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While Congress continued to fight over budget and infrastructure bills in recent weeks, the idea of eliminating or dramatically changing the 1031 exchange program appears to have fallen by the wayside, says David Brown, president of IPE 1031 in Des Moines.


Of the 30 to 40 cases per year of grain entrapments, nearly 70% are due to a farmer trying to dislodge grain stuck at the bottom of the bin.


For the past several years, Iowa has led the nation in corn production while Illinois has held the No. 1 spot in soybeans. It hasn’t always been that way, as Illinois passed up Iowa in bean production in 2013 and hasn’t looked back.

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