WRITTEN BY: ALEX ROBERTSON, BROKER | LICENSED IN OR
As the fiscal year winds down, you may find yourself in the fortunate position of having enjoyed a prosperous year on your ranch or farm or through other business ventures. Now, you’re contemplating reinvesting in your property. This is a great position to be in, offering the potential opportunity to offset income for tax purposes and enhance the overall value and marketability of your property. However, this advantageous situation can also be a stressful one. You might be thinking: “What do I do?” “Where should I invest my capital?” “Can I buy that 1952 Topps Mickey Mantle that Matt Henningsen mentioned in his article: ‘How to Grow a Sustainable Profit Through Analyzing Ranch Performance’?” Well, the Mantle card will not help you with property value or tax liability, so let’s talk about some sensible capital improvements that I’ve seen firsthand help a ranch or farm property sell for higher.
