Disclaiming implied warranties
Because items such as livestock, feed, seed, or pesticides are goods, sales and other transactions involving them result in the creation of warranties.
The Family Farmer Bankruptcy Clarification Act
Family farmers seeking bankruptcy protection are often surprised by the need to pay capital gains taxes upon the sale of farming assets (land and/or equipment) which are sold as part of the reorganization process.
Get a survey
A survey is nearly a necessity when agricultural land is to be purchased, and today many lenders will require one before any loan will be funded or approved.
Impacts of the Value-Added Producer Grant Program on business outcomes
The Value-Added Producer Grant Program provides grants to help farmers and ranchers add greater value for agricultural commodities and aims to generate new products, initiate and expand marketing opportunities, increase producer earnings, create new jobs, and contribute to community economic development.
Lack of spouse’s signature: A problem for perfection?
With the significant and long-term downturn in the agricultural economy, many producers with marginal financial resources are teetering on the edge of collapse. In many instances, a bankruptcy filing will be the result.
New farm bill: What are the topics of discussion?
The House Committee on Agriculture recently approved the Agriculture and Nutrition Act of 2018, which will address the economic challenges facing farmers and ranchers and make investments in opportunities for SNAP recipients.
The tariffs and agriculture
The U.S. Department of Agriculture is taking steps to assist farmers in response to trade damage from unjustified retaliation by foreign nations.
Tax court says no time limit for examining calculation of DSUE
A recent tax court opinion stands for the proposition that there is no limit to the number of years the IRS can go back to review (and correct) a DSUE reported by the estate of the spouse who died first. This lends a bit of uncertainty to the benefit of portability.