Navigating a 1031 Exchange
Selling a farm or a ranch, like selling any business, often involves many different types of assets. The transaction may include equipment, livestock, water rights, crops, inventory, and, of course, real estate. Investors interested in selling a farm or ranch using a like-kind exchange under Internal Revenue Code §1031 should focus on the particular property being sold and purchased in order to maximize various tax tools, including the amount of capital gain that they will be able to defer. First American Exchange experts are here to help you navigate your 1031 Exchange. What is a 1031 Exchange? When you sell
Miles for Piles: Staying Compliant in the Next American Gold Rush
“Miles for piles.” It’s a saying every shed hunter knows, and for good reason. We walk miles, sometimes tens of miles, over rugged terrain just for the chance to find that one single antler, and in full transparency, a handful is more realistic of a goal than an actual pile these days. For me, it’s […]
Are You Eligible for an Emergency Drought Relief Loan in 2025?
Landowners in several Wyoming counties may be eligible for emergency drought funding. Ranching in Wyoming or any of the other Rocky Mountain states can provide many unique challenges. Often, landowners operate on narrow margins before weathering difficulties such as droughts, flash floods, and natural disasters. These scenarios can leave producers in a difficult position and […]
