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| Most lenders keep land at cost basis. I was surprised when you said your lender asked you if you wanted to increase on paper. Sorry, I probably created confusion in my post. Lenders in Iowa generally do not increase land values on balance sheets without a purpose. If they do, the offsetting tax implications should be stated as a liability. I guess this is getting in the weeds on banking... if doing this, a dual column financial statement is actually best... but that is a lot of extra work for bank staff that is overkill for 95% of borrowers. | |
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Agriculture operating credit lines
