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 - Choosin, Mounting and Using a Bush Hog Type Mower - by Francis Robinson. Looking around at my new neighbors, most of whom are city raised and have recently acquired their first mini-farms of five to fifteen acres and also from reading questions ask at various discussion sites on the web it is frighteningly apparent that a great many guys (and a few gals) are learning by trial and error and mostly error how to use a very dangerous piece of farm equipment. It is also very apparent that these folks are getting a lot of very poor and often very dangerous advice fro
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