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Corporate Farming: Importance, Incentives, and State Restrictions

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  • Krause, Kenneth R.

Abstract

The number of incorporated farms in the United States rose by 140 percent from 1969-78. Tax advantages provided the chief impetus for farmers to incorporate: corporate tax rates declined in the seventies, while individual tax rates rose, mainly because of inflation. Despite the increase in farm corporations, most farms remain sole proprietorships and most incorporated farms are family farms. Nonfamily farms accounted for only 7 percent of farm sales in 1978. Eleven States had enacted legislation as of 1981 to restrict corporate farm activities (farm operations, vertical integration, and ownership of farmland).

Suggested Citation

  • Krause, Kenneth R., 1983. "Corporate Farming: Importance, Incentives, and State Restrictions," Agricultural Economic Reports 307953, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerser:307953
    DOI: 10.22004/ag.econ.307953
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    References listed on IDEAS

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    Cited by:

    1. Wachenheim, Cheryl J. & Saxowsky, David, 2003. "Profits and Risk: Fitting an Old Framework to a New Agriculture," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2003, pages 1-10.
    2. Matthey, Holger & Royer, Jeffrey S., 1999. "Testing The Impact Of Corporate Farming Laws On Hog Industry Growth: A Partial Adjustment Approach," 1999 Annual meeting, August 8-11, Nashville, TN 21697, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Adhikari, Bishwa B. & Harsh, Stephen B. & Cheney, Laura Martin, 2003. "Factors Affecting Regional Shifts Of U.S Pork Production," 2003 Annual meeting, July 27-30, Montreal, Canada 22200, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Park, Dooho & Seidl, Andrew & Davies, Stephen, 2002. "Environmental Policy and Industry Location: The Case of the U.S. Livestock Industry," The Review of Regional Studies, Southern Regional Science Association, vol. 32(2), pages 293-307, Summer/Fa.

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