Common Questions About Agriculture – Answered!
America’s farms are still family farms. Family farms do incorporate for the same reasons that other businesses incorporate — taxes, structure, family home protection, etc. And yes, some family farms are becoming larger to take advantage of efficiencies of scale and to spread out their overhead costs. However, they are still considered family farms. Today, about 98% of U.S. farms are operated by families — whether individuals, family corporations or family partnerships.
America’s farms are still family farms. Family farms do incorporate for the same reasons that other businesses incorporate — taxes, structure, family home protection, etc. And yes, some family farms are becoming larger to take advantage of efficiencies of scale and to spread out their overhead costs. However, they are still considered family farms. Today, about 98% of U.S. farms are operated by families — whether individuals, family corporations or family partnerships.