Posts by John Kragt
I’m a farmer, what do I need an attorney for?
Many people ask me all the time what kind of law I practice, and they are surprised when I tell them agricultural law. They then wonder how I feed my kids. I also have several clients that do a will or a one-off project and say, “Thanks, but I hope to never have to use…
Read MorePower of attorney – when and why
Most people are familiar with the concept of a will and/or a trust. What most people fail to understand is that those documents only come into play when you are dead. What many people fail to have is a durable power of attorney. Many people saw “Rocky 5” (to be clear the author follows the…
Read MoreSimple steps can help stop cyber, wire fraud
This is my last Bottom Line column of the year, and I have enjoyed writing them. I hope you have not been too bored reading them! This final article is an unusual topic but one that is often overlooked by most farmers. When most farmers think about liability and insurance, they think about crop insurance…
Read MoreEstate planning for farm ground
In the February issue of Wheat Life, I discussed what kind of entity farm ground should be held in. I have had several people follow up, asking how to transition their farm ground without setting up an entity like an LLC. While I believe an LLC has several advantages, it is also still possible to…
Read MoreWhat’s the right ownership entity for farm land?
One of the most popular questions my firm gets is “how should I own my farm ground?” Many people inherit farm ground from their family and start to wonder if it would be better to put it in a corporation, an LLC or some sort of a trust. The answer, like all good answers from…
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