Before you take any money for your old place,talk to somebody about doing a 1031 Exchange. If you don't,you're going to pay a good portion of what you get from the old place,in capital gains tax. You can never have possession of the money. A lawyer or accountant can explain all the details,but you'll be kicking yourself for the rest of your life if you don't do it right. Just selling one place and buying another one in the same tax year doesn't cut it. You have to do the 1031 to beat the taxes.
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Today's Featured Article - Harvestin Hay: The Early Years (Part 2) - by Pat Browning. The summer of 1950 was the start of a new era in farming for our family. I was thirteen, and Kathy (my oldest sister) was seven. At this age, I believed tractor farming was the only way, hot stuff -- and given a chance I probably would have used the tractor, Dad's first, a 1936 Model "A" John Deere, to go bring in the cows! And I think Dad was ready for some automation too. And so it was that we acquired a good, used J. I. Case, wire tie hay baler. In addition to a person to drive th
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