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
But, what does “detached and disinterested” mean? When is a transfer of funds a gift — at least in the eyes of the IRS? That is the topic of today’s Firm to Farm blog post by RFD-TV’s Agri-Legal Expert Roger A.McEowen.
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The distinction between co-tenancy and joint tenancy and why it matters — is the topic of today’s Firm to Farm blog post by RFD-TV Agri-Legal Expert Roger McEowen.
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As the USDA tracks how Plant Hardiness Zones are slowly shifting across the country, they are also adjusting their recommendations for gardeners when it comes to perennial plants. The data is also used the by Risk Management Agency to determine crop insurance rates.
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In honor of Veterans Day this weekend, we wanted to take a moment to highlight an incredible program connecting our great nation’s heroes with agriculture!
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Agriculture Accounting Expert Paul Neiffer joined us Friday on Market Day Report to take a further look.
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