Legal

What to watch for in energy leases

By Norman Brock
Attorney at Law, Brock Law Firm

Many of our widespread agricultural base of clients have, over the last several years, been presented opportunities to participate in an energy lease, whether solar or wind. Many of these leases were entered into years ago, most especially wind energy leases, and now are producing very significant income streams for…

wheat field

I’m a farmer, what do I need an attorney for?

By John Kragt
Attorney, McGuire, DeWulf, Kragt & Johnson, P.S.

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…

wheat field

Power of attorney – when and why

By John Kragt
Attorney, McGuire, DeWulf, Kragt & Johnson, P.S.

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…

wheat field

Simple steps can help stop cyber, wire fraud

By John Kragt
Attorney, McGuire, DeWulf, Kragt & Johnson, P.S.

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,…

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Ag overtime rules: Is there a workable solution?

By Jared King
CPA, Leffel, Otis & Warwick, P.S.

For many farmers in Washington state, paying their employees overtime pay has not been required in the past. No matter how long the day, employees earned their hourly pay rate. It was simple, convenient and predictable for the farmer and the employee. However, a November 2020 Washington Supreme Court case…

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Estate planning for farm ground

By John Kragt
Attorney, McGuire, DeWulf, Kragt & Johnson, P.S.

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…

handing over keys

What’s the right ownership entity for farm land?

By John Kragt
Attorney, McGuire, DeWulf, Kragt & Johnson, P.S.

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,…

wheat field

Five items to review in estate planning documents

By Guest Author William O. Etter

Absent a significant change in life circumstances (e.g., the death, disability or desired disinheritance of a current heir), I advise clients to review their estate planning documents every three to five years. The purpose of the review is not to determine whether changes in state or federal law necessitate revisions…