Northeast Nebraska | IADAVE - 11/14/2012 08:14
Be careful on the inheriting a farm thing. I have seen people inherit land and loose it and the land they had paid for, Inheritance tax and high interest.
Please give a scenario that explains how someone could screw up so badly.
Lets say inheritance tax was $1000/ac. I dont have a pot to pee in, but I'm sure I could walk into any bank and they would trip over themselves to give me a loan for the $1000/ac I would owe on $6000+++++ ground.
Then I could either farm it, or call up big iron and have them put it on a land rent auction. |