Off-farm Income

SHOW NOTES The Off-Farm Income Podcast has its focus on small business and entrepreneurship in agriculture.  But a broader goal is helping people in the agricultural and farming lifestyle.  From time to time, I am contacted by people with businesses servicing the farming industry who want to come on the show and talk about what they do.  I investigate what each of these companies are offering to determine if there is actual value offered to farmers.  I allow some of them to come on the show and tell some of them "no". I was recently contacted by Brandon Bruckman of Insight Real Estate Partners.  He wanted to come on the show and talk about the service that they offer to retiring farmers to help them shield the money they obtain from the sale of their farms from taxes.  They use a 1031 exchange to do this, and Brandon explained to me that there is a mis-perception about 1031 exchanges in which farmers believe they can only exchange to another farm, and therefore to shield the money they have to farm until