163.295 - Continuation of farming operation. - Nevada Statutes

163.295  Continuation of farming operation.  A fiduciary may continue any farming operation received by the fiduciary pursuant to the will, trust or other instrument and do any and all things deemed advisable by the fiduciary in the management and maintenance of such farm and the production and marketing of crops and dairy, poultry, livestock, orchard and the forest products, including, but not limited to, the following powers:

      1.  To operate the farm with hired labor, tenants or sharecroppers;

      2.  To lease or rent the farm for cash or for a share of the crops;

      3.  To purchase or otherwise acquire farm machinery and equipment and livestock;

      4.  To construct, repair and improve farm buildings of all kinds needed, in the fiduciary’s judgment, for the operation of the farm;

      5.  To make or obtain loans or advances at the prevailing rate or rates of interest for farm purposes such as for production, harvesting or marketing, or for the construction, repair or improvement of farm buildings, or for the purchase of farm machinery, equipment or livestock;

      6.  To employ approved soil conservation practices in order to conserve, improve and maintain the fertility and productivity of the soil;

      7.  To protect, manage and improve the timber and forest on the farm and sell the timber and forest products when it is to the best interest of the estate;

      8.  To ditch, dam and drain damp or wet fields and areas of the farm when and where needed;

      9.  To engage in the production of livestock, poultry or dairy products, and to construct such fences and buildings and plant such pastures and crops as may be necessary to carry on such operations;

      10.  To market the products of the farm; and

      11.  In general, to employ good husbandry in the farming operation.

      (Added to NRS by 1969, 450; A 1999, 2372)