Common Questions About Agriculture – Answered!
Just because a farm is large in number of acres, does not mean it is a corporate farm. Individuals, family partnerships or family corporations own 98% of all U.S. farms and ranches. Non-family corporations own just 2% of America’s farms and ranches. In recent years, some of these family farms have chosen to incorporate to take advantages of taxes, business structure, family home protection, etc.
Just because a farm is large in number of acres, does not mean it is a corporate farm. Individuals, family partnerships or family corporations own 98% of all U.S. farms and ranches. Non-family corporations own just 2% of America’s farms and ranches. In recent years, some of these family farms have chosen to incorporate to take advantages of taxes, business structure, family home protection, etc.