Farm Credit
Jul 20 2016

Of Wolves & Men & Workers Comp

by Caren Cowan, Executive Director,
New Mexico Cattle Grower’s Association
Read this article & more in New Mexico Stockman Magazine

 

Workers Comp

On June 30 the New Mexico Supreme Court ruled that the state’s workers’ compensation exemption for agriculture is unconstitutional. This was not unexpected, but it is certainly a huge blow to the financial well-being and the future of ranch families as well as to the job market in the state.

The short-term advice is to contact your insurance agent immediately to start working on coverage. Unless there is some success in the Court in mid-July, the mandate for insurance will come down as early as July 15. The Workers’ Compensation Administration (WCA) has stated publicly that they will begin enforcement immediately upon receiving the mandate.

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