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Note: This website is intended to provide general information about legal issues, crop insurance, farm policy, and other risk management issues and should not be construed as providing legal advice. It should not be cited or relied upon as legal authority. For advice about how the issues discussed here might apply to your individual situation, you should consult an attorney.
Welcome to the Maryland Risk Management Education Blog, provided by the University of Maryland Department of Agricultural and Resource Economics. This blog provides readers with information on risk management issues important to Maryland agriculture, upcoming events, and new materials that may interest readers.
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UME Hosts Free Farm Succession & Estate Planning Workshops for Landowners in January and February 2026
Last will and testament image by Fabio Balbi See this link here for the site’s reposting policy. The Department of Agricultural and Resource Economics (AREC), University of Maryland Extension, and the Ag Law Education Initiative will host three one-day workshops on Jan. 13th in Mountain Lake Park, Jan. 27th at the Central MD Research and Education Center, and Feb. 11 at the Eastern Shore Hospital Center, in the English Room. The Farm Succession and Estate Planning workshops w
Paul Goeringer
Dec 9, 20252 min read
Landowner Oriented Agricultural Law Workshop To Be Held
Poultry barns and a small farm are surrounded by forested land in Wicomico County, Md., on June 18, 2010. (Photo by Matt Rath_Chesapeake Bay Program) This is not a substitute for legal advice. See here for the site’s reposting policy. The Department of Agricultural and Resource Economics (AREC) and the Ag Law Education Initiative will host another one-day workshop on Feb. 26th at Chesapeake College. The So You Want to Own Farmland in Maryland workshop will be from 9:30 am to
Paul Goeringer
Jan 28, 20252 min read
Federal Estate Tax and Gift Tax Limits Announced For 2025
Image of combine dumping soybeans into grain cart pulled by tractor at sunset Image is by Steven Baird This is not a substitute for legal advice. See here for the site’s reposting policy. On November 2024, the IRS announced the revised federal estate tax and gift tax limits for 2025. The federal estate tax limit will rise from $13.61 million in 2024 to $13.99 million in 2025. The federal gift tax limit will jump from $18,000 in 2024 to $19,000 in 2025. Maryland, s
Paul Goeringer
Dec 10, 20243 min read
Peer-powered learning on land use, estate planning, & navigating solar options.
Image of piggy bank with solar panels in background by Sergei Domashenko See here for the site’s reposting policy. College Park, MD – The Department of Agricultural and Resource Economics (AREC) will host two one-day, in-person workshops on Feb 26th at Chesapeake College and March 12th in Boonsboro. The Cultivating Knowledge Together: Maryland’s Peer-Powered Land Use workshops will run from 9:30 am to 3:30 pm. Registration is required to attend. This program is complimentary
Press Release
Feb 6, 20242 min read
Federal Estate Tax and Gift Tax Limits Announced For 2024
This is not a substitute for legal advice. See here for the site’s reposting policy. In November 2023, the IRS announced the revised federal estate tax and gift tax limits for 2024. The federal estate tax limit will rise from $12.92 million in 2023 to $13.61 million in 2024. The federal gift tax limit will jump from $17,000 in 2023 to $18,000 in 2024. In Maryland, state estate tax limits will stay at $5 million. Federal Estate Taxes For 2024, the federal
Paul Goeringer
Jan 30, 20243 min read
Estate and Succession Planning Survey is Now Available For Maryland Agricultural Operators.
Two people talking at a table. Image by Edwin Remsberg See here for the site’s reposting policy. The University of Maryland Extension receives requests for educational resources related to estate and succession planning, but often when those resources are made available, few agricultural operations take advantage of the resources. Researchers from the University of Maryland are surveying to determine the estate and succession planning needs of Maryland agricultural operatio
Paul Goeringer
Feb 27, 20232 min read
Federal Estate Tax and Gift Tax Limits Announced For 2023
Cover crop planting on the Eastern Shore by Edwin Remsberg The article is not a substitute for legal advice. See here for the site’s reposting policy. In October 2022, the IRS announced the revised federal estate tax and gift tax limits for 2023. The federal estate tax limit will rise from $12.06 million in 2022 to $12.92 million in 2023. The federal gift tax limit will jump from $16,000 in 2022, to $17,000 in 2023. In Maryland, state estate tax limits will stay
Paul Goeringer
Nov 29, 20223 min read
Landowner Oriented Agricultural Law Workshops Will Be Held Across Maryland
Image highlighting workshop dates and topics covered including image of farm by Edwin Remsberg. Image developed by Meghana Kotraiah See here for the site’s reposting policy. The Department of Agricultural and Resource Economics (AREC) will host two one-day workshops on Jan. 26th in Boonesboro and Jan. 31st at Chesapeake College. The So You Want to Own Farmland in Maryland workshops will be from 9:30 am to 3:30 pm. The free program will cover those legal issues that Maryland
Paul Goeringer
Nov 15, 20222 min read
ALEI Business Structures Webinar Series Continues Thru August
Have you had a chance to tune in for the ALEI 2022 August webinar series?
Megan Todd
Aug 16, 20222 min read
What is Ancillary Probate?
Harvesting soybeans on Maryland's Eastern Shore by the Chesapeake Bay Program The article is not a substitute for legal advice. See here for the site’s reposting policy. I often spend time explaining the succession and estate planning processes to the agricultural community and the importance of developing tools that work for their situations. One situation when tools are needed is when the individual resides in one state but owns property in another state. For
Paul Goeringer
Jul 12, 20222 min read
ALEI August Webinar Series - Legal Considerations for Choosing Your Farm Business Structure
Sign up now! ALEI August webinar series - Legal Considerations for Choosing Your Farm Business Structure
Megan Todd
Jul 6, 20223 min read
UME Family Communications and Estate Planning Webinar To Be Held Mar. 17
Two people talking at a table. Image by Edwin Remsberg See here for the site’s reposting policy. College Park, Md. -- Estate planning for farms is a difficult subject to navigate -- families must create a plan of succession for the business, understand the legalities of property inheritance, all while dealing with the emotional toll of having difficult conversations with their loved ones. University of Maryland Extension specialists have joined forces to create a workshop th
Paul Goeringer
Mar 8, 20222 min read
When Estate Planning Goes Wrong: Why Might a Receivership Be Required?
Combine Harvesting in Nebraska by Tim Vrtiska The article is not a substitute for legal advice. See here for the site’s reposting policy. Today I want to highlight what can go wrong when an estate plan is not adequately developed. Unfortunately, the process of developing an estate plan that works for the family often requires that family members communicate freely on goals and other sensitive topics. At times disputes might arise, especially when we see property
Paul Goeringer
Feb 15, 20223 min read
UME Family Communications and Estate Planning Workshops Planned for the Winter
Image of past UME workshop by Edwin Remsberg See here for the site’s reposting policy. The story was written by Laura Wormuth Wye Mills, Md. -- Estate planning for farms is a difficult subject to navigate -- families must create a plan of succession for the business, understand the legalities of property inheritance, all while dealing with the emotional toll of having difficult conversations with their loved ones. University of Maryland Extension specialists have joined forc
Paul Goeringer
Nov 17, 20212 min read
Federal Estate Tax and Gift Tax Limits Announced For 2021
This is not a substitute for legal advice. See here for the site’s reposting policy. Image of equipment in field. Image by Edwin Remsberg In October 2020, the IRS announced the revised federal estate tax and gift tax limits for 2021. The federal estate tax limit will rise from $11.58 million in 2020 to $11.7 million in 2021. The federal gift tax limit will remain at $15,000 in 2021. In Maryland, state estate tax limits will stay at $5 million. Federal Estate Taxes For 2021,
Paul Goeringer
Dec 9, 20203 min read
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