Farm and Agricultural Issues
Jay Clark has been serving the legal needs of the agricultural community in Lancaster County for over 20 years. Having grown up on a farm, Jay has both a personal and a professional understanding of the issues affecting farmers, their families and their businesses. Jay has also assisted countless families in farm transfers between generations.
Like-kind exchanges, also known as 1031 exchanges, allow businesses to delay recognition of capital gains on the sale of property used for trade or business when the proceeds are used in the purchase of another property to be used for trade or business. Like-kind exchanges are a great planning tool to help grow your business while delaying the tax due on the gain of your sold property.