MANHATTAN, Kan. (RFD News) — Elevated interest rates and tight operating margins have many farmers taking a closer look at their business structures.
RFD News farm legal expert Roger McEowen, with Kansas’ Washburn School of Law, joined us on Wednesday’s Market Day Report to discuss strategies that can help protect family operations and preserve equity for the next generation.
In his conversation with RFD News, McEowen said changes included in the “One Big Beautiful Bill” Act (OBBBA) could provide additional flexibility for some farm entities while increasing potential access to farm program payments.
He also encouraged producers to maintain clear business structures and work closely with tax professionals before selling machinery or making major financial decisions.
McEowen said farmers have more tax and financial management tools available today than during previous downturns and encouraged producers to take a proactive approach as they navigate the current farm economy.
READ MORE: Farm Program Planning Strategies in a Challenging Economy—Firm to Farm
