Contracts
For farm families looking to manage their tax burden, Farm CPA Paul Neiffer says reviewing how they own and lease farmland could reveal opportunities to reduce self-employment taxes.
The new MILO contract gives sorghum producers a direct tool to manage price-spread risk, but liquidity and regional basis differences remain important factors.
A carefully drafted will or trust can transfer property ownership. It cannot, by itself, rewrite federal program eligibility rules. For that reason, attorneys and CPAs advising farmers should include FSA participation in the standard estate-planning checklist.
Agricultural land is more than an economic asset. It is also a bundle of legal rights – and those rights may be narrower, broader, or different from what a landowner initially assumes. Understanding exactly what those rights are is essential to protecting farm and ranch property for the future.
ASFMRA’s Chad Hertz also discusses farmland leasing strategies, common negotiation mistakes, and considerations for balancing rental income with long-term tenant relationships.
While blockchain technology is not replacing wills and trusts, it is creating new planning opportunities and new risks that estate planners, CPAs, and financial advisors should understand.
Farm lease decisions could carry more weight as crop margins tighten and input costs remain high.
RFD News Farm Legal Expert Roger McEowen shares the major role of timing clauses in farmland sales, leases, and succession planning.
ASFMRA’s Luke Worrell joined us to discuss farmland market trends, insights from the Illinois Land Values Conference, changing buyer and seller demographics, and the latest outlook on planting progress.