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Re: O.T. Legal Opinion??
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Posted by jc on September 10, 2004 at 14:13:43 from (63.147.94.151):
In Reply to: O.T. Legal Opinion?? posted by 70 Mo on September 10, 2004 at 10:30:39:
If your sons don"t want to farm but want to keep the farmland the NRCS has the Farm and Ranch Lands Protection Program. You sell the development rights for half of the appraised (for development) price. You get the money,keep the farm and you, or whoever owns it after you, can sell it at farmland price in the future. I know about the location thing,but I just read about a guy who recieved 1.3 mil. for rights on 400+ acres and still has his farm.
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