Here very soon, the trees will be completely stripped of their leaves, the fields will be cleared of their crops, and the taxpayers will be looking for ways to plan for the future without being stripped of their wealth. Brace yourself: tax and estate planning season is coming.

Brian Kempf, a principal in Rea’s Millersburg office, regularly works with clients to develop tax planning strategies designed to protect their wealth and sustain their businesses, specializing in tax and estate planning for family farms and leaders in the agribusiness sector. Additionally, since the Tax Cuts and Jobs Act took effect, Brian has studied each provision in search of growth opportunities.

Farmin’ Ain’t Easy

It’s no secret that this particular industry has seen its share of struggles in recent years – there has been a price slump for the past couple years and Ohio has lost about 7.5 percent of their dairy farms over the last year, totaling over 170 farms – but we’re here to tell you that, with the right planning and strategy, financial growth continues to be possible in the farming industry.

If you are part of the farming community or just need to start tax planning, you will be interested in these other topics discussed in this episode:

• Tax planning tips
• Estate planning strategies
• Unique challenges facing the agriculture industry

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