Free Webinar Next Week: An Introduction to Worker Cooperatives for Farmers and Start-Ups
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 and Operating Agreements: Should a farmer go to the trouble?
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
MOSES' focus on Young Organic Stewards
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
LL-See how easy it is?
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.
The legal line between farm business and farmer
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
A Partnership: Farmers might not choose one, but they could have one anyways.
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
Organic farming profits improve in Minnesota in 2010
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