Capital gains tax can’t be avoided when selling farmland, but by utilizing these strategies it is possible to defer or reduce the amount of taxes owed.

The Smiths sell a ranch in Central California and exchange into a new ranch in Arizona, but have a $350,000 tax liability.

The Johnsons deferred a $725,000 tax liability and strategically diversified their proceeds to help manage risk and provide management-free income potential for their retirement.