J. David Aiken - Extension Water and Agricultural Law Specialist

David Aiken

(faculty)
Work Filley Hall (FYH) 103D
Lincoln NE 68583-0922
US
Work 402-472-1848 On-campus 2-1848

Faculty Bio

Q&A on the IRS Portability Rule March 1, 2017

A 2013 tax law change–the portability rule–can simplify farm and ranch estate planning. Farm and ranch families still need to do estate planning to develop and implement farm or ranch business transition plans so that the farm or ranch can continue to be successfully operated by the next generation. This Q&A addresses a number of questions.

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sample loan application form

Considering Ag Refinancing Options February 28, 2017

In today's tight agricultural economy, a lender may require you to provide additional loan collateral—including land—as a condition for receiving continued operating credit. For example, if your carryover operating debt is $160,000, the lender might suggest moving the loan onto some land, machinery, or other property that is clear of debt.

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Losing Your Operating Credit and Loan Subordination February 16, 2017

When an ag lender denies an operating loan for the next year and new funding sources are sought, a subordination agreement may be helpful in securing new credit while still laying out a payment plan for existing debt. Here’s what to consider.

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tractor in a field
Given current low crop prices and thin operating margins, parents may be asked to guarantee payment of a child's debt when the younger producer is having difficulty repaying a loan. Parents may want to seek an objective, third-party assessment counsel when evaluating their potential risk.

Things To Consider Before Co-Signing A Loan February 9, 2017

Parents co-signing loans for their children is common in agriculture. Traditionally, it has happened when a younger producer needs a loan for major purchases such as land, livestock, or farm equipment. Given current low crop prices and thin operating margins, parents also may be asked to guarantee payment of a child's debt when the younger producer is having difficulty repaying a loan. While no one wants to see a financial loss for their children, parents need to carefully consider the potential for losing a significant amount of their savings before signing on the bottom line.

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Lincoln solar farm
Figure 1. The state’s largest solar farm – located just west of Lincoln off Interstate 80 – features 15,333 solar panels on 30 acres. Developed by the Lincoln Electric System and completed in June 2016, it generates approximately 5 megawatts of electricity, enough to power 900 typical homes in Lincoln. (Photo by John Hay)

Solar Land Lease: Considerations in Nebraska January 31, 2017

Before signing a solar lease, consider how it may impact your taxes, insurance, federal agriculture programs, and other property rights such as oil and minerals. This article looks at solar leases and points to consider in Nebraska.

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Estate planning grahic

Nebraska’s Estate Plan for your Farm January 10, 2017

What happens if you die without leaving a will or trust? This article explains the provisions in Nebraska laws for administering your estate and transferring your assets, as well as who may have to pay inheritance taxes.

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