TOPEKA, Kan. (RFD-TV) — With a government shutdown delaying a potential aid package for farmers, many in the ag sector are growing concerned about the future of the Farm Bill and the timing of federal relief efforts.
RFD-TV farm legal and taxation expert, Roger McOwen, with the Washburn School of Law, joined us on Wednesday’s Market Day Report to share his perspective on what farmers can expect from the delayed aid package.
In his interview with RFD-TV News, McOwen discussed the uncertainty surrounding the relief package, noting that details may remain on hold until the shutdown is resolved. He also addressed the increasing interest among producers in agricultural liens as a financing option to cover operational costs during challenging times.
McOwen also explained the basics of how ag liens work, outlined the main categories, and clarified what happens when multiple creditors hold liens on the same property.
Farm-Level Takeaway: Understanding lien rules and prioritizing clear communication with lenders is critical to navigating the current financial pressures in agriculture.
LEARN MORE: Firm to Farm — On-Farm Processing Facilities; Ag Liens; Gifting Equipment; and Portability
The topics in ag law and tax are diverse. There’s never a dull moment. For now, here’s a selection of various ag law topics from RFD-TV Agricultural Law & Tax expert Roger McEowen.
With ransomware and other cybersecurity threats on the rise, the U.S. Small Business Association wants to help bolster the resources available to farmers and other rural Americans who operate small businesses.
The new approach to animal identification in the cattle industry—that’s the topic of this Firm to Farm blog post by RFD-TV agri-legal expert Roger McEowen with the Washburn School of Law.
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Since the Tennessee Main Street program’s inception in 2010, 78 rural commercial districts have been improved. These 12 new additions bring that total number up to 90.
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One drawback of co-equal ownership in estate planning is the right of partition of a co-owner. That’s a particularly acute problem when parents have both on-farm and off-farm heirs.
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A family settlement agreement is one method to resolve financial conflicts among family members over assets—if executed properly, that is.
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