Posted by LAA on July 24, 2012 at 10:51:20 from (86.51.147.113):
In Reply to: farm sale posted by Dale in IN on July 24, 2012 at 06:27:36:
In my area the high priced land is selling to long established farmers with money, corporate farming operations and investors with cash looking for a respectable return and a little favorable tax relief. People subject to high capital gains taxes like farm land for several reasons, roll over the money and defer paying the tax, make income from the land in the meantime and maybe the tax rates will go down, even if land values go down and you sell it you still pay less tax on the original gains, you would be surprised how many people would rather do business and lose money than pay taxes. Having land available to rent is not a bad deal when you consider that it is about the only way for a young independent man to get started these days.
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Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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