Land

A Farmland REIT is Now Publicly Traded

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May 20th, 2013

Gladstone Land Corporation (LAND) just recently raised $50 million in their IPO at a $15.50 price to invest solely in farmland.  To date, they have purchased acreage in California and Florida (primarily berry related) and just closed on a blueberry farm in Michigan.  Since its IPO, the price has increased almost 10% to close at $16.80 on […]

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When Does A Large Price Increase Spell Trouble?

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May 13th, 2013

The Kansas City Federal Reserve 4th quarter survey of Ag conditions spotlighted an ever upward trend in farm land prices.  On a year-over-year basis, irrigiated farmland in Kansas, Nebraska and the Mountain states all saw increases over 30% and non-irrigated land increased by more than 20% in all states. For the last two plus years, land […]

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When an UPREIT Might Make Sense

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March 3rd, 2013

Many farmers have seen substantial appreciation in their farmland values over the last decade.  Many of these farmers are approaching retirement age and would like to “cash” in on these values and diversify their holdings.  They do not have any children to take over the farm and are worried that values in their immediate area […]

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1031 Tax-Deferred Exchange Does Not Always Defer All Taxes!

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February 18th, 2013

With farmland prices at or near an all-time high, many farmers are considering selling their farmland and rolling over the gain into other real estate on a tax-deferred basis using a Section 1031 tax-deferred exchange.  Under these rules, the farmer has 45 days from the date of closing (not when you sign the offer) to […]

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Is a Dynasty Trust Right For You?

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February 18th, 2013

A common question that arises in our meetings with clients is about making sure that the farm remains in the family for multiple generations.  One option for accomplishing this is the use of a Dynasty Trust.  Many states such as South Dakota, Delaware and Alaska allow for trusts that are either perpetual or last for […]

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Annual Exclusion Does Not Eat Into Lifetime Exclusion.

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December 18th, 2012

We had a reader ask the following question: “Am I correct in that this accumulation of gifts during lifetime does not include those under the Annual Gift Tax Exclusion ($13,000)?” It seems like most of my posts lately deal with estate and gift taxes, but this is a very important subject and with the end […]

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Updated 2013 Estate and Gift Tax Inflation Adjustments

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October 28th, 2012

The IRS recently released Revenue Procedure 2012-41 that outlined all of the inflation adjusted items contained in the tax laws. There were a couple of provisions related to gift and estate taxes that apply to farmers. Beginning in 2013, you can now give up to $14,000 any individual(s) during the year and not have to […]

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China Companies Continue to Buy Up Farm Land

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June 21st, 2011

The Wall Street Journal had an article yesterday on how Chinese companies are continuing to invest in South America especially in buying up farm land to feed their people.  Through the twelve month period ended May 31, 2011, the China’s investment in Latin America had hit $15.6 billion. During the last three years, more than […]

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Women Own 47% of Iowa Farmland

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June 19th, 2011

I noticed a post on the Iowa Farm Union that indicated 47% of the farm land in Iowa is owned by women.  I think this trend will continue and there may be a good chance that this percentage may be in excess of 50% at some point in the near future.  Women appear to express a […]

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Golf Course Falls Victim to High Grain Prices

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June 16th, 2011

The new owner of the Whittemore Golf Course in Algona, Iowa has plowed it under to put in a corn crop for this year.  This nine hole course was originally built in 1969.  The new buyer decided that it would make more money as a farm than as a golf course. This has caused some rift […]

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