Please join the National Young Farmers Coalition and the Democracy at Work Institute for a webinar on how cooperative businesses are helping to build local food economies and support young farmers in creating new markets, reaching new customers and building
LLCs are easy to form and very flexible. Because of this, writing an operating agreement can help a farmer think through all the details of how to address investments, profits, and losses. Good bookkeeping is also important to optimize a
The recent Midwest Organic and Sustainable Education Service (MOSES) conference featured a host of workshops, including some specifically intended for young farmers. The Young Organic Stewards program, for example, included presentations on topics ranging from marketing and business to the
Farmers have the option to form their business as a limited liability company, an entity that offers liability protection to the farmer’s personal assets. Filing is fairly easy after you learn a few key words in the Articles of Organization.
Farming is a business and a way of life. But, if a farmer is expecting liability protection for her personal assets, she might want to keep the distinction between personal and business matters clear, at least when it comes to
Farmers who want to work together to make a profit might risk their personal assets if they form a general partnership. General partners are jointly and severally liable for the business debt. The problem is that a group of farmers
The profitability of organic farms in Minnesota improved in 2010 after a tough year in 2009, according to a new report by the Minnesota Department of Agriculture (MDA). The median organic farmer received an income of $62,463 in 2010, which