Outlook for the 2023 Farm Bill on Ag Policy
What the 2023 Farm Bill Means for American Agriculture The 2023 Farm Bill is expected to shape agricultural policy in the United States for the next five years. The previous farm bill, passed in 2018, provided critical support during trade disputes, weather disasters, and the global pandemic. As a result, expectations are high for the […]
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 […]
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 […]
