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Management Tool of Last Resort: Bankruptcy Offers Protections to Qualifying Agricultural Operations and Fishermen to Restructure Business and Survive Tough Economic Times
Agriculture like many businesses is full of risks: marketing, financial, production, labor, and legal risks. With each risk area, producers must develop strategies to manage those risks. To manage marketing risks, for ...
Ensuring the Continued Viability of Rural Communities: Using Mediation to Settle Disputes
Mediation, a form of alternative dispute resolution, has considerable advantages over litigation in terms of relationships among parties, finances, and time. Mediation can be a useful alternative to expensive litigation ...
Valuing On-Farm Heir’s Sweat Equity Is Complicated: Agreements Can Fairly Compensate On-Farm Heirs
Determining the value of sweat equity can be both challenging and controversial for farm families. Sweat equity arises as an issue when an on-farm heir receives payment at below market rate, and the farm business grows in ...