Limited Liability Companies (LLC) are a creature of statute, recognized in each jurisdiction only by virtue of a legislative enactment in each state. There are three aspects of the LLC that are enticing for new businesses: (1) it can be taxed as a partnership, as a corporation (if such an election is granted by the I.R.S.), or as a disregarded entity if there is only a single member; (2) it is an extremely flexible form of business both in terms of options when creating the business and options about how it is to operate; and (3) it offers all members limited liability.

Learn more via the recently completed 4-page, 4-color RISK CONCEPTS series, covering seven common forms of business ownership, including Limited Liability Companies.

Several RISK CONCEPTS bulletins covering alternative forms of business structure were recently posted and are available for download at: RightRisk.org/riskconcepts.

 
Enterprise Risk Analysis is an internet-based course including: 1) Self-study materials covering- What is an Enterprise, What is Risk, What is Risk Management, How is Risk Managed, Risk Management Process, Establishing Context, Enterprise Assessment, Risk Analysis, Risk Evaluation, Treatment Implementation, Case Study: Everett Ball Ranch, Case Study: Wilson Ranch, Resource links for further research. 2) Recorded webinar; 3) eBook document for further study; and many other features.

The Enterprise Risk Analysis course is available free of charge at RightRisk.org > Courses.

 
The Sole Proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. A sole proprietorship can operate under the name of its owner or it can do business under a fictitious name.

Learn more via the recently completed 4-page, 4-color RISK CONCEPTS series, covering seven common forms of business ownership, including the Sole Proprietorship.

Several RISK CONCEPTS bulletins covering alternative forms of business structure were recently posted and are available for download at: RightRisk.org/riskconcepts.

 
Risk Scenario Planning: Evaluating Risk and Risk Management Strategies is a two-hour, internet-based course with topics covering: An Introduction to Risk, Risk Strategies, Case Study: Gates Creek Land & Livestock, Case Study: Big Country Farms, Case Study: Bell Livestock, Case Study: Z-F Ranch, Risk Scenario Planning Tool Overview, Expectations About the Future, Risk Management Framework, resource links for further research, and many other features.

The Risk Scenario Planning course is available free of charge at RightRisk.org > Courses.

 
MANY farmers, ranchers, and other agricultural producers often hire youth to perform labor or services in return for wages or other remuneration. The federal child labor provisions, authorized by the Fair Labor Standards Act (FLSA) of 1938, also known as the child labor laws, were enacted to ensure that when young people work, the work is safe and does not jeopardize their health, well-being, nor educational opportunities. The FLSA establishes minimum ages for covered employment in agriculture, unless a specific exemption applies.

Learn more via the recently completed 4-page, 4-color Ag Help Wanted UPDATE: What are the U.S. Regulations for Child Labor in Agriculture?

Several Ag Help Wanted updates were recently posted to the website companion for Ag Help Wanted: Guidelines for Managing Agricultural Labor and are available for download at: AgHelpWanted.org/updates.

 
Understanding Risk in Agriculture is an internet-based module including: 1) Self-study materials covering- What is risk, Does Risk Matter, Can Risk be Managed, What Are Challenges to Managing Risk, When is Risk Analysis Justified, How are Risky Choices Evaluated, How is Risk Included When Making a Decision, and Conclusion. 2) Recorded webinar- Posted presentation slides, Posted Introduction, Posted URIA – the first four segments, Posted URIA – the last three segments, Posted Q&A session; all in video and audio-only formats; 3) eBook document for further study; and many other features.

The Understanding Risk In Agriculture module is available free of charge at RightRisk.org > Courses.

 
THE Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector and in federal, state, and local governments. The Wage and Hour Division (WHD) of the U.S. Department of Labor (DOL) administers and enforces the FLSA with respect to private employment, state and local government employment, and federal employees.

Learn more via the recently completed 4-page, 4-color Ag Help Wanted UPDATE: What are U.S. VISA Requirements for Agricultural Workers?

Several Ag Help Wanted updates were recently posted to the website companion for Ag Help Wanted: Guidelines for Managing Agricultural Labor and are available for download at: AgHelpWanted.org/updates.

 
MOST of today’s farms and ranches involve more than one enterprise. Production risk spread over several enterprises often contributes to their financial successes. Enterprise risk analysis – estimating net returns for an enterprise and the variability in those returns (risk) – is an often-neglected, but necessary part of developing an overall risk management strategy.

The Enterprise Risk Analyzer tool was developed to help the livestock owner and the land owner understand all the contributions each of them have made to their livestock grazing lease arrangement. It can be used to help design a fair and equitable lease between two parties. It can also be used by a single party to better understand the full set of components that contribute value to their forage resource.

The Enterprise Risk Analyzer via RightRisk Analytics tool is one of over 30 individual risk analysis tools developed by RightRisk and available free of charge at:RightRisk.org\analytics.

 
U.S. Secretary of Agriculture Sonny Perdue today announced details of the Coronavirus Food Assistance Program (CFAP), which will provide up to $16 billion in direct payments to deliver relief to America’s farmers and ranchers impacted by the coronavirus pandemic. Commodities covered include: Non-Specialty Crops and Wool; Livestock, Dairy; and Specialty Crops.
     Payments are limited to $250,000 per person or entity for all commodities combined. Producers will also have to certify they meet the Adjusted Gross Income limitation of $900,000 unless at least 75 percent or more of their income is derived from farming, ranching or forestry-related activities.

Click here to learn more..

 
THE Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector and in federal, state, and local governments. The Wage and Hour Division (WHD) of the U.S. Department of Labor (DOL) administers and enforces the FLSA with respect to private employment, state and local government employment, and federal employees.

Learn more via the recently completed 4-page, 4-color Ag Help Wanted UPDATE: What is the Fair Labor Standards Act in Agriculture and How Does it Apply to Me?

Several Ag Help Wanted updates were recently posted to the website companion for Ag Help Wanted: Guidelines for Managing Agricultural Labor and are available for download at: AgHelpWanted.org/updates.