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
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Agricultural Sector ,
Farms ,
Homestead Exemption ,
Limited Liability Company (LLC) ,
Marital Status ,
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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
Flyte Family Farm in Coloma has grown a lot over the years. Not only has Flyte grown tons of crops, but Flyte has also grown its business, which has expanded to five greenhouses and 3200 acres....more
The harvest is plenty, but with corn at $3/bushel, soybeans at $9/bushel, and milk at $15-$16/hundred weight, the profits are few. Did you know that in 2015 and 2016, the Western District of Wisconsin ranks 3rd (out of 94...more