1. Buying or selling Quota - dairy, hog, chicken,
turkey
2. Acquiring or transferring Water Rights - Irrigation
Districts or Department of Environment
3. Obtaining Easements or Rights of Way - are you
going by a 'gentleman's agreement' for access over
your neighbor's land? This works fine unless your
neighbor sells the property or dies. You should have
legal access agreements registered on Title!
4. Mineral Titles - do you know if the Mineral Lease
you're being offered has fair terms?
5. Development Permits - do you need help to obtain
that Development Permit from the M.D. or County?
6. Farm Leases - do you have a long-term lease? It
should be registered by Caveat on the Title, or you
could lose it.
7. Rights of First Refusal/Options to Purchase -
it's dangerous for you to rely on a verbal deal with
your neighbor - verbal deals re land are not enforceable!
Get it properly drawn up, and it must be registered
on the Title.
8. Tax Planning - only farmers have access to the
'capital gain exemption' and the 'farm rollover'.
These tools allow you to transfer land through the
generations without tax (or with minimal tax). Tax
Planning is easier the earlier you start it!
Don't hesitate to contact us if you have questions
or problems in the farming law area.