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Renting out Hog barns?
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Dougw
Posted 1/13/2022 04:41 (#9436939)
Subject: Renting out Hog barns?


SC Mn
Toying with what to do with our newer hog barns as we get closer to retirement.

They are all 14 years old or newer. 2400 head.

Selling them would be a tax nightmare, they do not qualify for 1031 exchange according to IRS. They provide a nice side income and seem like they are worth more to us to keep than sell. We either need to find that needle in the haystack that wants/capable of taking them over for a salary or rent them out.

Anybody have knowledge of this? What is a good salary/barn to attract someone? What do people pay to rent barns? Plenty of integrators in our area to get contracts.

We could provide some labor to the new employee/renter as we will still be around for a few more years but are looking to transition out of being tied down.

TIA

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