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Farm Progress America, December 7, 2022

Max Armstrong offers an interesting way to transfer farm assets to the next generation.

Max Armstrong shares insight on farm transfer, which he says has come up during several on-farm visits. Max shares insight from Tom Halbach, a Wisconsin lawyer, who says a simple way to transfer other assets is to gift the assets. The idea is to consider making a gift to children or others. Max explores the details, rules and limits including the annual gift exclusion amount.

Related: Consider gifting farm assets to next generation

Max Armstrong's Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Max Armstrong, veteran farm broadcaster and host of This Week in Agribusiness.

Photo: Farm Progress

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