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Updated about 9 years ago on . Most recent reply

Dale Nuzum's profile image
Dale Nuzum's profile image
Dale Nuzum
  • Real Estate Investor
  • from Alma, Wisconsin
  • Member since Jan 27, 2015
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Dale Nuzum's profile image
Dale Nuzum's profile image
Dale Nuzum
  • Real Estate Investor
  • from Alma, Wisconsin
  • Member since Jan 27, 2015
Connect
Dale Nuzum
  • Real Estate Investor
  • Alma, WI
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Buying & Selling Real Estate

Buying Crop Land and Farming It

Dale Nuzum
  • Real Estate Investor
  • Alma, WI
Posted

I would like to buy some cropland in WI and farm it with my IRA? If I set up a self directed IRA could I purchase the land with my IRA and pay someone to farm it and then put the proceeds back in the IRA when I sell the crops? Would this be a legal transaction? Thanks for any help on this. I would also be paying someone to harvest the crops.

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