A farmland exchange needs a plan before closing

Aug 22

2 min read

Updated: 2 hours ago

Land & succession · Archive edition: 2026-08-22. Added to AGCPA Insider October 2, 2026; sources checked October 2, 2026.

Selling one farm and buying another does not automatically create a tax-deferred exchange. A qualifying section 1031 transaction requires the right property, structure and timing.

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