Ag Advantage

Browse these helpful agricultural financial management resources.

Tera Schultz

Tax Specialist

Recent Posts

Farm Taxes – Overview of Capital Gains Rules and the Family Farm: Buying & Selling Farmland Part 3

Farm taxes

Posted by Tera Schultz on Sep 12, 2017 11:33:11 AM

If you're keeping up with the series on farm taxes and buying and selling farmland, in last week's post, part 2 of 4 in the seires, we discussed what qualifies as real property in the blog article titled "Farm Taxes - Property Types and Asset Classes." This week, we take a look at capital gains in tax law, the types of assets that fall under its rules, as well as investment properties, farm...

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Farm Taxes - Property Types and Asset Classes: Buying & Selling Farmland Part 2

Farm taxes

Posted by Tera Schultz on Aug 30, 2017 2:00:46 PM

Very recently, members of our tax team had a lively debate about what qualifies as real property – and tax is our job! How would an average taxpayer know what qualifies as real property?

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Farm Taxes - Distinct Assets: Buying & Selling Farmland, Part 1

Farm taxes

Posted by Tera Schultz on Aug 22, 2017 12:52:09 PM

When you buy farmland, it is often the case that you are buying tillable acres and only tillable acres. Sometimes the farmland comes with buildings or other assets. Many times our clients tell us, “I bought 50 acres for $450,000” and wonder why we ask so many questions about it.

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Farm taxes and children: Here's what you need to know for every age

Farm taxes

Posted by Tera Schultz on Mar 6, 2017 10:25:30 AM

Of all the things raised on a farm, the most rewarding and the most challenging are always our children. At tax time, our kids bring us some extra joy. There are a variety of credits available to parents of children, and farm taxes can sometimes make the credits and deductions more or less valuable, depending on the situation.

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