When transition agreements aren't put in writing and a parent dies, the children often disagree about how to divide the farm. Dr. Don Jonovic offers advice on how to avoid division within the family by agreeing on a plan before it's too late.
Agriculture Secretary Mike Johanns today announced $2.8 billion in aid for victims of the 2005 hurricane season. Agricultural producers will receive $1.2 billion through various programs. The rest will go toward restoring homes and rural communities.
Excellent corn yields and low prices resulted in significant levels of loan deficiency payments (LDPs) being available to farm operators last year.
Due to potentially large LDP payments per acre for corn, a large number of farm operators could reach the $
Alan Thompson owned 1,000 acres by the time he was 24, without a cosigner. At 30, he got caught in the wave of rising interest rates and falling land values and had to sell most of the land. Now he wants to help his son start farming but also reduce the ri