Friday, June 13, 2008
The Farm Service Agency has announced that payment eligibility and payment limitation rules under the 2002 Farm Bill will remain in place for 2008. Apparently, the delay in passing the Farm Bill will not allow FSA to implement the new rules for this year. Producers should likely sign up for 2008 programs as they have the past few years. I would not suggest making significant business structure changes until the final rules and regulations come out later this year. While the Farm Bill is passed, there likely still remains a significant amount of interpretation to be done by USDA and FSA. Until we know USDA and FSA’s precise interpretations, any business restructuring is risky. For assistance with this program, please contact us by clicking here.
Check back for further updates. – Robert Moore
Wright Law Co. LPA was founded in 1988 by Paul Wright. The firm was started after Paul retired from Ohio State University where he was the state specialist in Agricultural Law. Wright Law reflects Paul’s long time involvement and commitment to Ohio agriculture. Many of our clients are farmers, landowners, and agribusinesses. We take great pride in staying abreast of current agricultural law issues and serving the needs of our agricultural clients all across Ohio. The agricultural industry has special legal needs and Wright Law is privileged to be in a position to assist with those needs.
Wright Law is not only for farmers. We serve many non-farm clients with the same dedication and commitment that we devote to our agricultural clients. Whether drafting a will, buying a house, or starting up a new business, Wright law can help.