Treasury and the IRS released IRC § 199A proposed regulations, REG-107892-18, on August 8, 2018. These are proposed regulations, but taxpayers can rely on them until final rules are adopted.
Because nearly half of Iowa’s crop ground is farmed pursuant to a cash rent or crop share lease, it is crucial that both tenants and landlords understand the implications of Iowa law on their farm leases as they move into 2018. This article addresses several frequent questions that arise regarding Iowa farm leases and the law.
Corn stalks hold value in Iowa, not only as bedding and food for livestock throughout the winter months, but also as a fuel source for renewable energy companies producing biofuels. In rental agreements, it is important to specify who holds ownership of the corn stalks in any lease agreement.
Acreages in Iowa often include outbuildings where owners have no immediate plans for traditional agricultural use. Is there an opportunity to capture some revenue from renting those buildings to others? If so, what can be charged?