The newsletter of ISBA’s Section on Agricultural Law
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Newsletter articles from 2003
Comments from the editor
As we all know, "agricultural law" is an amalgamation of other areas of the law, ranging from real estate to environmental law and estate planning to corporations.
The Concentrated Animal Feeding Operation (CAFO) revised rule*
On December 16, 2002, the United States Environmental Protection Agency (U.S. EPA) announced a final rule that will require all large Concentrated Animal Feeding Operations (CAFOs) to obtain permits that will ensure they protect America's waters from wastewater and manure.
FDIC insurance coverage for estates and revocable trusts
Just as grain elevators can fail, so can banks. If you represent the executor of an estate or the trustee of a revocable trust, it is important to understand how FDIC insurance applies to estate or trust bank deposits
The highway commissioner
The following is condensed from materials presented by John W. Foltz at the ISBA's Agricultural Law Seminar sponsored by the Agricultural Law Section Counsel.
Novel settlement: A new trend?
In an election year, the historic practice in Illinois was for environmental enforcement to increase and for penalty demands in negotiated settlements to rise proportionately.
Property valuation may be reduced by proximity to livestock operation*
In Nebraska, land and buildings are valued at their fair market value for purposes of property taxation. Residential and commercial real estate is valued at 92-100 percent of actual value (i.e., farm market value) and agricultural real estate is valued at 74-80 percent of actual value.
The valuation and assessment of farmland property
As rural areas continue to develop, farmland values seem to edge steadily upwards, perhaps in recognition of the fact that fewer acres are available for production or because increases in the value of land for non-agricultural uses are pulling the entire market forward.
Whose pond is it anyway?
The Illinois Appeals Court for the Third District recently rendered an opinion on the often-discussed but sometimes little-understood issue of riparian rights.