For sale sign on farm© Tim Scrivener/Rex/Shutterstock
Many farmers are re-evaluating their capital assets and machinery fleet in an effort to cut costs and free up much-needed cash right now. But it’s essential to plan ahead to mitigate tax bills. Whether you’re considering a whole farm sale, a machinery shake-up, or releasing capital from the sale of smaller land parcels, tax may not be at the forefront of your mind. Failure to plan ahead could mean that the critical cash injection is smaller than expected due to […]