The Wimpy Principle
The Wimpy Principle, I will gladly write off this equipment today and pay for it in the future. Wimpy from Popeye was always promising to pay later. IRS rules on depreciation may have a Wimpy fan writing them. In many ...
Read More Swimming in Deep water with Government Sharks
Too much, too little, and at the wrong time in any amount, water can fall into any of these categories. Ag operations need access to water as a basic input to their operations. In the Midwest, we are largely immune ...
Read More Medicare Planning and Farm Assets
Medicare Planning and Farm Assets The best bet to make sure that your farm assets are passed to the next generation and you are able to meet your medical needs as you age is to buy a crystal ball and ...
Read More Ag Under Attack in the Courts. Nothing New Here to See or Smell.
Once again, litigants are attacking production agriculture in North Carolina. Large verdicts have returned against Smithfield Foods, a large pork integrator that places its owned animals on custom feed floors. The latest trend is not to sue the actual ...
Read More Keeping up with the Law
July is the month most law changes take effect in Iowa. Some highlights that impact agriculture operations are below: Small Claims. More Fighting for less. The small claims limit will be raised from $5,000 to $6,500, effective July 1st. Plaintiffs ...
Read More Spraying Can Lead to Suing
Your Signature is Valid. Even if credit card companies don’t require signatures anymore, signatures are important. Signing deals that don’t benefit you in the future can be held against you. Making deals without a Crystal Ball, escalator clause, or opportunity ...
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