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To help you stay abreast of the ever-changing status of the Corporate Transparency Act's beneficial ownership information reporting requirements, we're providing a timeline. Stay tuned for further updates!
March 21, 2025
In recent months, I have received many questions from farmers and their advisors about the so-called “residual fertility” deduction.
The new year is well underway! At the Beginning Farmer Center we are looking forward to new activities and programming, the first of which is our upcoming 2025 Farm Transitions Conference on February 6th and 7th.
On January 15, 2025, USDA issued long-awaited technical guidance to allow farmers to quantify the greenhouse gas emissions associated with corn, soybeans, and sorghum grown using climate smart agriculture (CSA) practices.
Update: On March 21, 2025, the Department of Treasury issued an interim final rule, narrowing the application of beneficial ownership information reporting requirements to "foreign reporting companies" only.
As the 119th Congress gets to work, members of the new Republican majority have discussed many issues, including border security, increasing the debt ceiling, funding the government beyond March 14, 2025, scaling back Inflation Reducation Act prov
The 2018 Farm Bill (Agricultural Improvement Act of 2018) has been temporarily revived. On December 21, 2024, Congress enacted the American Relief Act of 2025, P.L.
12/31/2024 Update:
On October 30, 2024, the Iowa Court of Appeals affirmed the district court’s dismissal of claims against a son who was financial agent for his dad when he received a gift of eighty acres from his father.
On October 30, 2024, the Iowa Court of Appeals affirmed the district court’s determination that Iowa’s liability shield for domesticated animal activity is not an affirmative defense.
On October 16, 2024, the Iowa Court of Appeals affirmed the district court’s decision to dismiss a trust beneficiary’s claim that the bank trustee breached its duty when failing to advise the beneficiary about the power of appointment granted to h
Recent hurricanes have caused widespread destruction to farms throughout the southeast resulting in damage and destruction of assets and loss of income.
On September 30, 2024, the 2018 Farm Bill expired, again. This is not unique. Last September, the bill also expired, and Congress enacted a one-year extension on November 19, 2023.
On September 18, 2024, the Iowa Court of Appeals affirmed the summary judgment granted by the Business Specialty Court to Farm Credit Services in an action brought by farmers challenging the enforceability of a debt restructuring agreement.
Time is running out to avoid automatic renewal of a 2024 farm lease in Iowa.
On July 24, 2024, the Iowa Court of Appeals affirmed the district court’s denial of a promissory estoppel claim by a long-serving farm worker. In 2020, the farmer died without a will.
The tax rules associated with implementing conservation and CSAF practices depend on the type of activity, the method of funding, and the involvement of the taxpayer. Most government program payments generate taxable income for producers.
Because of tax credits created by the Inflation Reduction Act (IRA) for clean fuel production, some farmers may in the near future receive a higher price for selling crops to renewable fuel producers (i.e.
Update: Read this article for the latest status on BOI Reporting FinCEN Exempts all Domestic Reporting Companies and U.S. Persons from BOI Reporting
On June 5, 2024, the Iowa Court of Appeals affirmed the district court’s order appointing one of three brothers as the successor trustee of their mother’s trust. The case was one in a series arising from a family dispute involving the brothers.
