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The Basics of Title Insurance
For many farmers, the winter is a time of reflection on the prior year’s yield and preparation for the growing season ahead. This reflection and preparation phase might involve thoughts of expansion for the upcoming year, whether through the purchase of assets from an older generation as part of the farm transition process, the purchase of additional real estate from an unrelated third party, or the construction of additional improvements/facilities on the farm. Whenever real...
Untangling Joint Ownership of Real Estate
By: Ronald L. Finck, Esq. It is not uncommon in the farm community for real estate to be owned jointly by two or more owners.  Many times, parents will transfer their real estate to more than one child as part of their estate and farm succession plan.  Joint ownership of real estate often presents unique problems for the joint owners.  A co-ownership agreement should be considered to set forth how the joint owners will use...
Agricultural Production Contracts
By: Melanie L. Vanderau, Esquire The use of formal contracts in agricultural production, including crop growing and livestock production arrangements, has been on the rise in recent years. If you find yourself wondering whether it’s worth it to have a formal agreement in place in a production relationship, remember that the purpose of a formal contract is to minimize risk. The more certainty you have in place by clearly agreeing to terms in writing, the...