The Institute for Rural America has aided several organizations in dealing with land and property issues. One project was particularly satisfying as it provided special tax benefits to one party, protected a second party from fear of incompatible use issues and has protected the environment on the land itself.

  • Our Goal: Protection of farm land from encroachment by industry and incompatible development. Our initiatives have assisted rural people from undue harm from outside entities.

Minnesota Property Initiative: Investor owners of property adjacent to a farmer-owned livestock marketing facility in Central Minnesota were planning to retire and liquidate their assets.  The farmer-owners of the livestock facility were unable to afford to purchase the property, but were concerned that another entity may purchase the property

land

resulting in a conflict resulting from incompatible use. An arrangement was made whereby the property owners donated the property to the Institute, an IRS designated charitable 501(C)3 organization. The result was a tax savings for the donors who used the donation as part of their financial reorganization.  The Institute provides use of the property to the livestock facility owners at minimal cost and the property provides an agricultural ‘barrier’ between the livestock marketing facility and other potential businesses. The land became an asset managed by the Institute.

Illinois Property Initiative: In another property donation arrangement a farmer-owned dairy reload facility had passed it’s useful life and was no longer operational.  The farmer-owners wanted to dispose of the property and the liability of the vacant operation. In a mutually structured arrangement the property was donated to the Institute which arranged to clean it up and sell it. The funds were placed in a newly formed Pfingston Fund for the Future* an Institute managed fund structured for the support of Institute initiatives.

* The Pfingston Fund for the Future is named after Erhard Pfinkston an Ag leader from the 1960’s who assisted independent farmers and ranchers develop a collective bargaining and marketing group called the National Farmers Organization.  The Illinois dairy reload that was donated and sold was owned and operated by farmer-members of the National Farmers Organization.