Schneider Rasche LLC

Many ranchers and farmers have a distinct and common problem: they are land rich and cash poor. A farmer may have millions of dollars tied up in farmland, machinery, buildings and livestock but have little when it comes to cash on hand. Farmers are well aware of the stress that this can cause on their families. It is a big enough problem while they are alive, but it can turn into an even bigger problem when they pass away. The state and federal estate taxes that may be due at the death of the current generation may necessitate the sale of all or a portion of the farm property.  Or it may necessitate the sale of necessary equipment or live stock in order to pay the tax bill.  Unfortunately, once this is done it may be hard or impossible to keep the farm running and thus, the family legacy is gone.