Leaving a legacy has always been an important concept for farm families. While that legacy often involves landholdings and leadership roles, it can also include faith, values, and reputation.
Roger McEowen with the Washburn School of Law joined RFD-TV’s Tammi Arender to discuss why legacy also involves character, the main considerations producers need to keep in mind to best structure their farming business, and how a farmer knows if their activity is a trade or business in the eyes of the IRS.
Related Stories
Jeramy Stephens with National Land Realty joined us to share guidance on preventing land fraud, identifying scams, and protecting farm and rural property owners.
Higher placements lifted feedlot inventories, but slower marketings point to continued tightness in finished cattle movement.
England Cattle Co. in Mercedes, Texas, is coming off a highly successful production sale.
China remains critical to U.S. farm exports, but Brazil’s growing market share keeps pressure on U.S. soybean demand.
Tight cattle supplies should keep beef prices supported, while dairy, pork, and poultry are poised for greater production growth.
China’s pledge is supportive, but producers need confirmed sales and shipments before counting it as stronger export demand.
