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Media Contact: Catherine Dehdashti, U of M Extension (612) 625-0237, ced@umn.edu
ST. PAUL, Minn. (10/26/09) — Farming has become more than just producing crops and livestock. Marketing and production contracts, farm leases, security interests, bankruptcy, rights of unsecured creditors and many other legal issues have become a part of farming.
To assist farm families with establishing a basic understanding of many of the legal issues that face them today, University of Minnesota Extension is making available a farm legal series. The 16-piece series includes topics related to termination of contract for deeds, tax considerations in liquidation and reorganization, security interests in personal property, mortgage foreclosure, bankruptcy, production and marketing contracts, and more. All are available at no charge at http://www.extension.umn.edu/distribution/businessmanagement/DF7291.html. Pieces in the series can be downloaded individually or as a complete set. All relate specifically to Minnesota law.
The legal series was written by Phillip L. Kunkel, Jeffrey A. Peterson, and Jessica A. Mitchell, Attorneys at Law with Gray Plant Mooty Law Firm. All the information sheets are written in easily understood terms. Each varies in length depending upon the subject. Some have examples and calculations included. The series is not intended to be legal advice, as each situation differs. However, reviewing the series will give farm producers a good, solid understanding of the basics related to each topic.
Source: Gary A. Hachfeld, Extension educator in Agricultural Business Management.
NOTE: News releases were current as of the date of issue. If you have a question on older releases, use the news release search (upper left-hand column of the News main page) or the main Extension search (upper right of this page) to locate more recent information.
URL: http://
www.cyfernet.mes.umn.edu/extensionnews/2009/farm_legal_series.html This page was updated Oct. 26, 2009
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