July 10, 2020

People can end up owning land or other real estate together in a number of different ways. It may be because they purchased the property together, it was gifted to them together, or they inherited the property together. While sometimes this starts out with the best intentions, it is not uncommon for co-owners of property to disagree on the ownership or management of the property. Eventually, a partition action may be the...

March 18, 2020

With the warming weather melting away this year's snowfall, Spring feels like it is right around the corner. Farmers are not the only ones with the spring-time itch as they impatiently wait to get into the fields, as turkey hunters have had April 15th (opening day) circled since they bought their 2020 calendars. Throughout the state and all over the nation, yearly hunting leases are signed for deer, turkey, and other types of...

January 14, 2020

The Minnesota Department of Agriculture has a Beginning Farmer Loan Program that offers affordable financing, a reasonable down-payment, and built in programs to help new farmers, such as farm management training and help with financial planning. This program is not only for brand new farmers, as funding an improvement is possible if completed along with the requested financing package.

November 8, 2018

The IRS recently announced that retirement savers will be able to save even more in 2019. This is great news for anyone that saves through individual retirement accounts like 401(k) plans, IRAs, and ROTH IRAs! The higher contribution limits also give savers a lower tax bill. 

Contribution Limits for IRAs and ROTH IRAs

The contribution limit for Traditional and ROTH IRAs for 2019 will be $6,000. This will be an increase of $500 o...

July 17, 2018

The summer months can be a great opportunity that allows farmers to take care some

“legal housekeeping” items.

 One of these “housekeeping” items that farmers can take care of is updating their estate plan. Updating an estate plan, whether it be a will, trust, or transfer on death deed, is something that all individuals need to stay on top of. Family situations change constantly, and in a family business such as farming, staying...