NATIONWIDE NEWS
Planning for retirement: A guide for young farmers
The following information is provided by Nationwide®, your approved insurance and financial services company. As a young or beginning farmer, there’s a lot vying for your attention, from build- ing your operation and managing risk to simply making it through the next season. Even though it may be decades away, it’s always a good idea to think about and plan for how you want to one day retire. “Retirement planning isn’t about giving up farming. It’s about ensuring you have choices and security when the time comes,” said George Schein, technical director of Nationwide Advanced Consulting Group. The earlier you start planning for retire- ment, the more options you’ll have down the road. Here are a few actionable steps you can take today to firm up your retire- ment plans and start taking action to mak- ing them happen. Start with an end in mind Successful retirement planning takes
intentionality and the right mindset. Schein recommends thinking long term even when it comes to the immediate steps you need to take to start planning for when and how you want to retire. “It’s never too early to start planning for retirement, even if you’re just starting out as a farmer or rancher,” he said. Account for rising costs Retirement planning is ultimately about preparing for the financial realities of ag- ing. Health and long-term care costs can be significant, especially in recent years, as those costs have risen sharply. “Many farmers assume their land or farm will be their retirement,” Schein said. “But it’s critical to account for rising healthcare costs, life expectancy and the unexpected. Diversifying your retirement strategy can help you avoid financial strain later.” Retirement savings options Farmers have unique opportunities to save for retirement through plans tailored
to the self-employed like individual retire- ment accounts, or IRAs, and simplified employee pensions, or SEPs. Any individual worker can establish an IRA, and there are two primary types: • Traditional IRA. Contributions are tax-deductible, with a $7,500 annual limit in 2026, or $8,600 if you’re over 50. • Roth IRA. Contributions are not tax-de- ductible, but “qualified distributions”— those that meet certain IRS require- ments—that (hopefully) include earnings are tax-free. The contribution limit for a Roth IRA is the same as the traditional IRA, but once an individual’s modified adjusted gross income, or MAGI, reaches a certain amount, their ability to contribute to a Roth IRA begins to be phased out and will eventually be completely disallowed once a higher MAGI threshold is reached. A SEP is a specific subtype of IRA that in 2026 will allow an individual to invest up to the lesser of 25% of their eligible
compensation or $72,000. Those contri- butions are based on net self-employment earnings. But unlike a traditional or Roth IRA, you have to be either officially self-em- ployed or an employer to establish an SEP. “Even small, consistent contributions to a retirement account can grow significant- ly over time,” Schein advised. “The earlier you start, the more you benefit from com- pound growth.” Maximize off-farm benefits If you or your spouse have off-farm em- ployment, take full advantage of employ- er-sponsored benefits like 401(k) plans, employer-provided healthcare and life in- surance. “These benefits can complement your farm-based retirement strategy and provide additional security for your fam- ily,” Schein said. Nationwide, the Nationwide N and Eagle, and Nationwide is on your side are service marks of Nationwide Mutual Insurance Company. © 2025 Nationwide
7.17 AC TruckYardFenced&Gated,Well&Office,onHighway198,Hanford. IN ESCROW .$875,000 9.55 AC Open Lot 1/2 Mile from 7th Standard and 1 Mile from Highway 43.... SOLD ....$500,000 38.96 AC Haley Ranch Pistachios, 2 water sources, Madera........................................$623,360 40 AC Contreras Timpson & Ivory Table Grapes, Pioneer WC & Well, Porterville........$1,300,000 93.21 AC Law Ranch, Pistachios & Walnuts, LTID, Wells, Strathmore.... SOLD .....$2,250,000 98 AC Madera Pistachios Growing Residential Area, Ag Well............. SOLD ..............$32,000/AC 158 AC Kerman Pistachios in SSJMUD, well & good production........... SOLD ...........$36,500/AC 158.64 AC MJ Farms 2 Wells, Root Creek Irrigation District, Madera... IN ESCROW ..$3,014,160 212 AC Pistachios Mature Kerman on Atlantica (3,325 lb/ac avg), Chowchilla WD ..$5,724,000 290± AC Quality land, 2 wells & Kings River lift pump ........................................... $24,137/AC 302 AC Almond & Pistachios, Wells & Semitropic WSD, Great yields, Buttonwillow...$9,000,000 685 AC Almonds & Alfalfa, LTRID & 6 wells, great yields, Tipton ...... REDUCED .....$24,500,000 2205 AC Rockwell Ranch KDWD State & Wells, Alfalfa and Open Land, Bakersfield ..$33,000,000 Need help with a 1031 Exchange or looking for something specific – Call us! We can help you sell your farm and trade into commercial NNN property, utilizing a 1031 Tax Deferred Exchange, that will provide you with monthly passive income. CHECK OUR WEBSITE FOR DETAILS AGRICULTURAL REAL ESTATE PROFESSIONALS HOEKSTRA & ASSOCIATES, INC. 38.48 GROSS ACRES•2 HOMES•CAPAY•GLENN COUNTY Consisting of 35 acres M/L planted to chandlers in 2013 irrigated by solid set and 1 ag well with solar array. 1st home, 2,530 Sf built in 2015 and 2nd home 2,579 Sf built in 1980. Shop, barn, and both homes on solar. More info visit website wesellagland.com. Contact Nate Anderson 530-228-8756 Cell DRE 021599050 Asking $1,695,000.00 Since 1963 Realty REAL ESTATE REAL ESTATE @hoekstra.associates @hoekstra_associates Sean Barajas • 559-805-0179 • Russ Waymire • 559-977-6000 www.hoekstra.land Dan Hoekstra • 805-839-8292 CalBRE 02023290
REAL ESTATE
REAL ESTATE
NORTHERN CALIFORNIA Win ter Grazing Ranch for sale 11,701+/- acres visit www.pentacolaranch.us
REAL ESTATE
±512 Acre Beltramo Ranch • Chico, Butte Co., CA ±400 ac. almonds, ±70 ac. irrigated cropland & ±24 ac. fallowed/recreation w/ duck blind. Abundant water from 5 Ag. Wells w/ sprinkler irrigation. Manager’s residence, ±12,000 SF equip. shed and add. support buildings. $8,500,000 (±$16,600/acre) Kyle Dalrymple DRE #01857897 530-870-2732 valleylands.com
Prune & Almond Orchard
• 305 Acres M/L • Butte County CA
• 227 +/- acres Prunes • 70 +/- acres Almonds • 2 deep wells • Small metal shop • Just a few miles from Chico, CA city limits • Located on Hwy 32 $6,100,000
REAL ESTATE
REAL ESTATE
Almond Orchard
117 GROSS AC. – 45 +/- AC. NEWLY PLANTED ALMONDS, 20 AC. OPEN LAND - ripped & ready to plant, bal- ance is a mature almond orchard. Pump & well, micro-sprinkler system, large spin filter, & sand/media filtration system. Also includes OID infrastruc- ture w/ 10-year OID out of district water agreement. $1,795,000 Contact Nick Cipponeri (DRE #01398815) AgriRealty Associates (DRE #01348071) 209.765.2388
• 405 acres M/L • Yolo County CA
• 120 acres planted in 2012 • 280 acres planted in 2013 • 3 deep wells • Drip line irrigation $6,000,000
Realty Tehama County Rawson Rd
Since 1963
Terry Cheney • 530-624-2395 terrelalan@hotmail.com • wesellagland.com DRE 01258906 350 ac. M/L planted to alfalfa, 130 ac. M/L Planted to grass hay, 130 ac. M/L to be planted to spring wheat. Irrigation is from 4 wells via 4 pivot sprinklers and 2 wheel lines. Property has a 600T hay barn. Remainder of the property is high desert terrain and some steep hillside. Asking $2.5M 620 gross ac. planted to 381 ac. chandlers in 2013, 59 ac. chandlers planted in 1997. 53 ac. almonds planted 1998, 53 ac. almonds in 2005. Irrigation is from 4 wells via micro sprinkler. Shops, manufactured home, office and apt. Reduced to $8,900,000 Rawson Rd Tehama County 961 gross ac. Block 1) 470 ac. M/L consisting of 440 ac. M/L planted to almonds, walnuts, residence Block 2) 490 M/L ac. bare land with 241 ac. M/L could be planted. 2 wells. Asking $7.0M The two properties can be sold separately 7795 Rawson Rd Tehama County 470 gross ac. planted to 360 ac. almonds between 2014-2018, 86 ac. chandlers, 2342 Sf 3,2 home. Irrigation is from well via micro sprinklers. Asking $5M. Will consider all offers 1,234 gross acre Dorris, CA
Almond Orchard
• 410 AC M/L • Glenn County, CA
REAL ESTATE
• 258 acres planted 1993 • 117 acres bare ground • Excellent soils & water • 3 deep wells $5,535,000
Avocados, citrus, and row crop land available. Several ranches to choose from. Ventura County Ranches
Almond Orchard
• 346 acres M/L • Glen County CA
Stromer Realty Company Buzz Gill C: (530) 682-8485 O: (530) 671-2770 buzz@stromerrealty.com DRE 01050665 • Dual source water: Orland / Artois Water District (OAWD) and 3 deep wells • 224 acres planted 1996 • 80 acres independence variety planted 2019 $5,100,000
Scott Dunbar • 805-358-6644 www.vcranches.com • CalDre#01242893
REAL ESTATE
160 ACRES • Dunnigan Hills • Flat to rolling hills • Livestock water • Almonds across road • Vineyard next door • $960,000 240 ACRES • Dunnigan Hills • Flat to rolling hills • No developed water • Almonds next door • Owner carry • $1,440,000 Lic# 00554252 Farm & Ranch Realty 530-908-4689
August 5, 2026 Ag Alert 19
Powered by FlippingBook