Institutional or Legal Risk

Institutional or legal risk results from uncertainties surrounding government actions. Tax laws, regulations for chemical use, rules for animal waste disposal, and the level of price or income support payments are examples of government decisions that can have a major impact on the farm business.

There is one presentation in the core midwest Annie’s Project. It is Estate Planning. Institutional or legal risk will be addressed with topics that fit the dominant productions systems for an Annie’s Project site. For some locations that may include regulations regarding market regulations or labor law.

Estate Planning
Objectives

• Learn how farm property is owned and why it matters
• Understand powers of attorney
• Understand how an estate plan affects the next generation and why it needs regular review

• Forms of Property Ownership
• Powers of Attorney and other Forms of Substitute Decision Making
• Farm Transfer Strategies
• Estate Planning Ag Decision Maker resources

• Presenters tend to present from notes and welcome questions throughout the lecture.

• How Property is Titled (14 slide .ppt)
• How Property is Titled (54 slide .ppt)