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A farm cannot become a corporation. It can be owned and operated by a corporation.
The family can file (with the secretary of state, or local equivalent) for a new corporation to be formed, then "sell" the farm to the corporation in exchange for "shares" (meaning management control and dividends). Or the family can actually sell the farm to an existing corporation for cash, or for shares of the existing corporation, or for a debt instrument (e.g., a promissory note).
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∙ 16y ago
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Is it better to set up a family farm as a corporation or co-op in the US?
A LLC is better for a small farm with the deductions without the problems of a co-op or a corporation.
What are some reasons why most family farms in the Midwest have been replaced by corporate farms?
If such reasons exist, they are mere misconceptions. Most corporate farms are family farms themselves: it is not possible to replace a family farm with a family farm if it's still going to be a family farm, no matter how large or small it is. The term "corporation" is merely a business label applied to a firm, regardless of what kind of firm or business it is or who it is owned by. A family have just as much right to have their farm labelled as a corporation as any other family owning a non-farming business. To answer the question, many small farms have grown into large farms and have had the corporation label added because of the expressed demand for cheaper and safer food by the consumer. Consumers wield far greater power in the marketplace than the producer could ever dream of having, and as a result the producer is forced to change and adapt to comply with the kind of demands consumers demand.
What word means farm animal or part ownership in a corporation?
what word means farm animals or part ownership in a corporation this question have the some meaning?
Who owns the Stihl corporation?
They are a family owned corporation.
When was Herschend Family Entertainment Corporation created?
Herschend Family Entertainment Corporation was created in 1950.
Is Cianbro Corporation working on a wind farm in W Virginia?
No
Where is the Wisecup Farm Museum Corporation in Missouri Valley Iowa located?
The address of the Wisecup Farm Museum Corporation is: 1772 305Th Street, Missouri Valley, IA 51555-7016
When was Nelson Family Farm created?
Nelson Family Farm was created in 1830.
When was Winemiller Family Farm created?
Winemiller Family Farm was created in 1865.
When was Hagel Family Farm created?
Hagel Family Farm was created in 1855.
When was French Family Farm created?
French Family Farm was created in 1815.
When was Smith Family Farm created?
Smith Family Farm was created in 182#.
