Moving Farm Ownership

The Farm is in Two Parts.
One part of the farm is the business of the farm, its markets, its reputation, its buildings and equipment. The other part is the land itself. On more than one occasion we have seen farmers build a farm with a recognized name at one location and then move to another location taking their farm name with them to their new location. This is common practice for the farmers in the Journeyperson program at the MOFGA fairgrounds.

The legal ownership of these two parts becomes the core of the issue of moving farm ownership from the original farmers to the new group of farmers. At the same time it seems prudent to put the ownership of both aspects of the farm into the hands of an entity that transcends the individuals involved, partly for liability reasons, and partly to avoid having to invent yet another process to deal with further expansion or transition of the farm in future.

At present (Spring 2008) we are considering forming an LLC, whose members will be the farm partners. Additionally we are looking into opening bank account for the farm separate from any of our invividual accounts. (Currently the farm is operated out of Lois's and Tom's personal checkbooks.)







[ to be continued . . .]

Version: 6-Apr-08