State Regulation of Corporate Farming

Thomas D. Edmondson and Kenneth R. Krause

No 307696, Agricultural Economic Reports from United States Department of Agriculture, Economic Research Service

Abstract: As of December 1977, 10 States had enacted legislation restricting corporate farming (farm operations, vertical integration, and ownership of farmland). The statutes’ main intent was to protect the family farmer from competition by large agribusiness firms. Those statutes are described and their effectiveness analyzed. The available data on corporate farming operations, from the census of agriculture and the Internal Revenue Service, suggest that the State statutes may be premature; corporate farms with more than 10 shareholders account for only 5 percent of total U.S. agricultural sales. Thus, some States concerned with the encroachment of corporate farming are considering enactment of reporting laws to collect more specific information.

Keywords: Agricultural and Food Policy; Farm Management (search for similar items in EconPapers)
Pages: 49
Date: 1978-12
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerser:307696

DOI: 10.22004/ag.econ.307696

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