Carbon Sequestration for the Farmer and Landowner Presented by: Ohio State University Extension Energy Outreach Program, October 29, 8am

The overall goal of carbon sequestration is to reduce the amount of CO₂ and reduce the effects of climate change by mitigating the greenhouse effect.  Many large corporations and industries will pay landowners and farmers to implement practices that capture CO₂.  Such practices include, planting trees, no till farming, cover crop usage, and other agricultural practices that will move carbon from the air to the ground.

Come listen to our panel of experts discuss how carbon sequestration can impact the farmer and landowner on October 29, 2024, in a virtual webinar at 8 a.m.  Download a Program Flyer

Panelists include:

  • Peggy Hall: Attorney & Director, Agricultural & Resource Law Program
  • Michael Estadt: Assistant Professor & Extension Educator, Pickaway County
  • John Porter: Outreach & Partnership Liaison | Truterra, LLC

Join us on Tuesday, October 29, 2024, at 8 a.m. using the link:  go.osu.edu/carbon2024

Registration is not required.

Contact Dan Lima at lima.19@osu.edu or call the OSU Extension office in Belmont Co. (740) 695-1455 for more information. 

Corporate Transparency Act reporting deadline remains January 1, 2025: This applies to many farming entities

Recent legislation may apply to your farm business entity.  Review the OSU Farm Office blog post: Corporate Transparency Act reporting deadline remains January 1, 2025 | Farm Office with information about the Corporate Transparency Act that applies to “any domestic or foreign corporation, limited liability company, or any other entity that is formed or registered to do business in a U.S. state.”  A few key highlights of this article:

  • The Corporate Transparency Act (“CTA”), enacted in 2021, requires “reporting companies” to file documents with the federal government indicating beneficial ownership information (BOI) for the business.
  • Despite the ongoing litigation, however, the initial filing deadline of January 1, 2025 remains in effect for businesses subject to the CTA.
  • “Reporting companies” subject to the CTA includes any domestic or foreign corporation, limited liability company, or any other entity that is formed or registered to do business in a U.S. state by filing a document with the secretary of state or other similar office.
  • Many farming entities should be uniquely aware of the new BOI reporting obligations of the CTA. The CTA does not have specific industry exemptions for agriculture but takes a broad sweep at any entity that may be formed as a shell company. However, notable exceptions to the mandates of the CTA that affect farming entities include sole proprietorships and general partnerships, which are exempt from CTA because they are not required to register with Ohio’s Secretary of State.

Review the entire article at: Corporate Transparency Act reporting deadline remains January 1, 2025 | Farm Office

Carbon Capture and Storage: Coming Soon to Ohio?

Among the many headlines discussing carbon, Carbon Capture and Storage is a potential future market in Ohio.  The OSU Agricultural and Resource Law program is beginning a series of posts to explain the background and interest for our region. See the entire first blog post here: Carbon Capture and Storage: Coming Soon to Ohio? | Farm Office.

Key points to know:

  • CCS technology captures CO2 from airborne emissions and injects it into geologic formations beneath the land surface.
  • Though some are hearing of CCS for the first time, CCS technology has existed for decades, as have many studies on its safety, sustainability, and the amount of carbon that can be stored in different formations and regions.
  • CO2 injection wells are regulated under the federal Safe Drinking Water Act by the EPA through the Underground Injection Control (UIC) Program. The category of wells relevant to CO2 for geological storage is “Class VI” wells.
  • A more recent (and arguably more prominent) factor driving CCS is the current federal tax incentive. The 2022 Inflation Reduction Act (IRA) expanded the tax credit known as “Section 45Q,” first enacted in 2008 and extended in 2018.
  • Can we do CCS in Ohio? No, not without legislation. Two legal changes are necessary to enable CCS technology in Ohio. (1) Ohio law must define and clarify property rights to the pore space in geological formations beneath land surfaces, and (2) the state must allow the establishment of CCS injection wells in Ohio. Clarification on these two requirements will come in future OSU Farm Office Blog posts.

Ohio State University to Provide Resolution Services for Ohio Farms

Ohio has over 76,000 farms and 13 million acres of farmland.  In such a large and diverse industry, conflicts commonly arise that can lead to disputes, litigation, and appeals.  Ultimately, these conflicts can cause harmful effects that threaten the viability of Ohio agriculture.  To address these issues, a new program has been developed – Ohio Farm Resolution Services at The Ohio State University (OFRS).  The goal of OFRS is to cultivate solutions to the conflicts that impact Ohio’s farms and farm families.

OFRS will provide a three-pronged approach to assist farms and farm families in resolving problems and conflicts:

  1. Education resources.  The first approach will be to provide educational resources that may lead to a resolution.  Educational resources may be in the form of bulletins, publications, articles or individual discussions.  For example, OFRS may provide a law bulletin on farm leasing to a tenant and landowner involved in a lease dispute.  Some disputes can be resolved through education alone.
  2. Consultation and informal resolution services.  OSU Extension attorneys and farm management specialists will be available to meet with parties to assist with resolving their issues.  These services will be more informal and may include sitting at the kitchen table with a family struggling with transition planning or perhaps meeting in a pasture to discuss shared fence line concerns between neighboring farmers.
  3. Formal mediation.  Sometimes conflicts escalate to hard feelings and entrenched positions.  When this happens, formal mediation may be appropriate.  This process will involve the intervention of a trained mediator to assist the parties in negotiating jointly acceptable resolution of issues in conflict. The mediator meets with the parties at a neutral location, often shuttling between separate rooms, where the parties can discuss the dispute and explore a variety of solutions.  Formal mediation is often the last step before litigation.

Most consultation and mediation services will be conducted by OFRS’ primary consultants/mediators: Peggy Hall, David Marrison, Jeff Lewis and Robert Moore.  OFRS will also develop a pool of outside mediators who can assist with matters that require special or unique technical knowledge.  OFRS is committed to providing individuals who have both the knowledge and skill to help understand and resolve issues.

OFRS will be able to assist on a wide variety of matters.  The following are issues for which OFRS can provide assistance:

  • Family communication
  • Farm transition planning
  • Business entities
  • Business practices
  • Land use
  • Property issues/neighbor issues
  • Zoning
  • Farm leases
  • Energy leases
  • Farm labor issues
  • Farmland drainage
  • Crops/agronomy/soils disputes
  • USDA administrative appeals
  • ODA administrative appeals
  • Farm lender/creditor negotiations

OFRS is available to provide educational and consultation services now.  Mediation services will be available beginning in January 2024.  For more information or to refer someone to OFRS, contact Robert Moore at moore.301@osu.edu or 614-247-8260.  Information is also available at farmoffice.osu.edu/ofrs.

 

This article originally appeared at farmoffice.osu.edu on October 13, 2023: Ohio State University to Provide Resolution Services for Ohio Farms | Farm Office (osu.edu)

2022 Farmer and Farmland Owner Income Tax Webinar

Are you a farmer or farmland owner wanting to learn more about the recent income tax law changes and proposals? If so, join us for this webinar on Thursday, November 17th, 2022, from 6:30 – 8:30 p.m.

Register for just $40. If you can’t attend, you will be sent a link to view the recorded webinar later at your convenience. You have unlimited views of the replay, and it will be available throughout the 2022 tax filing season. Details and registration link can be found at: https://farmoffice.osu.edu/tax/farmer-and-farmland-owner-income-tax-webinar

More details at: 2022 Farmer and Farmland Owner Income Tax Webinar | Farm Office (osu.edu)

Grain Marketing Featured in Regional Agriculture Outlook Meeting in Zanesville on Feb 14

Join OSU Extension in Muskingum County for the 2022 regional Agricultural Policy and Outlook Meeting. This school will focus on topics of farm inputs, rent, real estate, agricultural law, grain marketing, and 2023 Farm Bill.  Featured speakers include Barry Ward, Peggy Hall, Matt Roberts and Carl Zulauf.  This program is made possible with support from the Ohio Corn and Wheat Growers Association. Growers and producers from around the region are encouraged to attend.

Date and time: Monday, February 14, 2020, 9:00 AM to 12:30 PM

Location: Muskingum County Conference and Welcome Center, 205 N. 5th St, Zanesville, OH

PRE-Registration is required, and the fee is $20 per person. The registration deadline is Wednesday, February 9, 2022. Online registration is available at go.osu.edu/muskingumoutlook.  Contact the Muskingum County Extension office at 740-454-0144 or martin.2422@osu.edu with questions.

Regional Agricultural Policy and Outlook Meeting to be held in Zanesville on Feb 14

Join OSU Extension in Muskingum County for the 2022 regional Agricultural Policy and Outlook Meeting. This school will focus on topics of farm inputs, rent, real estate, agricultural law, grain marketing, and 2023 Farm Bill.  Featured speakers include Barry Ward, Peggy Hall, Matt Roberts and Carl Zulauf.  This program is made possible with support from the Ohio Corn and Wheat Growers Association. Growers and producers from around the region are encouraged to attend.

Date and time: Monday, February 14, 2020, 9:00 AM to 12:30 PM

Location: Muskingum County Conference and Welcome Center, 205 N. 5th St, Zanesville, OH

PRE-Registration is required, and the fee is $20 per person. The registration deadline is Wednesday, February 9, 2022. Online registration is available at go.osu.edu/muskingumoutlook.  Contact the Muskingum County Extension office at 740-454-0144 or martin.2422@osu.edu with questions.

Muskingum Ag Network Breakfast, Tuesday, September 7

The Muskingum Ag Network Breakfast will be Tuesday, September 7, 8:00 AM, Friendly Hills Grange, 5880 Friendly Hills Road, Zanesville, OH.

Gwynn Stewart and Christine Gelley, OSU Extension Noble County, will provide an Eastern Ohio Energy Update.

Please refer to the Zanesville-Muskingum County Health Department Covid-19 Dashboard for current public health guidance in your choice to participate.

Future speakers

Oct 5: White Oak Initiative, Jim Stafford

Nov 2: Beef Industry Update, Garth Ruff, OSU Extension

Dec 7: Gary King, Avondale Youth Center