Farmers First Trust - Crunchbase Company Profile & Funding

Overview

Farmers First Trust

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About Farmers First Trust

CB Rank

3355992

Farmers First Trust offers financial services for tax deferral on farm sales through a monetized deferred payment transaction.

Private

Newport Beach, California, United States

11-50

www.farmersfirsttrust.com

Advice

Financial Services

Tax Consulting

Key People

Mike Gustafson: Co-Founder and Principal
Dick Schmitz: Founder and Principal

Details

Legal Name

Farmers First Trust Company DST

Operating Status

Active

Company Type

For Profit

Founders

Dick Schmitz, Mike Gustafson

About the Company

Farmers First Trust provides financial services tailored to farmers and farmland owners. The company offers a tax deferral strategy known as the Monetized Deferred Payment Transaction (MDPT) to help clients manage tax implications from farmland and commodity sales. The company's services are designed to support agricultural clients in managing

their financial planning and tax deferral needs.

Phone Number

+1 714 624 0802

Predictions & Insights

Growth Prediction

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Products & Services

Monetized Deferred Payment Transaction (MDPT)

A financial service that allows farmers and ranchers to defer capital gains taxes on farm sales by monetizing installment sales, providing up to 99% of the net sale as a loan.

Tax Opinion Letter Service

A service providing tax opinion letters from specialized attorneys to ensure proper application of MDPT and minimize tax exposure and penalties for farm sales.