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Transitioning farm ground
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t rock
Posted 10/18/2018 22:35 (#7054128)
Subject: Transitioning farm ground


Tablerock Ranch eastern Wa
Never planned on selling to my son was hoping to gift it all, that being said with interest moving up and the fact that I have no patience left for line of credit banking I would rather sell one of our farms to him at a discounted price and lend the money back to my son and my business at no interest, the business would make the payments so it would come out of any of our profits evenly. Seems like this would also transition some land over fairly easily. Haven't talked to my CPA yet but question for you is would FCS lend on father to son sale on there young farmer program ?
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