Nebraska Farm & Ranch Expenditures Down from 2016
August 15, 2017
But Several Expense Categories Far Exceed National Averages
Who Needs a 1099?
August 8, 2017
Farmers and ranchers are required to issue IRS 1099 forms for any payments of $600 or more made in the course of their trade or business. This basically means that if you are deducting that cost on your tax return, your need to issue a 1099. Learn more about the requirements and recommendations for issuing.
Terminating a Verbal Farm Land Lease
August 2, 2017
Some farm leases are not written, but are verbal or "handshake" agreements, the details of which may be remembered differently by both parties. This article addresses the deadline for giving termination notice for crop land leases (Sept. 1), how the requirements differ for crop and pasture lands, and links to sample written leases.
Q&A on 2017 Solar Eclipse and Nebraska Agritourism Liability
July 27, 2017
Nebraska will be host to thousands of visitors looking to catch the optimal view of the August 21 above our skies. Before opening up your lands to this agritourism opportunity, be sure to understand and addess your liability.
2017 Farm Real Estate Report Details Price Decline
June 30, 2017
The 2017 Nebraska Farm Real Estate Report released today estimates total value of agricultural land and buildings in Nebraska fell to approximately $127.7 billion, down $5.6 billion from 2016. In the all-land category the state ag real estate average value was $2,820 per acre or about 9% less than the prior year’s value.
Kansas Federal Jury Awards $218 Million in Syngenta Litigation
June 29, 2017
On June 23 a federal jury awarded $218 million in damages to 7300 Kansas farmers for lost revenue from China rejecting corn shipments containing unapproved Syngenta varieties.
Register Now for July Farm Finance and Ag Law Clinics
June 21, 2017
Openings are available for one-on-one, confidential farm finance and ag law consultations being conducted across the state each month. An experienced ag law attorney and ag financial counselor will be available to address farm and ranch issues related to financial planning, estate and transition planning, farm loan programs, debtor/creditor law, water rights, and other relevant matters.
Quicken Tags for Your Farm or Ranch
May 23, 2017
Learning how to use tags in Quicken can help you quickly capture various types of transactions and generate a picture of spending and income for categories important to your decision-making needs.