Meng Farm 684 acres, Bowling Green, KY
Owned for over 50 years by the Meng Family this farm was one of the areas most respected,
raising purebred Angus cattle and row crops in the country's heartland. As Mr. and
Mrs. Meng were retiring from farming and moving into town, a turnkey sale was desired
that would allow for the maximum tax benefits, including a 1031 tax deferred exchange
(to postpone capital gains taxes by re-investing the sale proceeds).
The entire transaction was completed in less than ninety days, with Open Lands working
with the Meng Family so that they received a portion of their proceeds as "cash",
while also deferring taxes. Besides the real estate, this sale included all of the
equipment on the farm and most of the household furnishings.