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Podcast: MID-WEST FARM REPORT - MADISON
Episode: Capital Gains Flexibility Eases Farmland Transfers
Description: When it comes to passing the farm down to the next generation, capital gains taxes can pack a punch. Farmland that's appreciated over decades could trigger a hefty tax bill if it's sold or transferred without the right planning. That’s why understanding capital gains is a key part of farm succession. Extension Farm Management Specialist Kelly Wilfert says agriculture welcomed a provision in the federal budget that spreads out capital gains payments. See omnystudio.com/listener for privacy information.