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Tools & Programs Exist To Help New Ranchers

In an effort to improve the odds for those looking to get a start in farming and ranching, a variety of local, state and national programs, workshops and degrees are actively engaging young people, providing them with firsthand experiences, and supplying opportunities to help them get their foot in the door.

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  • May 20, 2013
    Article

    Don’t Bet Your Farm: An Estate Plan Can Help Preserve Assets

    There are two things you need for your farming operation, says Ed Gillentine: an estate plan and a knowledgeable, trusted tax professional. Otherwise, he says, the consequences to you and your heirs could be unnecessarily costly....More
  • Jan. 8, 2013
    blog

    Fiscal Cliff Moves Estate Tax In Right Direction 10

    If you’ve been paying attention this first week of 2013, you already know that Congress passed a tax compromise that averts the fiscal cliff and makes permanent the federal estate tax with an exemption of $5.12 million/individual (indexed for inflation) and a tax rate of 40% for amounts over the exemption....More
  • estate transfer
    Dec. 20, 2012
    Article

    Ag's Future Demands Death Tax Repeal 2

    With the death tax a constant threat to America’s farm and ranch families, now’s the time to sit down with a lawyer and get your affairs in order. Yet, 90% of families either don’t have an estate plan or are inadequately protected, says Brian Kirby, a Sioux Falls, SD-based lawyer and partner at Lindquist & Vennum....More
  • annual cropland and pasture values
    Dec. 9, 2012
    Article

    Industry At A Glance: Cropland & Pasture Values 1

    What impact would the failure of the U.S. Congress to address the estate tax before Jan. 1 have on your business operations and estgate planning? Unless Congress acts, the federal estate tax will drop on Jan. 1 from the current $5-million individual exemption and 35% tax rate, to $1 million and a 55% tax rate. Most land-owning agriculturalists, who tend to be asset-rich but cash-poor, would be impacted by that change....More
  • estate planning
    Dec. 3, 2012
    blog

    Is Your Estate Plan Up To Snuff?

    Last week, the South Dakota Department of Agriculture (SDDA) and South Dakota State University hosted the first ever Beginner Farmer and Rancher Symposium. It was standing room only as the event focused on helping farm and ranch families transition their operations from one generation to the next....More
  • limousin bred heifer in pasture
    Nov. 14, 2012
    blog

    Ranchers Need Permanent Estate Tax Relief 10

    I celebrated my 25th birthday earlier this week at a small steakhouse in Letcher, SD. While enjoying steak tips and wine, one of our neighbors joined us at our table. We started visiting about the election results, and soon, the topic of the death tax came up. He said his friend ended up paying $2 million in estate taxes in order to save the family ranch after the death of his father. The conversation continued with talk of estate planning, gifting land and putting assets in a trust for the next generation before it’s too late....More
  • 2013 tax changes
    Oct. 25, 2012
    Article

    Important Year-End Tax Implications For Ranchers 2

    As Dec. 31 approaches, the tax policy debate remains unfinished in Washington. BEEF looks at the implications for ranchers....More
  • Sep. 21, 2012
    Article

    Tools & Programs Exist To Help New Ranchers 6

    In an effort to improve the odds for those looking to get a start in farming and ranching, a variety of local, state and national programs, workshops and degrees are actively engaging young people, providing them with firsthand experiences, and supplying opportunities to help them get their foot in the door....More
  • Sep. 12, 2012
    Article

    Effective Succession Plan Needed To Carry On The Veterinarian Dream

    You’ve worked for decades to build the practice of your dreams. You’ve overcome obstacles and, sure, you’ve seen your share of ups and downs. But in the end, you’re proud of what you’ve accomplished....More
  • Aug. 2, 2012
    Article

    House Votes To Extend Estate Tax Relief Through 2013

    The U.S. House of Representatives voted to extend the current tax code for another year. This includes keeping the estate tax, known as the death tax, at its current level of 35 percent for estates worth more than $5 million per individual and $10 million per couple....More
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