A new eight-part series of fact sheets on farming and agricultural legal issues is now available online.
The new topics cover entity selection and restrictions, trusts, landowner liability, water rights and drainage, mitigating counter-party risk, labor law and the Affordable Care Act. The fact sheets are from the University of Minnesota Extension Agricultural Business Management team and attorney Phillip L. Kunkel and others from the Gray Plant Mooty law firm.
The eight new fact sheets are part of a 24-part farm legal series aimed at protecting business viability and regulatory compliance for farmers.
"The new fact sheets cover topics that producers have been asking questions about, so we were excited to work with Phil and his team to add them to the series," said Bob Craven, University of Minnesota Extension economist. "The updates to the existing fact sheets assure the series is current with changes in Minnesota and federal law."
Sixteen existing online resources in the series have been updated to reflect regulatory changes.
The revised fact sheets cover topics including farm leases, agricultural production and marketing contracts, financing the farm operations, mortgages and contracts for deed, tax considerations of liquidations and reorganizations, and bankruptcy.
The complete series of fact sheets can be found at http://www.extension.umn.edu/agriculture/business/taxation/