[slideshare id=64362431&doc=overviewofcommonagriculturecontracts-7-25-16-160725160412] I will be going through the above presentation for a live webcast this Thursday at 3:30pm ET via Lawline. The recording will be available soon after my presentation via Lawline. You can register for the live webcast here. In this presentation, I will be discussing a few of the major contractual issues that affect production agriculture including agriculture production …
Ask Cari: Is Rental Income from a Farm Lease Self-Employment Taxable for Social Security Purposes?
I was recently posed this question from a farmer close to retirement concerned about social security. He has been farming his whole life and would like to shift into a landlord role. In way of background, you must have a certain number of credits under the social security system before receiving social security based eligible quarters. A farmer may have …
More Than a Handshake: Some Thoughts on Farm Leases
I make no secret on this blog that I believe farmers and ranchers should make sure to get contracts in writing, including farm or ranch leases. I want to stress that this is just as important for a family farm where the Landlord and Tenant may be family members. Even if the Landlord and Tenant are different entities (with the …
Types of Farm Leases: Cash-Rent vs. Crop-Share
Happy Friday! Last week, I stumbled across Rusty Rumley’s powerpoint presentation on “Agricultural Contracts and the Leasing of Land.” Rusty does a great job giving an overview of the building blocks. He’s a great teacher — he was one of my instructors in this agriculture law course last year— and I suggest looking at his presentation along with other useful …
ABA Agriculture Law Subcommittees
As I noted in this previous post, I am the new Chair of the American Bar Association (“ABA”), General Practice, Solo and Small Firm’s Division, Agriculture Law Committee. You can join the Committee and the Discussion List here. I have restructured the subcommittees as follows: 1. Ag ADR: mediation, arbitration 2. Ag Estate/Succession Planning, Family Law, and Taxation: estate planning,succession …