Agribusiness Blog

NOVEMBER 4, 2021

Now that the proposal to eliminate valuation discounts for gift and estate tax valuations were removed from the Build Back Better Act, at least for now, you may be wondering what all the fuss was about. Transferring valuable assets to the next generation while minimizing tax ramifications is one of the goals of most estate planning. For farmers the most valuable asset included in the estate planning process is typically farmland.

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Rachel Laudan

OCTOBER 31, 2021

A couple of years ago we bought a house with a kitchen that checks all the fashionable American home kitchen boxes. It’s open to the living room and dining room.… The post Grumpy Old Lady Dumps on Her American Kitchen appeared first on Rachel Laudan.

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Caff

NOVEMBER 3, 2021

SHOW NOTES: Full Belly Farm website: [link] Full Belly Farm instagram: @full_belly_farm [link] FDA FSMA pdf of law: [link] Hotsy Hot Water Pressure Washer: [link] See page 133 of Martin’s Produce Supply’s online catalogue and call them to discuss further: [link] CAFF Food Safety Training Templates and many others: [link] CAFF’s 2018 Hedgerow Manual: [link] Wild Farm Alliance: [link] The post Full Belly Farm Podcast Episode appeared first on Community Alliance with Family Farmers.

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Farming Farming Food 40

Agribusiness Blog

NOVEMBER 5, 2021

Just a note to let you know that when I uploaded yesterday’s blog post that the table showing the valuation example did not come over and I did not notice it until a reader sent me an email. I have updated the post and you can check it here.

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Agribusiness Blog

NOVEMBER 3, 2021

A new Build Back Better Act was released today. Several changes were provided in this new bill that may be of interest to farmers and other taxpayers. Likely there will be additional changes and based on the elections last night nationwide this may not even get enacted. After last week’s release, hardly any bad provisions remain in these bills regarding income or estate taxes.

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Agribusiness Blog

NOVEMBER 1, 2021

Many farmers are considering selling their land this year due to rapid appreciation in the value or to escape any possible capital gains tax increases. However, many of them also plan on deferring the gain into other real estate using a tax-deferred exchange under Section 1031. This is very easy if the only property sold is raw land with no buildings or land improvements such as tiling.

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