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Estate and Succession Planning for the Farm is primarily designed as an educational resource for farmers and ranchers developing estate and succession plans. The workbook provides thorough discussions on the topics of property ownership, wills and trusts, estate and gift tax, income tax planning, business entity planning, and more. This workbook is designed to educate and answer questions that may arise during the planning process. It is intended to complement, not replace, advice from legal and tax experts.

Replaces the previously available Estate Planning (PM 993). PM 0993

The Sentiment Survey on Current Conditions for Housing Development in Iowa is an annual survey that captures the opinions of real estate professionals regarding current conditions for housing development across the state. Respondents are asked about their sentiment on housing in general, as well as what factors drive either their positive or negative views on housing-development prospects. This year’s survey is the first iteration of an annual study that will track how sentiment in terms of housing development changes over time.

The Loomis family from northern Iowa has recently completed a successful family farm business transition to the next generation. The transition of their row crop and swine farm spanned the first 22 years of the younger generation's farming career, was well planned and implemented gradually.

This case study highlights the transition planning process and timeline, tools used, the older generation's estate plan, lessons learned, and the Loomis's advice for other farm families considering a farm business transition. Questions about the family's current situation and possible future of the farm are included for family or classroom discussions.