Agricultural Law & Taxation

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Understanding agricultural law and taxation is a critical component of protecting your farm against legal and financial risks. Provided in this section are several legal and tax related resources to help farmers make sound decisions for their farm, topics include employment law, information on legal organizational structures, food labelling, filing taxes for farm and non-farm income and more. This section is meant to provide guidance to farmers and does not constitute legal advice.

Articles

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Beneficial Ownership Information Filing
Understanding the BOI Filing Requirements for New Hampshire Farms
If your farm is organized as an LLC, corporation, or similar entity, you may need to comply with the new Beneficial Ownership Information (BOI) filing... Learn More
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Farm Business Records & Tax Planning
Keeping good records is critical for not only paying bills on time, but it is also essential for tax planning. The following tips provide information ... Learn More
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Farm Income Taxation for Beginning Farm Businesses
Important information about filing taxes for New Hampshire farmers
Just like any other income you receive from a business or a job, income from a farming operation is subject to state and federal taxation/ This articl... Learn More
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Resources

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How to Transfer Assets to the Next Generation [video]
Learn practical strategies for passing on your farm to the next generation in a way that minimizes taxes and keeps the peace within the family. Learn More
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Prenuptial Agreements [video]
See why prenuptial agreements aren’t just for the rich or famous—they can be a smart move for farmers who want to protect their assets and keep the fa... Learn More
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Medicaid Look-back and Disqualification Periods [video]
Find out how Medicaid planning impacts your farm assets, what you need to know about look-back periods and disqualification rules, and how to plan acc... Learn More
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What is Probate Court? [video]
We’ll demystify the probate process, explaining why it can be lengthy and costly and how to plan to avoid it for a smoother transition of your farm. Learn More
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Putting Your Assets into a Trust [video]
Understand why simply creating a trust isn’t enough and learn how to correctly transfer your farm assets into a trust to ensure it serves its purpose. Learn More
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Revocable vs. Irrevocable Trusts [video]
Confused about which type of trust might be right for you? We’ll explain the differences, benefits, and potential downsides of each, so you can decide... Learn More
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Limited Liability Companies (LLCs) [video]
Discover how an LLC can protect your farm from personal liability, provide flexibility in ownership, and simplify the transfer of assets to your heirs... Learn More
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Last Wills and Testaments and Trusts [video]
This video starts with the essentials of estate planning —what’s the difference between a will and a trust, and why are these documents so important f... Learn More
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NH Farm and Ranch Stress Assistance Network Impact Report: Addressing the Root Causes of Stress, Mental Health, and Suicide in the Farming Community
Our Farmers are Struggling, Farmer mental health challenges can result in loss of life, reduced ability to perform farm duties, lowered farmer quality... Learn More
Selected Essentials in Farm Employment Law - New Hampshire
The short and sweet of farm employment law in New Hampshire Learn More
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Legal Guide for New Hampshire Agricultural Producers
We are excited about the completion of a multi-year effort to develop a Legal Guide for New Hampshire Agricultural Producers!  

The pro... Learn More
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Making Sense of Trusts as an Estate Planning Tool [Webinar Recording]
2021 Future of the Farm Webinar Series

Recorded on April 13, 2021. View the recording.

Trusts seem like a logical way to... Learn More
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Making Your Farm Available to a Successor [Webinar Recording]
2021 Future of the Farm Webinar Series

Recorded on March 9, 2021.  View the recording.

This webinar gives an overview of... Learn More
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Dairy Management Alternatives in Low Income Years [Videos]
The following two webinars were a part of the Risk Management Education Series hosted by UNH Cooperative Extension on March 2, 2017.

Ma... Learn More
Gifting vs. Selling as a Means of Transferring the Farm Webinar Recording
The Future of the Farm: Estate & Succession Planning Webinar Series

Gifting can be a simple option to start transferring the farm a... Learn More
bookkeeping
New England Farm Account Book
This resource is a downloadable Excel Workbook to use as a recordkeeping system. Developed by UMaine Extension, this tool will enable you to keep dail... Learn More
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Hiring a Farm Employee in New Hampshire: Tax and Paperwork Checklist
Introduction

Hiring a farm employee is an exciting moment. It means the farm is getting large enough and stable enough to take on addit... Learn More