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
South Texas producers remain on alert as screwworm concerns grow; sterile fly efforts underway to prevent spread.
Fuel costs are shaping food and demand patterns.
High prices alone may not drive herd expansion.
Cotton may gain demand as polyester costs rise.
Trust with lenders strengthens farm financial decision-making.
ASFMRA’s Dennis Reyman joined us to discuss planting progress, crop trends, grain movement, and farmland market activity in Iowa.
