In the case where there is no well-structured legal documentation of who assumes business functions when a key manager is incapacitated —which would likely include many Nebraska farms and ranches — the business owner may seek to provide business operational continuity should they become unable to do so.
The new Family Farmer Relief Act of 2019 revises the federal bankruptcy code to increase the amount of total debt a producer may have and be eligible for Chapter 12 bankruptcy protection from $4.4 million to $10 million.
The deadline for formal notification to terminate a verbal or handshake year-to-year land lease agreement is September 1. Here are some things to consider when terminating various types of land leases.
A bill in the Nebraska Legislature would establish a process for reducing the value of land and buildings damaged by natural disaster. See how this process would work if passed in its current language.
Following spring blizzards and flooding in many areas of Nebraska, fencing repairs and new fences are a priority for many livestock producers. This looks at considerations when you assess fence damage, the fence law, and available assistance.