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Northeast Beginning Farmers Project Winter Course: Taking Care of Business – Understanding the Business, Tax, and Regulatory Implications of Your Farm
January 7, 2016 @ 7:00 pm - 8:30 pm
This course is designed to help aspiring or beginning farmers better assess and manage a variety of risks that farmers face in operating their farms. Throughout the six week period, topics essential for operating a farm business will be discussed. Participants will learn about insurance coverages, types of business structures and tax information.
At the completion of this course, you will know how to:
- Describe the five risks that farmers need to regularly address
- Comprehend the legal liabilities of operating a farm or selling agricultural products
- Find the resources necessary to better understand income and sales tax regulations for operating a farm.
- Evaluate various forms of business ownership and determine which will be best for you at this time
- Identify rules and regulations (for marketing, food safety, facilities, etc) that are pertinent to the type of agricultural enterprise you plan to operate
- Use insurance as a risk management tool