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Land x and y generation
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dixonman
Posted 9/23/2010 23:04 (#1371878 - in reply to #1371495)
Subject: RE: Land x and y generation


If the estate tax changes coming up after the first of the year are permannent their will be a lot of ground chnging hands as here in Indiana you will owe around 75% of the appraised value of your inherited acres to the federal 55% and state (around 20%) governments. not to many off farm heirs will take a mortgage that rent will not cash flow just to hang on to the ground Imho. This sounds bad but will open up some opportunites for young guys and lawyers and accountants.
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