Friday, July 26, 2013
95% of Michigan's farms are single family operated and/or family partnerships. Of the few farms structured as corporations, 99% of those are family-owned and involve multiple generations and family members.
For instance, our farm is structured as a corporation. We do this because it's the best idea for our situation, tax-wise. Our farm has one paid employee, and several unpaid volunteers.
So, while there is a lot of talk about "corporate" farms, be sure you understand that corporate doesn't necessarily equal huge and faceless.
Labels: Ag P.R.