Tag Archives: farm

Litigation Award for Damage to Dairy Farm Ordinary Not Capital

If a dairy farmer receives an award for damages to the farm, is the damage award capital or ordinary?  The distinction is important.  Unlike ordinary income, capital gains are generally afforded lower tax rates and not subject to self-employment taxes.  The … Continue reading

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Provisions to Watch During Farm Bill Debate

The Senate and the House have passed their respective versions of the 2018 farm bill. The Senate passed its bill by a vote of 86-11 on June 28, 2018, and the House passed its more partisan bill by a vote … Continue reading

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Bipartisan Support Keeps Energy Title Programs In Farm Bill

By Lynn L. Bergeson On May 17, 2018, a proposed amendment to repeal the Farm Bill’s energy title programs was defeated in the U.S. House of Representatives by a vote of 75-340. These title programs provide grants and loan guarantees to … Continue reading

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Hope in Kentucky Farm Country

Jeremy Hinton is an eighth-generation Kentucky farmer. He and his wife Joanna own Hinton’s Orchard and Farm Market in Hodgenville, Kentucky – the birthplace of Abraham Lincoln. “Our family came to LaRue County the same year that the Lincolns did, … Continue reading

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Getting Divorced When You Own a Farm: Special Considerations

If you’re one of Minnesota’s nearly 80,000 farmers, you face unique joys and challenges in all aspects of life — including marriage and divorce. While there’s no such thing as an easy divorce, the process can be particularly complicated when … Continue reading

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