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Don’t Miss the Ag Land Values and Lease Seminar

Posted on October 3, 2019 by

Gone are the days when handshake deals suffice as a contract for a land purchase.  I’ll be presenting on Ag Lease Agreements as part of the Agricultural Land Values and Lease Seminar on October 9 at the Rib River Ballroom.  I plan to walk attendees through an overview of what leases are (and are not), […]

Announcement re DMC Deadline Extension

Posted on September 23, 2019 by

The U.S. Department of Agriculture (USDA) extended the deadline from September 20 to September 27 for dairy farmers to enroll in the Dairy Margin Coverage (DMC) program for 2019. Enacted in the 2018 Farm Bill, this safety-net program offers risk-protection to dairy producers when the difference between the all-milk price and the average feed cost […]

Farm Family Probate

Posted on August 9, 2019 by

The family farm has always been unique from an estate-planning perspective. Unlike many traditional businesses, a farm business typically holds a disproportionate amount of illiquid assets such as real estate, equipment, crops and livestock. It often has few liquid assets. Important planning needs to take place to deal with the incapacity or death of family-farm […]

Recreational Use Immunity: Protecting Landowners From Risks In Public Recreational Activities

Posted on June 26, 2019 by

It seems sometimes that no good deed goes unpunished. Landowners who permit access to their property for outdoor enthusiasts to engage in their favorite recreational activities – such as camping, hiking and hunting – could risk liability for doing so. But a Wisconsin law called the Recreational Use Immunity statute provides private landowners a layer […]

Tips for Farmers on Long-Term Care Costs

Posted on May 30, 2019 by

Harry and Sally want to pass their farm operation to their children. Ideally, they would also like to receive some income from the farm.  Because Harry and Sally do not have long-term care insurance, they are worried that if they need medical assistance (e.g., Medicaid) to help pay for long-term care such as a nursing […]

Carefully Consider Fiduciary Obligations

Posted on May 23, 2019 by

The sponsorship of a qualified retirement plan can be rewarding but frustrating – there are so many rules. Unfortunately agricultural employers are not given a break when it comes to sponsoring such retirement plans. Examples of qualified retirement plans are 401(k) plans, profit-sharing plans and money-purchase plans. Leaving the tax rules for another day — […]

Dairy Breakfasts, Farm Tours and Other Events–How to Limit Your Liability When Hosting an Event on the Farm

Posted on April 22, 2019 by

Hosting an event is a great way to build community morale, gain exposure for the host and possibly even make a little money. Farms can make excellent venues for hosting all types of events. The farmer hosting an event should make it his or her goal that each event-goer is having too good of a […]

Insurance Claims: When in Doubt, Report

Posted on April 10, 2019 by

Any prudent business obtains some level of insurance. Those periodic payments buy the peace of mind that insurance will step in when needed. In the event of certain unforeseen property damage, injuries or other losses, insurance provides the funds and legal support necessary for a business to avoid catastrophe. At least that’s how it should […]

Review Business Contract Carefully

Posted on February 22, 2019 by

Agricultural producers are often asked to enter into written contracts. Those contracts can cover a wide range of issues including buying equipment, leasing property and selling products. Although the subject matter varies widely, there are a number of issues that will typically apply to any business contract no matter what the subject matter. This article […]

Overcome Barriers to Farm Succession Success

Posted on November 16, 2018 by and

Sustaining a farm business over generations is something to be celebrated, but at the same time can be an enormous challenge. Besides the positive economic impact to the local community, there is also a public benefit from land held in farms that would otherwise be fragmented among a multitude of other owners. Studies have shown […]