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Canada Goose Jackets (Reuters) In sleepy White Sulphur Springs, Montana, farms and ranches fetched just hundreds Canada Goose sale of thousands of dollars five years ago. Now they selling Canada Goose Online for millions. Canada Goose Jackets

cheap Canada Goose Cattle graze canadian goose jacket near Harrison, Nebraska August 3, 2006. REUTERS/Jonathan Ernst cheap Canada Goose

Canada Goose Parka It a situation playing out across America heartland, where the price of farmland has skyrocketed to a three decade high. But not all farmers are cashing out. Instead, they are turning to their financial advisers for new ideas about how to generate income and canada goose uk black friday avoid huge estate taxes on their increasingly valuable land. Canada Goose Parka

canadian goose jacket Ellen and George Berg have been approached 10 times in recent years by buyers interested in their 5,000 buy canada goose jacket acre Montana cattle ranch nestled along the Smith canada goose clearance River. canadian goose jacket

Canada Goose Outlet Each time, Berg and her husband, whose family has raised cattle since canada goose coats on sale 1946, have responded with a firm, Canada Goose Outlet

buy canada goose jacket want to keep it in our family and that means more to us than the money, said 59 year old Ellen Berg. buy canada goose jacket

canada goose clearance The Bergs say they eventually want to leave the ranch to their son Sam, 25, who helps raise the cattle and lives in a log house overlooking two snow capped canada goose uk outlet mountain ranges. canada goose clearance

Canada Goose sale The couple declined to reveal the assessed value of their property but based on sales of nearby ranches for upwards of $1,000 per acre, unless they take action, their son could be hit with a monster estate tax bill. Canada Goose sale

canada goose The federal estate tax exemption of $5 million ($10 million for couples), is scheduled to end at the end of 2012 and drop to $1 million. canada goose

canada goose store A farm that may have been worth $3 million six years ago might now be valued at $6 million. If the farmer dies after 2012 and the estate tax exemption is lowered to $1 million, the heirs could face a federal tax bill of more than $1 million. canada goose store

canada goose coats on sale Now canada goose clearance sale the federal tax bill would closer to $350,000. And that Canada Goose online just for the property. Add in equipment and the value of the farmer life uk canada goose outlet insurance policy and the bill could be much higher. canada goose coats on sale

may not have had an estate tax problem a few years ago, (but) they could have one now, said Shane Prill, a financial adviser with Raymond James Financial Services Inc said.

canada goose clearance sale While Republican presidential candidates are pushing to get rid of the estate tax altogether, financial advisers are telling their farmer clients to put plans in place to help heirs avoid a massive hit in taxes. farmland is at its highest level since the 1970s and is up 25 percent in Canada Goose Jackets some Midwestern and Western states just in the third quarter. canada goose clearance sale

Driving the price increases: wealthy investors searching for returns at canadagooseonline a time when other markets are volatile. They see farmland as a better bet for returns because of rising food prices, projected crop demand and lucrative land rents.

canada goose deals Amid this environment, navigating estate tax issues is a priority for farmers with heirs. They have increasingly contacted their financial advisers for help on doing everything possible to keep the land in their families. canada goose deals

is about family and is very emotional for them, said Ron Carson, founder and chief executive of Carson Wealth Management Group, an Omaha, Nebraska based financial advisory firm that has several farming clients.

One way to avoid the price uk canada goose tag, advisers say: Give the farm away slowly. Many advisers, like Carson are helping clients set up LLCs, or Limited Liability buy canada goose jacket cheap Companies, which allow them to gift units of the land to their children during their cheap Canada Goose lifetimes and receive a valuation discount, thus Canada Goose Coats On Sale reducing their taxes.

canada goose black friday sale Irrevocable life insurance trusts, which allow heirs to use the life insurance upon their parents deaths to pay for Canada Goose Outlet the estate taxes, also are increasingly popular. Davidson Co. to set up an LLC to start canada goose gifting land to their https://www.canadagooseonline.org son. canada goose black friday sale

THE RENTAL OPTION Many farmers without heirs have turned to their advisers with another issue: Figuring out how they can stay on the farm and derive an income from the land once they can no longer do farmwork themselves.

canada goose coats With income generating investments like money market funds, bank CDs and even Treasuries yielding close to nothing, renting can be a lucrative alternative for retiring farmers. canada goose coats

A 280 acre soybean farm in Kansas that Prill bought 12 years ago for $700 an acre fetched $40 an acre in rent. Now the property is worth more canada goose coats than double and could rent for $60 an acre, a 50 percent increase.

Rents don appreciate at the same pace as the value of cheap canada goose uk the land because the costs of equipment and materials also have risen, Prill Canada Goose Parka said.

you get a 4 percent yield from rent, that a lot better than what you can get on Treasuries, said Holmes canada goose uk shop Pettey, a Clarksdale, Mississippi, Raymond James adviser.

buy canada goose jacket cheap But getting that premium can be an emotional challenge canada goose factory sale for some farmers, who view their renters as part of the family. buy canada goose jacket cheap

Canada Goose online Diane Morgan mother, like many farmer widows, has rented her property out to another farmer since the death of her husband in 1997. That farmer and his son often do odd jobs for the 81 year old widow and check on her regularly, said Morgan, a Dayton, Ohio based Raymond James financial adviser, who grew up on canada goose store the farm and now has many farmer clients Canada Goose online.