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 - Gettin My Old Tractor Home - by Clayton Sweeney. My name is Clayton Sweeney. I am from Southern Maryland in a small town called Lothian. I am 20 and my father and I are the proud owner of a 1954 Allis Chalmers WD-45. When I was 18, I dated a girl in the next county over. Her family are tobacco farmers. It was a cold Thanksgiving evening, and we were going up to her Grandparents house. As we passed one of their barns, I noticed something orange in the corner of my eye in this old shed. It was pretty dark and I asked what it was
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