» Farm

Why Every Co-Owner of Farmland Needs a Buy-Sell Agreement

Why Every Co-Owner of Farmland Needs a Buy-Sell Agreement When two or more people co-own farmland—whether it’s a father and son, siblings, or long-time business partners—one critical question looms: What happens when one of us retires, pass… Read More
Read More
Categories: Estate Planning, Farm

What Farmers Need to Know About the Changing Estate Tax Landscape

What Farmers Need to Know About the Changing Estate Tax Landscape Estate taxes are a topic most people would rather avoid—but for farmers, understanding how these taxes work is critical to protecting the family farm and ensuring a smooth succession… Read More
Read More
Categories: Estate Planning, Farm

Why Waiting to “Figure It All Out” Can Cost You the Family Farm

Why Waiting to “Figure It All Out” Can Cost You the Family Farm Too many farm families wait to make an estate plan until they “know exactly what they’re doing.” They want to have the perfect succession strategy in place before anything gets… Read More
Read More
Categories: Estate Planning, Farm

It’s Planning Season

It’s Planning Season To have a successful farm, thoughtful planning must be done every season. Your life is no different. To properly prepare for the next season in your life and the lives of your loved ones, you need a well-executed estate plan. W… Read More
Read More
Categories: Estate Planning, Farm

Farmer’s Guide to Machinery Depreciation, Stepped-Up Basis, and How Smart Planning Can Save Taxes on Farm Equipment

Farmer’s Guide to Machinery Depreciation, Stepped-Up Basis, and How Smart Planning Can Save Taxes on Farm Equipment Farmers know the value of depreciation when it comes to reducing their tax burden year to year. Bonus depreciation and Section 179 d… Read More
Read More
Categories: Estate Planning, Farm

Farm Equipment Loans and Liens: The Hidden Threat in Your Estate Plan

Farm Equipment Loans and Liens: The Hidden Threat in Your Estate Plan If you’re like most farmers, your equipment isn’t just sitting in the shed debt-free. Tractors, combines, and other essential machinery often carry liens, loans, or are wrapped… Read More
Read More
Categories: Estate Planning, Farm

Who Really Owns the Farm Equipment? Why It Matters for Estate Planning

Who Really Owns the Farm Equipment? Why It Matters for Estate Planning When it comes to farm equipment, ownership isn’t always as clear as people think. Over the years, machinery gets bought, sold, handed down, or co-owned without much formal d… Read More
Read More
Categories: Estate Planning, Farm

Why Farm Equipment Needs to Be Part of Your Estate Plan

Why Farm Equipment Needs to Be Part of Your Estate Plan When most people think about farm estate planning, they immediately think of land. And that makes sense — land is often the most valuable and essential asset a farm owns. But if you stop there… Read More
Read More
Categories: Estate Planning, Farm

The Ultimate Guide to Minnesota’s $2 Million Family Farmland Deduction

The Ultimate Guide to Minnesota’s $2 Million Family Farmland Deduction How to Protect Up to $10 Million of Farmland from Minnesota Estate Taxes Are you a Minnesota farmland owner with property worth more than $3 million? If so, the Minnesota Family… Read More
Read More
Categories: Estate Planning, Farm

Inside the Farm Succession Crisis: The Harsh Truth for Family Farms

Inside the Farm Succession Crisis: The Harsh Truth for Family Farms Family farms are at a turning point—and for many, the future is uncertain. At Wagner Oehler, Ltd., we work with farm families every day who are trying to navigate one of the most e… Read More
Read More
Categories: Estate Planning, Farm