“Gift of Ag Commodities” Archive
The Ag Advantage
Cattlemen Challenge
With today’s high commodity prices and record farm income, many Nebraska ag producers are using grain and livestock to make charitable gifts. The Brown County Community Foundation Fund is capitalizing on this opportunity with its Cattlemen Challenge.
Gifts of Grain: Give more to your community. Pay less in taxes.
Dan and Sarah Miller
With today’s high prices and a positive outlook for commodity markets, many farmers are considering gifts of grain to fulfill their charitable intentions.
When a farmer delivers grain to market and transfers ownership to a charity, they get greater tax savings than if they sell the commodity and then write a check from the proceeds.
The Nebraska Community Foundation makes it easy for ag producers to make charitable donations.
Appreciated “Stock” is Gift to Diller
Al Svajgr
Al Svajgr has been involved in cattle feeding, ranching, farming and banking in Dawson County, at Cozad, since 1977. He is chairman of the Beef Board, a national group of beef producers, so the gift made perfect sense. “All the gain I had in those animals would have been taxable if I’d sold them and then made a cash donation,” he said. “This way, I was able to give more value, because I didn’t have to pay taxes on the capital gains.”
