1031 Exchange Reform (National) 

1031 exchanges allow farmers and investors to defer capital gains taxes on the sale of land if reinvested into other “like-kind” property. Livestock and machinery assets were removed from eligibility for a 1031 exchange after the passage of the Tax Cut and Jobs Act in 2017. 

1. Should purchasers of ag land using a 1031 exchange be required to actively farm the newly acquired property to receive the tax benefits? 

      ______ Yes ______ No 

2. If the purchaser is required to “actively farm,” should that definition include...