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
Financial matters in farming can be frustratingly complicated, especially when it comes to the process of filing for bankruptcy. That is the topic tackled in today’s blog post by Farm-Legal Expert Roger A. McEowen—the definition of “insolvency” for purposes of the exclusion from income of CODI.
October 04, 2023 02:14 PM
·
The “farm products rule,” and the 1985 Farm Bill modification and its application – that is the topic of today’s blog post from Agri-Legal Expert Roger McEowen.
October 03, 2023 02:43 PM
·
Recently, a bank in Texas got confused on the financing rules governing agricultural crops and lost its security interest as a result. Ag financing and priority rules among competing security interests—that is the topic of today’s post.
October 02, 2023 02:42 PM
·
The classification of persons conducting farming operations for a farm landowner—that is the topic of today’s blog post by RFD-TV farm-legal expert Roger A. McEowen.
October 02, 2023 02:27 PM
·
Farm-legal expert Roger A. McEowen discusses avoiding contractual obligations in times of pandemic.
October 02, 2023 02:11 PM
·
Is a handshake as good as your word? That is the topic of today’s blog post by RFD-TV farm legal expert Roger A. McEowen — the ability to enforce oral contracts for the sale of goods.
October 02, 2023 01:58 PM
·
Idaho Farm Bureau is taking it one step further and creating a competition for students to grow the largest and best strawberry based on the children’s book.
