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.
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.
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.
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.