Simple English definitions for legal terms
Read a random definition: retained fund
Term: FARMER
Definition: A farmer is someone who works in the business of farming. This means they grow crops or raise animals to sell for food or other products. A family farmer is someone who owns and operates a farm with their family and makes most of their money from it. If a family farmer needs to declare bankruptcy, they can file for Chapter 12 bankruptcy, which is a special type of bankruptcy only available to family farmers.
Definition: A farmer is a person who is involved in the business of farming. This means they work to cultivate crops or raise animals for food or other products.
Example: A family farmer is a person or entity whose income and debts primarily arise from a family-owned and operated farm. This means that they rely on the farm as their main source of income and are responsible for managing the farm's finances and operations. For example, a farmer who grows and sells vegetables at a local farmers' market would be considered a family farmer.
Explanation: The example illustrates the definition of a farmer by showing how a person who cultivates crops for sale can be considered a farmer. It also highlights the importance of the family-owned and operated aspect of the farm, which is a key characteristic of a family farmer. Overall, the definition and example help to clarify what it means to be a farmer and the different types of farmers that exist.