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The OSU Extension Farm Office Team returns for another Farm Office Live webinar on Friday, November 17 from 10:00 to 11:30 a.m.
Join us to hear from our agricultural law and farm management specialist. This month's webinar will feature the following topics:
Featuring the work of Carolyn C. Jolly, Law Fellow, National Agricultural Law Center
The State of Arkansas made history last month when it took steps to enforce its new law restricting foreign ownership of land in the state. Arkansas ordered Northrup King Seed Co., a subsidiary of Syngenta held by China-owned company ChemChina, to give up 160 acres of Arkansas farmland it owned. The State also assessed a $280,000 fine against Syngenta for failing to disclose the land ownership. The actions are the result of a new foreign ownership law enacted by the Arkansas legislature earlier this year.
If you and your family are grappling with the critical issue of how to transition the farm operation and farm assets to the next generation, we can help. Attend one of our “Planning for the Future of Your Farm” workshops this fall and winter to learn about the communication and legal strategies that provide solutions for dealing with farm transition needs and decisionmaking. We've scheduled both a webinar version and several in-person options for the workshop, with the first in-person workshops coming up soon--November 29, 2023 in Mt. Orab and December 7 in Celina.
One of the primary challenges for a retiring farmer is the large tax burden that retirement may cause. Throughout their farming careers, farmers do a good job of managing income taxes, in part, by delaying sales and prepaying expenses. This strategy works well while the farm is operating but can cause significant tax liability upon retirement. The combination of a large increase in revenue from the sale of assets and little or no expenses to offset the revenue can cause a retiring farmer to be pushed into high tax brackets. It is not unusual for 40% or more of the sale proce
Agricultural & Natural Resources Income Tax Issues Webinar
Barry Ward, Director, Income Tax Schools at The Ohio State University
An agricultural easement is a legal instrument that can protect farmland from non-farm development and preserve the legacy of family land for the future.
Income Tax Schools 2023
OSU Extension Announces Two-Day Tax Schools for Tax Practitioners &
Questions from farmers and farmland owners about agricultural easements are on the rise at the Farm Office. Why is that?
