There are many legal rules covering farms – rules that producers might not be aware of.
A farm building may not be covered by standard insurance. Farm buildings are exempt from the state building code. And many standard...more
The latest federal bankruptcy statistics contain more bad news for Wisconsin’s farmers. Chapter 12 farm bankruptcies continue to rise even though overall bankruptcies continue to fall....more
Farmers may have wondered how a neighbor or someone else filing bankruptcy can keep his or her house. The answer is exemptions.
Exemptions are assets that can be kept from unsecured creditors. The Wisconsin Legislature...more
9/26/2018
/ Agricultural Land ,
Agricultural Sector ,
Farms ,
Homestead Exemption ,
Limited Liability Company (LLC) ,
Marital Status ,
Mortgages ,
Property Owners ,
Property Tax ,
Property Valuation ,
Tax Assessment ,
Tax Exemptions
Low grain and milk prices have negatively affected Wisconsin’s ag economy for a few years now. As further evidence of the financial stress on Wisconsin farmers, the national bankruptcy statistics show that, in 2017, more...more