Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
According to US Farmland Partnership Exchange Inc., Selling Farmland Now to Avoid Higher Capital Gains Could Be Costly
New Firm Offers Members an Alternative to Selling Outright, Giving Them Liquidity Without Having to Pay a Big Capital Gains Tax or Realtors Commissions and Without Loss of Control or Possession of Their Farms

HAYDEN, ID -- (Marketwire) -- 12/04/12 -- A generation of aging farmers is reaching retirement age and is looking for liquidity. Second and third generation owners of farmland who inherited land from their parents and grandparents are also contemplating selling as a means of cashing in on historically high farmland values. This trend is being accelerated by the threat of higher capital gains and estate taxes beginning in 2013.

But neither an increase in the capital gains tax from 15% to say 23% nor an increase in the estate tax are justifiable reasons to sell farmland and, as it turns out, completely unnecessary according to one expert. Enter Charles T. Sorensson of the US Farmland Partnership Exchange Inc. (USFPE): "Selling productive farmland is always a bad idea in my opinion when the increase in capital gains tax can be made up in less than one year. So you've sold the farm in haste to avoid the tax, ANY tax and now lost the asset and all future income and appreciation in the process. You killed the Golden Goose, unnecessarily."

Sorensson, a 3rd generation Ph.D. Agronomist with science and business degrees from three universities, grew up learning how to work the family ranch and irrigated farm. After his mother's passing, he and his siblings experienced the emotional and financial challenges of forced asset sales caused by estate taxes. Sorensson's team of agricultural and financial experts spent years interviewing farmers and testing and refining business models that could generate the liquidity farmers need "on their own terms" -- no land sales, no loss of operational control.

Sorensson says his approach is the answer since it allows participating farmers to get the liquidity they need without selling outright.

Their approach allows participating farmers to avoid hefty capital gains taxes, realtors' commissions and/or auction fees. Farmers can maintain possession and control of all their farmland and can continue earning an income from their farms and participate in the continued appreciation without going into debt. It can eliminate the need for a farmer, heir of a farmer or owner of farmland to sell outright. It can also eliminate the infighting and bad feelings that often accompany farm estate settlements.

Their approach connects farmers directly with investors, who agree to invest silently as passive investors to avoid the high managerial expenses charged by most other firms. Owners of farmland and investors (many of whom will be farmers seeking to geographically diversify their farm investments) will be able to buy and sell farmland interests on the Company's trading exchange, probably in a matter of days, to a national and perhaps global audience of interested buyers.

Sorensson is passionate about his company's social responsibility: "We see a potential catastrophe in the making, the possibility that much of this country's family-owned ground could end up in the hands of investors rather than farm families (who currently own about 875 million acres, over 95% of all U.S. farmland). We are building this exchange so that no farmers ever have to sell their ground. And we want farmers to own and control our business and the flow of money into and out of family-owned farmland."

He sums up quietly: "The fact is that a lot of influential farmers and landowners are seniors and already have begun seeking ways to retire to enjoy and support their grandkids. I really understand what it is like to be pressured by big numbers to sell out. Well-meaning friends and family may even encourage you along the way, but selling is a short-term friend and a long-term enemy."

Sorensson hopes farmers will register on his website, without obligation, and tell him and his team what matters to them: "Farmers: this can be your website, your exchange, your business model. Our approach is absolutely unique, and it was 100% designed to help farm families like yours prosper."

For questions or clarifications, or to schedule an interview with Founder Charles T. Sorensson, register without obligation at usfpe.com (http://usfpe.com/).

Charles Sorensson
208 699 3350
Email Contact

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Cloud Developer Stories
The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows...
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is ...

ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and deli...

"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focu...
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE