If its now "free and clear", you might want to consider selling to him on an owner contract (may be called "contract for deed" in your neck of the woods)- You would be the "banker", so his credit doesn't matter. I'm thinking you probably want to do it this year if you're going to, as I believe the favorable tax treatment on capital gains will go away in the future.
But if he's happy renting, the land will probably continue to increase in value (unless everything crashes), so you may want to keep it as an investment or to give to your kids.
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Today's Featured Article - Diagnosing Engine Difficulty - Diesel Tractors - by Staff. The following suggestions are listed for your assistance. You can make simple adjustments on your tractor that will improve its operation and save you the time and expense of hiring someone to do it for you. Always make one adjustment at a time, and if the adjustment made does not improve the condition, return to the original setting before proceeding to the next adjustment. Hard Starting Cold air temperatures. Insufficient fuel.
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