Can I Sell My Farm If It Is Leased Out?
Top 50 Questions about Farmland Many landowners wonder whether selling leased farmland in Iowa is possible, and the answer is yes. Whether your farm is currently under a lease or has an open lease agreement, Iowa law provides several options that allow you to sell successfully while maintaining compliance and transparency. Key Considerations When Selling […]
Utilizing IRS 1031 and Farmland
A 1031 exchange, also known as a like-kind exchange, allows landowners to defer capital gains taxes when selling qualifying property. Instead of paying taxes immediately, the seller reinvests the proceeds into a similar property. For farmland owners, this strategy can play an important role in preserving capital and repositioning land investments. What Is a Like-Kind […]
A Beginner’s Guide to Buying Iowa Farmland: What You Need to Know
Buying farmland in Iowa can be a smart long-term investment. Iowa’s fertile soils and reliable water resources support strong production of corn, soybeans, and other crops. While the opportunity is attractive, the buying process requires careful planning, especially for first-time buyers. This guide outlines the key steps to help you make an informed decision. […]
Entity Structures for Farmers
Understanding Entity Structures for Farming Operations When running a farming operation, several factors require careful planning. One of the most important considerations involves choosing the right business entity structure. Entity structures define how a farming business is legally organized. As a result, they directly affect taxes, liability, and day-to-day management. Sole Proprietorship for Farmers One […]
Terminating a Farm Lease in Iowa
Iowa law sets a firm deadline for terminating or changing a farm lease. To end a lease for the upcoming crop year, you must notify your tenant by September 1. Missing this deadline allows the tenant to retain lease rights for the following season. Landowners must take this step to maintain clear control of their […]