Farm Office Blog
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The Farm Office Blog is a legal blog that is part of The Ohio State University's College of Food, Agricultural, and Environmental Sciences. The blog provides farmers and rural landowners with information on agricultural law and business. The mission of the blog is to provide practical advice and solutions to farmers and rural landowners to help them succeed in the ever-changing..
Farm Office Blog
1w ago
Co-authored by Tyler Zimpfer, Law Fellow, National Agricultural Law Center Many in Ohio agriculture are familiar with the terms “carbon sequestration” and “carbon credits.” The terms relate to efforts to reduce carbon in the atmosphere by capturing or “sequestering” the carbon. Ohio farmers have taken advantage of their ability to sequester carbon through practices like conservation tillage and cover crops, thus exchanging carbon sequestration practices or the generation of carbon credits for cash payments. Now an additional form of carbon sequestration is emerging: Carbon Capture ..read more
Farm Office Blog
1w ago
Written by AnnaMarie Poole, Law Fellow, National Agricultural Law Center In 2017, the Tax Cuts and Jobs Act substantially raised the federal lifetime gift and estate tax exemptions, nearly doubling the previous limits. As of 2024, individuals can transfer up to $13.61 million, and married couples up to $27.22 million, without facing federal estate tax. This increased exemption has provided significant tax relief by allowing larger portions of estates to be passed on tax-free. However, this benefit is temporary and is scheduled to end on December 31, 2025. After th ..read more
Farm Office Blog
2w ago
Friday, October 18 is the next date for our Farm Office Live webinar, featuring agricultural law and farm management updates from our OSU Farm Office team of experts. Join us at 10:00 a.m to hear from these speakers on our October topics: - Peggy Hall and Robert Moore Is H-2A a Viable Option for Your Farm? - Robert Moore and Jeff Lewis - Clint Schroeder and Amanda Bennett It's necessary to register for the free webinar, but register once and receive access to all of our monthly Farm Office Live webinars. Registration is at and a link to the webinar recordings is at the same l ..read more
Farm Office Blog
2w ago
Co-authored by Tyler Zimpfer, Law Fellow, National Agricultural Law Center Many in Ohio agriculture are familiar with the terms “carbon sequestration” and “carbon credits.” The terms relate to efforts to reduce carbon in the atmosphere by capturing or “sequestering” the carbon. Ohio farmers have taken advantage of their ability to sequester carbon through practices like conservation tillage and cover crops, thus exchanging carbon sequestration practices or the generation of carbon credits for cash payments. Now an additional form of carbon sequestration is emerging: Carbon Capture ..read more
Farm Office Blog
2w ago
One thing we're not short on in agriculture today is the opportunity to engage in carbon sequestration programs. Many programs are available that offer to pay farmers and landowners for adopting practices that sequester carbon dioxide to keep the pollutant out of the atmosphere. The practice aims to reduce greenhouse gas (GHG) emissions, as carbon dioxide is a significant contributor to GHG. Farming practices that sequester carbon include using cover crops, adopting no-till, and planting trees. If you're considering a carbon sequestration or carbon credit program, what do you ..read more
Farm Office Blog
1M ago
We are excited to announce that the Ohio Farm Resolution Services (OFRS) has been recertified by the USDA and will begin its second year of operation. OFRS is part of the USDA’s certified mediation program which provides the opportunity for each state to establish an agricultural mediation service. This program, established under the Agricultural Credit Act of 1987, provides a cost-effective, voluntary, and confidential alternative for resolving a wide range of issues affecting the agricultural community. OFRS primarily offers three key services. First, we facilitate mediation betw ..read more
Farm Office Blog
1M ago
Written by Tyler Zimpfer, NALC Law Fellow with the OSU Agricultural & Resource Law Program The Corporate Transparency Act (“CTA”), enacted in 2021, requires “reporting companies” to file documents with the federal government indicating beneficial ownership information (BOI) for the business. Earlier this year, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) began accepting BOI filings from certain companies doing business in the United States. While reporting has begun, several legal disputes have sprung up around the country challenging the constitution ..read more
Farm Office Blog
1M ago
By: David Marrison, OSU Extension Field Specialist, Farm Management click here for PDF version of article Drought conditions continued to degrade across Ohio. According to the U.S. Drought Monitor report on September 17, 59.56% of Ohio is experiencing severe or greater drought conditions with 9.5% classified as D4 or exceptional drought conditions (Figure 1). It is important to remember that D4 conditions only occur once every 50 to 100 years. Approximately 98% of the state is experiencing at least abnormally dry conditions. One silver lining is the current seven-day forecast shows the potenti ..read more
Farm Office Blog
1M ago
In our last blog post, we explored how an LLC affects liability when owning machinery. However, liability isn’t the only consideration when evaluating the benefits of an LLC for your machinery. In this article, we'll focus on the tax implications of establishing a machinery LLC. As with most legal and tax strategies, there are both advantages and disadvantages to weigh before making a decision. Farmers often use Section 179 to immediately expense the purchase of machinery rather than taking depreciation over a number of years. If the machinery is used in the farming operation, Section 17 ..read more
Farm Office Blog
1M ago
Barry Ward, Leader, Production Business Management Writing this feels like déjà vu. It feels like we’ve lived through this before and for good reason. The article I wrote last year about significant increases in Current Ag Use Value of farmland can be repeated almost word for word. Again, large increases in the Current Ag Use Value (CAUV) of farmland in 2024 will result in higher property taxes for farmland owners in 2025. Twenty-four of Ohio’s eighty-eight counties will see property tax increases in 2025 due to higher CAUV. Several factors have led to this increase in ag use valuation. The av ..read more