a b c d e f g h i j k l m n o p q r s t u v w y z search |
TeachMeFinance.com - explain Family farm Family farm The term 'Family farm ' as it applies to the area of agriculture can be defined as ' As defined by USDA regulations, a farm that (1) produces agricultural commodities for sale in such quantities so as to be recognized in the community as a farm and not a rural residence; (2) produces enough income (including off-farm employment) to pay family and farm operating expenses, pay debts, and maintain the property; (3) is managed by the operator; (4) has a substantial amount of labor provided by the operator and the operator’s family; and (5) may use seasonal labor during peak periods and a reasonable amount of full-time hired labor'.
About the author
Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details. |