Estate Planning

Learn about farm estate planning to ensure a successful transition to the next generation. This section highlights succession planning, estate taxes, legal issues, and business management.

Design your farm succession plan first, then gift farmland

Make key decisions within your farm succession plan to prevent issues that arise from gifting farmland.

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When business owners divorce

Farm co-owner is concerned that divorce will put her kinds out of their jobs.

Article

Business decisions made 15 years ago aren’t working out

Farm couple looks at their irrevocable trust, life insurance, LLC, gifting, and C corporation.

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Successful Farming TV Show

Low-hour John Deere 9620 RX tractors sell at auction

By Successful Farming TV Show

The hottest piece of machinery today are track tractors. Dave travels to an auction to check out prices on a pair of John Deere 9620 RX tractors.

Low-hour John Deere 9620 RX tractors sell at auction

Video

Ageless Iron

1978 Ford Bronco: Freewheelin’ in Florida!

By Ageless Iron

1978 was a good year, y’know? Cool stuff happened that year. It was also the year Ford took the Bronco from the barnyard to the backwoods.

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Women in Agriculture

A shaking good harvest

By Women in Agriculture

A recent trip to a pecan orchard showed Heather Barnes that pecan farming is a lot more involved than she thought. See how the nuts are harvested.

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Farm couple with multiple heirs thinks several generations ahead

There is work and there are assets, four children, and two farming sons. Should the farm be divided or kept together?

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Farmer wonders how he can keep paying for others’ mistakes

Playing the blame game results in struggles with one issue after another.

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The 1031 exchange tax deferral tool

The 1031 Exchange has been an economic driver for 100 years and is still one of the most powerful land transfer and ownership tools for farmers and landowners. Farm families can utilize this as a way to pass along the farm without the burden of a lot more taxes. In this episode, Successful Farming Markets Editor Mike McGinnis talks with David Brown, President and Certified Exchange Specialist with Iowa Property Exchange. Their discussion explains what the 1031 Exchange is all about, and how estate taxes and stepped up basis can be connected with the program.