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May 27, 2024
With the potential decrease in the federal estate tax exemption in 2026 looming, now is the time to consider gifting strategies that may help reduce a farm estate's federal tax liability.Read our latest bulletin on Gifting to Reduce Federal Estate Taxes for an explanation of how gifting might help reduce a farm's federal estate tax risk.
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Apr 22, 2024
Yes, some farmers do retire! When they're ready, there are strategies for transferring farm operating assets while addressing income needs and tax implications. Our latest bulletin in the Planning for the Future of Your Farm series explains those strategies.
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Apr 11, 2024
The final Farm Office Live webinar of the season was Friday, April 19 and featured industry guest Tim Harpster, who talked with us about trends in farm appraisals, and our Farm Office team covering tax, dairy margin coverage, fertilizer survey, transferring farm operating assets, and other current issue topics. Did you miss the webinar? No worries, you can visit go.osu.edu/farmofficelive for recordings of all Farm Office Live webinars!
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Mar 26, 2024
The total solar eclipse date of April 8 is fast approaching! If your farm is in the solar eclipse pathway, now is the time to prepare for the expected influx of up to a half-million people. Read our article on 5 steps you can take now to address safety and legal issues that could arise on your farm.
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Feb 23, 2024
Our new course for food business entrepreneurs is open! The course provides guidance on making and selling home-produced and farm-raised food products, addressing entreprenurship, organizing a business, food safety, legal compliance and marketing. Now available at go.osu.edu/foodbusinesscentral.
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Feb 13, 2024
It's time to consider your farmland lease for the 2024 growing season, and we're ready to provide information to help you. Join us on March 1 at 10 a.m. for a special edition of our Farm Office Live webinars, where we'll provide an Ohio Farmland Leasing Update. More information is available here.
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Jan 29, 2024
Our webinar on February 20, 2024 at 7 p.m. will help farmers understand how to manage Long-Term Care needs, projected costs of care, and strategies to minimize the risk Long-Term Care poses to a farming operation and farm family. Learn more about the free webinar here.
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Jan 23, 2024
There's a lot of talk about the new reporting requirements for small businesses under the Corporate Transparency Act. Our law bulletin explains who is subject to the new law and what it requires. Find "The Corporate Transparency Act: Reporting Requirements" here.
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Jan 4, 2024
Farm insurance is a critical tool for protecting farm assets, so make sure you understand your farm insurance policy. Our webinar on January 11, 2023 at 7 p.m. will help you learn more about farm insurance, how it works, asset coverage issues, handling a claim, and more. Watch the recorded webinar here.
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Jan 3, 2024
Ohio's Beginning Farmer Tax Credit Program is entering its second year, and those who plan to participate in the program in 2024 should begin planning now. We provide an explanation of how the program works in our latest law bulletin, available in our Tax Law Library.