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TeachMeFinance.com - explain Person Person The term 'Person ' as it applies to the area of agriculture can be defined as ' An entity defined by USDA as being eligible to receive federal farm program benefits, subject to annual payment limitation constraints. A 'person' may be an individual farmer, an individual member of a joint operation, a corporation, a joint stock company, an association, a limited partnership, a trust, an estate, or a charitable organization. A husband and wife are considered one person for payment limitation purposes. A joint operation is not a person; neither is a cooperative association of producers that markets commodities for producers'. About the author
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