Review Real-World Sample Farm Contracts, Forms, Leases and Case Studies
Are you looking for unique ways to help your agriculture clients increase profits, reduce risks, minimize liabilities and decrease costs? In this practical legal program taught by veteran farm business law attorneys, you'll gain useful how-to's, analyze real-world examples and get up to speed on current market trends. Jam-packed with sample worksheets, forms and creative tax-saving techniques, you're sure to gain new ways to help all of your farming clients be more profitable - register today!
- Get up to speed on changes to state and federal regulations affecting farmers.
- Review sample agriculture contracts, agreements and forms.
- Gain techniques for creating equitable farm leases for both lessors and lessees.
- Learn new ways to allocate land and quota, fertilizer carryover value and management costs.
- Better structure AND document production and agribusiness loans.
- Review critical considerations regarding bankruptcy for farmers, debt financing and more.
- Gain insight on the liquidation of farm assets, exemptions and tax issues.
- Confidently handle the sale and purchase of an agriculture business.
- Get new ideas regarding business succession planning for the family farm, including retaining the C corporation.
Day 1: Financing, Bankruptcy Issues, Valuation and Transactions
- Farm Law Update, State and Federal Regulatory Changes
9:00 - 10:30, Brian C. Buescher
- Agricultural Finance: Practical Tips for Attorneys
10:45 - 12:00, Anthony D. Todero
- Update on the Current Market
- Overview of Different Farm Loans: Pros and Cons
- Structuring and Documenting Production and Agribusiness Loans
- Bankruptcy for Farmers, Debt Financing, Receiverships, Restructuring, Liens and Workouts
1:00 - 2:15, Anthony D. Todero
- How to Preserve the Family Farm
- Reduction of Interest Rates and Debt
- Farm Assets: Liquidation, Exemptions and Tax Issues
- Feed, Seed Liens and Producer's Lien Claimants
- Preempting Foreclosure with Strategic Bankruptcy
- Extending Amortization Schedules
- Dismissal and Discharge of Farm Debt Under Certain Circumstances
- Chapter 12, 11 or 13?
- Qualification, Requirements and Rights
- Development and Modifying of the Plan
- Conversion of the Case to a Chapter 7 Liquidation
- Farm Valuation: Practical Insight for Attorneys
2:30 - 3:30, Jason Bruno
- Measurement, Description, Zoning
- Livestock Valuation and Sale
- Valuation of Crops in Progress
- Predicting Harvest Yield
- Valuation Discounts
- Handling the Sale and Purchase of an Agriculture Business
3:30 - 4:30, Jesse D. Sitz
- Vital First Steps you Can't Skip
- Due Diligence Tips
- Structuring, Drafting and Negotiating the Agreement
Day 2: Succession Planning, Contracts and Livestock
- Entity Selection and Forming the Farm: Legal (and Tax) Pitfalls and Pointers
9:00 - 10:30, Matthew Ottemann
- Business Succession Planning for the Family Farm
10:45 - 12:45, Jesse D. Sitz
- Who Should Plan?
- Retaining the C Corporation
- Adding a New Entity
- Creation and Implementation of Conversion Plans
- Dissolving the C Corporation and Starting Over
- Entity Changes (Pros and Cons) Business and Tax Consequences
- Farm Contracts, Leases and Agreements (With Examples)
1:45 - 3:15, Trev E. Peterson
- Flexible and Fixed Cash Rental, Crop Share Agreements and Farm Equipment Leases: Key Provisions
- Land Owner vs. Farmer Rights, Level of Control and Possession Right of Re-entry
- Rental Rates, Payments, Duration and Liability
- Terminating a Lease
- Subleasing Farmland - Legal Landmines
- Production Contract
3:30 - 4:30, Jason Bruno
- Acquiring New Clients
- Defining the Scope of Representation
- Entering into the Attorney-Client Relationship
- Avoiding Problems During Client Representation
This basic-to-intermediate level program is designed for
- Enrolled Agents and Tax Preparers
- Real Estate Professionals
- Bankers, Credit Officers and Loan Officers
- Financial Planners and Service Managers
- Insurance Agents and Adjusters