McAfee & Taft AgLINC - December 2010

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INSIDE THIS ISSUE:

2 Oklahoma’s Nontestamentary Transfer of Property Act

3 Tracking EPA’s enforcement of the CAFO Mandatory Greenhouse Gas Reporting Rule

3 The excess farm loss deduction limitation

4 Oklahoma’s Oil and Gas Owners’ Lien Act of 2010

Our goal: full service to the industry

In 1997, this farm kid and calf roper joined McAfee & Taft, then one of Oklahoma’s largest and fastest growing law firms. The firm was a full-service business firm with a solid foundation in tax, corporate, real estate, oil and gas, employment and litigation. Being fresh out of law school, I probably did not fully comprehend the value of working at a full-service firm like McAfee & Taft, but in addition to learning how to be a lawyer, I began cultivating my goal of developing expertise in matters affecting the agriculture industry. After all, I could speak the language, and the agriculture industry comprised diverse business enterprises and continued to play a dominant role in Oklahoma’s economy.

After a few months of working at the firm, I discovered that we already had an underground agriculture practice. Our tax lawyers represented many large farming and ranching families in business succession, estate and tax planning. Our real estate lawyers represented the same clients and others in major real estate transactions. Our corporate lawyers represented numerous local, state and national agri-businesses. Our oil and gas lawyers also assisted mineral owners in oil and gas matters. Our employment lawyers counseled agriculture clients on employment issues and disputes. Our litigators handled a multitude of cases that impacted the agriculture industry. However, most of these lawyers didn’t consider their work to be ag work. They simply viewed this work as an integral part of being a business lawyer in Oklahoma. I also realized the incredible benefits of being able to look within the firm to lawyers with expertise in specific areas....

Please see full newsletter below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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