2013•AgEcon Search (University of Minnesota, USA)Open access
Farm Household Finances and Transition in Agriculture (Power Point)
Mary Clare Ahearn, Ahearn, Mary Clare
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Abstract
Business Considerations• Assets tend to be illiquid and bulky, e.g., difficult to divide • May need farm income to pay off debt and taxes • Reduce income, gift, or estate taxes (if over $5.25 million; $10.5 million if married) • Attraction of current returns (income and asset appreciation), or not, depending on enterprise mix
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