AGEC 2550 Agribusiness Transfer & Law
Course Information
| Course Number | AGEC 2550 |
|---|---|
| Course Title | Agribusiness Transfer & Law |
| Description | This course covers farm estate planning and law topics with direct application to production agriculture. Topics include federal and state estate tax laws and their impact on the transfer of agriculture property. Estate planning options such as wills, life insurance and trusts will be explored. Other topics include farm partnerships and corporations, agricultural legal case studies, basic contracts, legal land descriptions, fence regulations, animal legalities, water rights, bankruptcy, gifting, and liability issues. (Prerequisites: None) |
| Total Credits | 3 |
| Total Hours | 48 |
| Instruction Type | Credits and Hours |
|---|---|
| Lecture | 3 Credits, 48 Hours |
Pre/Corequisites
Pre/Corequisite: None.
Institutional Core Competencies
- Communication - Students will be able to demonstrate appropriate and effective interactions with others to achieve their personal, academic, and professional objectives.
- Civic Engagement and Social Responsibility - Students will be able to demonstrate the ability to engage in the social responsibilities expected of a community member.
Course Competencies
- Determine appropriate agricultural transfer estate planning principles to utilize on your farm.
- Justify the benefits of having a will.
- Recommend estate plan gifting and trust strategies based on current state and federal tax policies.
- Compare life, multi-peril, liability, and other agricultural insurance policies.
- Determine the options for farms in financial peril.
- Interpret the property rights of agricultural land owners.
- Analyze liability and negligence issues in agriculture.
- Differentiate personal and real property; and resulting legal matters for leasing or owning property.
- Explain legal matters regarding contracts in agriculture.
- Explain relevance of other legal matters important to agriculture.
SCC Accessibility Statement
South Central College strives to make all learning experiences as accessible as possible. If you have a disability and need accommodations for access to this class, contact the Academic Support Center to request and discuss accommodations.
North Mankato: Room B-132, (507) 389-7222; Faribault: Room A-116, (507) 332-7222.
Additional information and forms can be found at: southcentral.edu/disability
This material can be made available in alternative formats by contacting the Academic Support Center at 507-389-7222.