Recent content by Hardwood11

I work with Equity Trust in Ohio . They are fine . I’ve heard there’s options in Iowa, & Sioux Falls, SD… local would be nice actually! If you have a loan & income you will be subject to UBIT tax that defeats the purpose of an IRA (if the income is over $1000)… CRP, you know I’m not sure, but...

I’ll try to answer the questions, the best I can . 1… The value of the IRA will be the value of the land (approximately). If it’s $400,000 …your account will say $400,000 80 acres in Ringgold County Iowa as an example … etc… 2. You are limited on contribution per year, but income can be...

So yes you can buy farm land, timber ground in a Self Directed IRA. CRP is not conducive to this type of IRA… Pros… You can use your qualified money to add acres, all the income goes into the IRA. A Roth might be an excellent option! You can roll a retirement plan into this, you can take a...

Hmmm, when I get some free time I’ll post some pros & cons. Good topic!

If you get a chance (Google) Enderlin ND tornado video …. It’s such a huge cell ! Not the worst for wind speed (F3)?….but man the video at night is amazing !

I was in ND at a wedding and we ended up in the basement at the wedding venue for an hour. A tornado hit about 30 miles away and unfortunately killed 3 people .

Weird I never noticed any change, maybe it’s because I’m in Minnesota ?? ;)

There is no doubt WRP can be good hunting, especially in Iowa ! If a guy doesn’t care about return on investment, or all the restrictions it might work ! For me, I’d rather be the guy getting the easement check, then the second or third owner after the farm went into WRP !

This is a tough question, tough situation. The guys losing multiple big bucks ? The poachers are that effective ! Crazy Is there a fence option at the critical locations ? Screening helps… cameras ? I know you do that already! Hmmm I assume these bucks are in the crop land by the road? Maybe...

I don’t know how Paul Volcker the Fed chairman thought it was a good idea to raise interest rates above 10%? That seems insane now ? It cost a lot of good people their farms !

Keep in mind that the seller was paid a good $$ amount for the easement. Maybe a few Iowa guys could help here, but in my area of Minnesota , WRP sells for about 1/3 of the market in that area … Example 6000 acre land will sell for 2000/acre. I see some on the market now and it’s not selling.

Yes I have some experience. I’d say make sure it’s very cheap in price, the restrictions are numerous. It depends on the situation? If it’s a property that borders your farm it’s more attractive. No income, but can be excellent cover. Good luck !

I think we are up to 7-8 inches of rain in the past two weeks in Western MN.

I finally had time to watch this documentary! Really good, sad times for rural America. How times have changed !

If I get acorns at 5 yrs, I’m gonna be very happy !