Agenda / Content Covered

1. Regulatory Update
   9:00 - 10:00, Jeremy Green and Dennis M. Taylor
   
   1. Farm Bill
   2. Federal Regulations
   3. State Regulations
2. Financing, Buying and Selling Farm Land and Businesses
   10:00 - 11:00, Kaitlin M. Pals
   
   1. Agricultural Financing and Credit
   2. Traditional Mortgage
   3. FSA Farm Loan Programs
   4. Contract for Deed
   5. Partnerships
   6. Farm Partition
   7. Family Agreements
   8. Buying or Selling an Agriculture Business
      1. Drafting the Legal Description
      2. What to Expect at Auction
      3. Negotiating on Behalf of Your Client
      4. Recording the Deed
      5. Title Search and Curing Defects
      6. Restrictions, Easements or Leases
3. Negotiating and Drafting Farm Land Leases
   11:15 - 12:15, Kaitlin M. Pals
   
   1. Farm Share Agreements
      1. Crop Share
      2. Livestock Share
      3. Labor Share
   2. Hunting Land Leases
   3. Unique Provisions in Farm Land Leases
      1. Land Owner and Farmer Rights
      2. Landlord Liens
      3. Land Use Payment Provision
      4. Level of Control and Possession of Property
      5. Specific Time Period and Steps for Termination
      6. Subleasing Farmland
      7. The Impact of Drought
      8. Right of Re-entry
      9. Binding on Heirs
      10. Liability Issues
      11. Indemnification
4. Negotiating and Drafting Agriculture Contracts
   1:15 - 2:15, Kaitlin M. Pals
   
   1. Production Contracts
      1. Crops
      2. Livestock, Poultry and Swine
   2. Custom Feeding Agreement
   3. Farm Machinery and Equipment
   4. Grain Storage
   5. Manure Application Agreements
5. Tax Planning for Farmers
   2:30 - 3:30, Jeremy Green and Dennis M. Taylor
   
   1. Business Entity Selection - Legal and Tax Considerations
   2. Income Tax Planning
      1. Self-Employment Tax Issues
      2. Reporting Farm Income
      3. Reporting Tax on Installment Payments Received
      4. Taking Advantage of Farm Deductions
   3. Depreciation
      1. Farm Equipment
      2. Depreciating Soil Fertility
      3. Depreciating Fences and Buildings
   4. Agricultural Tax Issues
      1. Farm Share Arrangements
      2. Domestic Production Activities Deduction
      3. Losses From Operating a Farm
6. Ethics
   3:30 - 4:30, Steven E. Ballard
   
   1. Acquiring New Clients
   2. Defining and Communicating the Scope of Representation
   3. Entering into the Attorney-Client Relationship
   4. Avoiding Problems During Client Representation

STEVEN E. BALLARD is a partner in Leff Law Firm, L.L.P., of Iowa City, where he practices in the areas of personal injury, employment law, general litigation, construction law, and municipal law. He was a law clerk for judges of the 5th Judicial District of Iowa. Mr. Ballard is admitted to practice in state and federal courts in Iowa and the U.S. Court of Appeals for the 8th Circuit. He is a member of the Johnson County and American bar associations, the Iowa State Bar Association, the Iowa Trial Lawyers Association, the American Association for Justice, and the Iowa Municipal Attorneys Association. Mr. Ballard earned his B.A. degree from Drake University and his J.D. degree from The University of Iowa College of Law.

JEREMY GREEN is a forensic and valuation services senior associate at TDT CPAs & Advisors, P.C. A licensed CPA in both Illinois and Iowa, Mr. Green offers specialized services in the areas of forensic accounting, economic damage analysis, and business valuation. He has primarily been engaged by attorneys to assist them and their clients with financial and accounting-oriented issues. Mr. Green has experience in performing business appraisals in both cooperative and contentious environments. He has calculated the value of closely held companies in a wide variety of industries for many different purposes, including for divorce settlements, stockholder disputes, gift and estate tax plans, and other business planning and litigation situations. Most all of the forensic engagements Mr. Green has been involved in have a component of investigative accounting. He is accredited in business valuation (ABV) by the American Institute of Certified Public Accountants, a certified fraud examiner (CFE) by the Association of Certified Fraud Examiners and a certified financial crimes investigator (CFCI) by the International Association of Financial Crimes Investigators. Mr. Green earned his B.S. degree in finance from Illinois State University, earned his Master of Business Administration degree from Northern Illinois University and a Masters II degree in international business management from the University of Bordeaux IV in Bordeaux, France.

KAITLIN M. PALS is an attorney with the law firm of Gislason & Hunter LLP, in Mankato, Minnesota. Ms. Pals practices primarily in the areas of estate planning and probate, corporate and business law, banking law, adoption, assisted reproductive technology, and guardianships. She is a regular contributor to Gislason & Hunter LLP's agricultural law newsletter, the banking newsletter, and the family and estate law sections of the firm's law blog. She also frequently presents on estate planning and farm succession issues for both lawyer and non-lawyer audiences. Ms. Pals earned her B.A. degree from the University of Iowa and her J.D. degree from the University of Iowa College of Law. She is a member of the Minnesota State Bar Association, the Iowa State Bar Association and the Minnesota Women Lawyers.

DENNIS M. TAYLOR is the forensic and valuation services director at TDT CPAs & Advisors, P.C. A licensed CPA, Mr. Taylor offers specialized services in the areas of forensic accounting, economic damage analysis, and business valuation. He has primarily been engaged by attorneys to assist them and their clients with financial and accounting-oriented issues, ranging from complex damage analyses to business valuation. Raised on a farm in Iowa, Mr. Taylor has extensive experience in individual and corporate taxation, gift and estate tax planning, performing business appraisals in both cooperative and contentious environments. He has calculated the value of closely held companies in a wide variety of industries for many different purposes, including for buy-sell agreements, ESOP plans, divorce settlements, stockholder disputes, bankruptcy, gift and estate tax plans, and other business planning and litigation situations. Most of the forensic engagements that Mr. Taylor has been involved in have a component of investigative accounting. He holds an MBA degree from the University of Iowa and he is accredited in business valuation (ABV) and certified in financial forensics (CFF) by the American Institute of Certified Public Accountants.