The farm was held by the heirs as "Estate of" their father. Each owner/heir contributed his or her share of the farm/estate to the LLC for corresponding ownership shares, and they are the only LLC members, and the farm is the only LLC asset.
It is an agricultural farm that has timber sales only every 10 to 20 years as timber matures to pulpwood or full size. The timber was sold on the stump, a contracted price paid per acre of timber sold.
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