Tax Structuring Farm Operations

There are many different ways to structure your operations, and sometimes more entities and complexity are not worthwhile. This is a relatively simple 3 entity structure that will pay dividends for yourself and future generations. Land LLC – Have a partnership LLC own the land. This keeps the operating entity honest by always paying rent […]

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Iowa Beginning Farmer Tax Credit 2021

Iowa has a special tax credit for landlords that work with beginning farmers. The tax credit varies depending on the type of lease agreement, but it can provide a significant benefit if the lessee qualifies as a beginning farmer. Qualifications for a beginning farmer for 2021 tax credit include: Maximum net worth of $686,000. Must be a resident of Iowa. […]

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Iowa Beginning Farmer Tax Credit Program 2020

Iowa has a special tax credit for landlords that work with beginning farmers. The tax credit varies depending on the type of lease agreement, but it can provide a significant benefit if the lessee qualifies as a beginning farmer. Qualifications for a beginning farmer for 2020 tax credit include: Maximum net worth of $682,000. Must be a resident of Iowa. […]

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Iowa Cuts Funding for Beginning Farmer Tax Credit

Due to a decrease in funding, there will be no beginning farmer tax credit applications available for 2018. Information on 2019 applications will be posted in late 2018 or early 2019. Due to the decreased funding, it’s very important to get your application in as soon as the 2019 applications become available. Source: http://iowafinanceauthority.gov/Public/Pages/PC204LN48 Originally posted […]

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Iowa Beginning Farmer Tax Credit Program

Iowa has a special tax credit for landlords that work with beginning farmers. The tax credit varies depending on the type of lease agreement, but it can provide a significant benefit if the lessee qualifies as a beginning farmer. Qualifications for a beginning farmer for 2016 tax credit include: Maximum net worth of $672,171. Must be a resident of Iowa. […]

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Grow Long-Term Capital Gains while Growing Your Herd

Farmers and ranchers have big decisions to make when growing their operations. One of the decisions that can have a long lasting business and cash flow impact is the way you grow your breeding herd. There are basically two options for growing your herd: buying breeding stock or retaining your own stock. If you have […]

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