Farm succession can bring a bigger income-tax surprise than an estate-tax bill....

https://camilassmartthoughtss.opalvector.com/posts/if-we-gift-land-now-can-the-kids-still-get-a-step-up-later

Farm succession can bring a bigger income-tax surprise than an estate-tax bill. Learn how depreciation recapture can trigger tax on equipment gains, while a basis step-up may reset inherited asset values—and what families should review before the handoff.