Michael Gustafson of Farmers First Trust and Darren Carlson of Carlson & Burnett introduce themselves to get the show started!

Mike and Darren provide an explanation of MDPT and Section 453 of the US Tax code and how it can benefit farmers and ranchers.

Why a tax opinion letter is important in a monetized installment sale. History of installment sales and how it is used in MDPT.

What assets can be used in an MDPT transaction? Discussion on farmland and farm products that are included in the MDPT process.

Discussion regarding the ultimate payment of the required taxes and when MDPT should be utilized by a farmer.

The difference between a 1031-Exchange and MDPT. Discussing how easy or complex MDPT is to use for a farm or ranch.

Live call in questions from the July 11, 2019 Rural America Live

Closing comments by Mike Gustafson and Darren Carlson on the July 11, 2019 Rural America Live show.