Preserving the Value of Your Farm
FREE WEBINAR
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Sellers can lose 30% or more of their farm or ranch land sale due to capital gains taxes. Learn more about preserving the value of your farm by deferring taxes and receive up to 99% of the net sales dollars without the restrictions of a 1031.
Farmers First Trust provides a solution that follows Section 453 of the U.S. tax law by deferring taxes into the future using an installment sale. Hear from experts on how you can preserve the value of your farm in this free webinar.
SPEAKERS:
Michael Gustafson
Principal
Farmers First Trust
Michael L. Gustafson is a principal with Farmers First Trust in Sioux Falls, S.D. Mike grew up on a corn and livestock farm in northeast Nebraska and owns/operates the family farm with his brothers to this day. Mike graduated from Augustana University in South Dakota and Washington University in St. Louis attaining degrees in mathematics and engineering. Mike's career includes serving as an international marketing manager for IBM, senior manager for Ernst & Young Consulting and as director of technical operations for Panera Bread. His business experience uniquely integrates practical farm knowledge with Fortune 100 financial approaches that can improve the perspective of today's farm operation.
Darren R. Carlson enters his 31st year practicing law since graduating Magna Cum Laude from Creighton University Law School. Prior to law school, Darren received his B.S. in agricultural business from Iowa State University in 1985. Darren’s interest in agriculture started during his youth while growing up on a corn and soybean farm in central Iowa and has continued through his legal career focusing on estate planning, agricultural law, tax and business transactions for farmers.
In 2008, Anne Burnett and Darren Carlson formed Carlson Burnett, LLP. Carlson & Burnett has expanded to 15 lawyers with a continued focus on assisting farm and ranch families with all of their estate planning, business and tax needs. Darren’s practice has concentrated on representing his agricultural clients in like-kind exchanges and Monetized Installment Sales. Recently, Darren authored IRS Section 453: “Monetizing” the Deferred Installment Sale of Farmland and Farm Commodities, Volume 52, No. 2 Creighton Law Review (March 2019).
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