Our Section 453 proprietary trust is a better option today than a 1031 for several reasons.
Hobby farms, small farms maintained as recreational land or farmland for supplemental income, have become increasingly popular in the last decade with urban dwellers and retirees. In the US, where older farms are often absorbed by larger farms, owning a small farm is often no longer profitable as a primary source of income. As a result, many are being purchased as hobby farms by those looking for a place to grow crops that can be sold at local farmer’s markets or used for personal consumption.
Owning chickens can be an easy way to provide your family or homestead with a steady supply of protein, but getting the room and resources to raise hens can involve quite a financial investment. Fortunately, not only are there many ways to save when rearing chickens, there are also ways for you to make money off of them if you have enough. One of the easiest ways to do this is to make yourself into a small business and claim tax breaks, but this often requires various licenses and fees, depending on your state. What are some legal documents you will need to raise and make money off your chickens?
If you struggle to keep your garden safe from winter frosts and chills, or you aren’t sure how to protect tender shoots from snow, then you should consider creating row covers. A row cover is a type of protective shield for your garden that can keep it free of snow, frost and hail. In addition, it can help to insulate your garden from the cold. If protecting your garden over the winter is a major concern, then a row cover is exactly what you need.
If a buyer is looking for their ideal recreational property, it pays to work with a recreational land expert, which differs significantly from using a realtor to find a home. Experts in recreational property sales have a unique skill set that allows them to locate a property that meets not only the needs of buyers but can also be adapted to a variety of recreational uses.
The tiny house movement has become wildly popularized as more and more individuals are starting to crave a micro dwelling that can open up their options for happiness. For architects, there is a keen desire to master the challenge of creating a space where everything has a purpose. And for individuals, the movement answers the burning questions and changing attitudes of privilege, wealth, and materialism.
It can be difficult to maintain your children’s education by homeschooling, especially if you live in a more rural environment. Parents who educate their children themselves are often rightfully worried about how to keep up with grade school requirements and ensure their children will be able to get into college or a good trade school. One of the primary benefits of homeschool, however, is the way it allows parents to break with traditional schooling formulas.
Fencing isn’t the most glamorous job to do on your land. It’s time consuming, tiresome and monotonous. But a good fence will do a lot more for you than just save you some grief. It ups the property value of your land, having good fences. It gives your property a good clean border. Also, and I can’t stress this enough, it keeps your cows, horses, sheep or anything else you may have where they belong a lot better than a single strand hot wire.
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There is no question that American farms are in crisis. Once the backbone of our economy, farms have been struggling for years as they navigate trade wars, climate change, plummeting commodity prices due to globalization, and corporate farming that benefits from advanced technology and efficiency. From July of 2018 to June of 2019, farm bankruptcies …