March 2009 Country Counsel by: Robert Moore THE Farm Service Agency has released new rules for direct payment limitation that contain several significant changes. Farmers who produce corn, soybeans and/or wheat are eligible to receive these payments. The producer receives the direct payments each year regardless of that year’s yield or crop prices…Download full article …
February 2009 Country Counsel by: Robert Moore TRUSTS are not an appropriate estate-planning tool for everyone. However, most farmers can benefit from having a trust-based estate plan. A trust allows for probate avoidance, estate tax reductions and more control of assets after death…Download full article here.
December 2008 Country Counsel by: Robert Moore CURRENT agricultural use valuation, or CAUV, allows farmers to pay real estate taxes on the agricultural value of their farmland instead of the fair market value of the farmland. To use an actual example, a 54-acre parcel in Delaware County has a fair market value of $171,500 ($3,175 …
November 2008 Country Counsel by: Robert Moore EVERY farmer at some time will hire an employee or a contractor to perform work on his or her farm. While it might not seem an important distinction, whether the person performing the work is an employee or contractor has major implications regarding the liability exposure of the …
October 2008 Country Counsel by: Robert Moore THE fall hunting season is upon us and with it the many hunters that help keep a healthy and manageable wildlife population in Ohio. Hunters provide a very valuable service to landowners, but landowners also may have concerns about the potential liability of allowing hunters on their property. …
