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The Farm Succession Plan Checklist: A Step-by-Step Guide for Midwest Farmers
For Midwest farmers, navigating farm succession is vital for preserving your legacy and ensuring a smooth transition to the next generation. This comprehensive guide provides a step-by-step checklist to tackle everything from family conversations and asset inventory to legal structures and retirement planning. Secure your farm's future today.
Kole Pederson
Oct 64 min read
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1031 Exchanges for Nebraska & Minnesota Farmland (2025): 45/180-Day Deadlines, Identification Rules & Ag Pitfalls
1031 exchange for Nebraska & Minnesota farmland made simple: how the 45-day identification and 180-day closing deadlines work, the 3/200%/95% rules, what a Qualified Intermediary does, and common ag pitfalls (boot, entity mismatches, related parties)—plus a step-by-step timeline and checklist.
Kole Pederson
Sep 174 min read
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Minnesota Estate Tax (2025): Threshold, Rates, M706 & Farm-Family Strategies
Minnesota Estate Tax Made Simple: What the 2025 $3,000,000 Threshold Means, How Rates Work, When to File Form M706, and How the $2,000,000 Farm/Small-Business Deduction Can Lower or Eliminate Tax—Plus Clear Steps to Plan Ahead.
Kole Pederson
Sep 105 min read
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Minnesota Contract for Deed (2025): Recording, 60/90-Day Cancellation & New Rules
Minnesota Contract for Deed rules changed in 2025: the seller must record within 4 months (and provide a recordable copy), or statutory cancellation may be blocked. Learn the 60/90-day cancellation timelines, investor-seller requirements, and new cure costs (2% of the default + $1,000 fees), plus a simple recording checklist.
Kole Pederson
Sep 34 min read
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Farm & Ranch Succession Planning (2025–2026): Keep the Land in the Family Without Breaking the Operation
Farm & ranch succession planning made simple: how Nebraska–Minnesota families can keep the land in the family with a Trust + Operating LLC + Buy-Sell plan, treat farming and non-farming heirs fair (not always equal), and prepare for taxes (step-up in basis, §2032A, §6166)—plus a closing-ready checklist to avoid forced sales.
Kole Pederson
Sep 24 min read
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Key Aspects of Agricultural Law
Information to help clarify what agricultural law is and why it is important.
Kole Pederson
Sep 14 min read
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Flowing Through History: Understanding Minnesota Water Laws and Their Impact on Today
Learn Minnesota water laws: riparian rights, agricultural water use, and sustainable practices for protecting vital water resources.
Kole Pederson
Aug 187 min read
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The Benefits of Avoiding Probate for Midwest Farmers and Ranchers
Avoiding Midwest probate can protect family assets, reduce delays, and ensure a smooth generational transition of farms and ranches.
Kole Pederson
Aug 114 min read
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Wills vs. Trusts: What’s Best for Your Midwest Farm or Ranch?
Choosing between wills and trusts is key for Midwest farms and ranches. Discover which estate planning tool best secures your legacy.
Kole Pederson
Jun 235 min read
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Why Estate Planning is Vital for Farmers and Ranchers in Minnesota
Estate planning is vital for Minnesota farmers to protect their legacy, reduce taxes, and ensure a smooth transition for future generations.
Kole Pederson
Jun 164 min read
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Welcome to Midwest Ag Law
Introduction to Midwest Ag Law
Kole Pederson
Jun 24 min read
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Business Succession Planning on Your Farm or Ranch in Nebraska and Minnesota
Prepare your business for a seamless transition. Take these steps to ensure your legacy continues across generations with careful planning.
Kole Pederson
Oct 7, 20246 min read
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