What to Do with a Gift of Farmland: Part One

Many people are given farmland and this phenomenon will continue. People who receive the gift of farmland may want to retain ownership for a variety of reasons: the land is already paid for; it may increase in value; it may have been in the family for a long time; or it may allow participation in production agriculture. Lack of land ownership costs may reduce the risk of land ownership. The purpose of this manuscript is to determine whether a person who has been given farmland can afford to retain ownership. A twelveyear analysis was used to determine the net income and risk associated with three strategies for retaining ownership.

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Journal Article
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Journal of the ASFMRA (American Society of Farm Managers and Rural Appraisers), 2015
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 Record created 2017-04-01, last modified 2018-01-23

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