When farmland changes hands, whether through purchase or inheritance, the conversation often centers on soil quality, productivity potential, and purchase price. But there’s another factor that directly affects both the value of the land and the tax implications for the…
Every year, 2.5 percent of America’s farmland (including land used to produce crops and timber, plus pasture) changes hands through sale or inheritance — translating to roughly 20-22 million acres annually*. For growers navigating those transactions, the focus is often…
