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Old 01-03-2013, 07:29 AM   #49
displacedinMN displacedinMN is offline
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Join Date: Aug 2012
Location: Correcting papers
Casino cash: $28731
My parents sold farm ground for 9500 last year. It was fair for the land.
I would rather be selling now than buying.

The tax implications of the high farm ground was the killer for us. When the farm next to our family farm went for 11,000/acre. It was some of the highest priced ag land in Iowa at the time-around 3 years ago. We started to look into the best way to pass the land to myself and siblings when the time came.

The newly passed bill allows us to take possession with little tax implications. We are not interested in selling this piece-it has been in our family since 1879.
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