. Without proper documents, families face probate delays, higher taxes, legal battles, and potential loss of land to creditors. The real costs hit hard. Court proceedings drag on
Understanding “In-Kind” Compensation The IRS defines in-kind compensation as payment made in goods or services instead of cash. This can include anything from meals and lodging to crops or livestock. This form of payment provides some advantages to both the employer
When valuing farmland, accuracy is everything. A certified farm appraisal relies on a combination of local knowledge, professional expertise, and—most importantly—market data. But how exactly does market data shape the adjustments an appraiser makes when determining a farm’s value? Let’s
When it comes to farmland, not all appraisers are created equal. Many appraisers know about homes, commercial buildings, or real estate. However, valuing farmland is a special skill. It needs a strong understanding of the land and the agricultural market.
A complete guide to the steps forward and capital gains tax implications Inheriting farmland from an estate after losing a loved one is a major responsibility after an already difficult time for a family. After helping hundreds of families through
When considering hiring a farm manager to professionally manage your farm or a farm that has been in your family for a long time, the first questions that often come up are: What does a farm manager do? Can I
