Posted by LAA on July 24, 2012 at 10:51:20 from (86.51.147.113):
In Reply to: farm sale posted by Dale in IN on July 24, 2012 at 06:27:36:
In my area the high priced land is selling to long established farmers with money, corporate farming operations and investors with cash looking for a respectable return and a little favorable tax relief. People subject to high capital gains taxes like farm land for several reasons, roll over the money and defer paying the tax, make income from the land in the meantime and maybe the tax rates will go down, even if land values go down and you sell it you still pay less tax on the original gains, you would be surprised how many people would rather do business and lose money than pay taxes. Having land available to rent is not a bad deal when you consider that it is about the only way for a young independent man to get started these days.
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Today's Featured Article - An AC Model M Crawler - by Anthony West. Neil Atkins is a man in his late thirties, a mild and patient character who talks fondly of his farming heritage. He farms around a hundred and fifty acres of arable land, in a village called Southam, located just outside Leamington Spa in Warwickshire. The soil is a rich dark brown and is well looked after. unlike some areas in the midlands it is also fairly flat, broken only by hedgerows and the occasional valley and brook. A copse of wildbreaking silver birch and oak trees surround the top si
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