LINCOLN — The Nebraska Farmers Network (NFN) has announced the launch of a new subsidiary, NFN Farm Exchange. NFN Farm Exchange is a service that helps farmers and ranchers navigate 1031 and DST exchanges, which are strategies for deferring capital gains taxes when selling ag land or property.
NFN Farm Exchange’s Services are available to anyone. 1031 Exchanges allow farmers to sell property and reinvest the proceeds into similar property, without the requirement of immediately paying capital gains taxes. A Delaware Statutory Trust (DST) Exchange allows you to invest in a share of a larger property, like farmland or commercial real estate, that is managed by professionals. This option also qualifies as a 1031 Exchange and is perfect for landowners who want passive income, without managing land.
When asked about the subsidiary’s launch, Lou Reynolds, CEO of NFN Farm Exchange, said, “There’s nothing that excites us more than helping families find more freedom, control, and money while at the same time giv ing a lot less of that to the IRS.”
Whether it is time to retire or needing capital for restructuring and expansion, NFN Exchange provides the structures and expertise to avoid Capital Gains and provide the capital to achieve goals.
Interested in NFN Farm Exchange services? Contact Lou Reynolds at (402) 413-2017 or via email at [email protected]. Visit the website at https://nfnfarmexchange.com/.
