A recent Tax Court case, Estate of Smith v. Commissioner, has focused attention on the methodologies for valuing the stock of a minority interest in a closely-held farm corporation. The valuation approach approved by the court produced a substantial discount from the undiscounted value of the underlying assets of $1818 per share; the court approved a valuation of $439 per share.
"Valuing Farm Corporation Stock,"
Agricultural Law Digest: Vol. 10
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol10/iss23/1