The Tax Cuts and Job Act of 2017 is the most dramatic change to the U.S. Tax Code since 1986. This wide-reaching, complex tax reform passed in such a hurry at the end of 2017 that many business owners, including farmers, are still trying ...Read More
Co-authored by Dean Zimmerli
Benjamin Franklin once stated that “if you fail to plan, you are planning to fail.” Planning is an integral part of every farming operation. Farmers must regularly engage in advance planning to determine the crops they will plant ...Read More
The last issue of Pork Bits described air emission reporting requirements that were scheduled to become effective against farmers for the first time (as a result of a court ruling) and would have required many livestock farmers to report emissions of ammonia and ...Read More
Many businesses, including many farm businesses, organize and operate their businesses through separate business entities (e.g., corporations or limited liability companies). When properly structured, these entities can provide numerous management, succession, and liability protection benefits for farmers and other business owners.
But merely creating a ...Read More
Minnesota’s Riparian Protection and Water Quality Practices law, the so-called buffer law, was enacted in June 2015. Affecting an estimated 110,000 acres of land, much of it farmland, the law represents one of the most sweeping environmental regulations directly affecting Minnesota’s farmers.
The law requires ...Read More
One truth to both life and business is that issues will arise. While some can be planned for, others will rise up unexpectedly despite the most proactive of plans. However, including data protection as part of a comprehensive business plan may limit the disruption ...Read More