21:15
Feel like I can finally stop holding my breath!! Whew!!!
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LSDefine
Simple English definitions for legal terms
farming operation
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A quick definition of farming operation:
Definition: A farming operation is a type of business that involves growing crops, raising animals like cows or chickens, and producing products like milk or eggs. It is a type of business that is involved in agriculture and is often located in rural areas. Sometimes, farming operations may face financial difficulties and may file for bankruptcy.
A more thorough explanation:
Definition: A farming operation is a type of business that involves activities such as farming, soil cultivation, dairy farming, ranching, raising crops, poultry, or livestock, and producing poultry or livestock products in an unmanufactured state. This type of business is often associated with bankruptcy proceedings.
Examples:
- A family-owned farm that grows and sells organic vegetables and fruits.
- A dairy farm that produces milk and cheese products.
- A ranch that raises cattle for meat production.
- A poultry farm that produces eggs and chicken meat.
These examples illustrate the different types of farming operations that exist. Each business engages in activities related to farming, such as cultivating crops or raising livestock, and produces products that are sold in their unmanufactured state. These businesses are also subject to bankruptcy proceedings, which can occur due to various factors such as market fluctuations, natural disasters, or financial mismanagement.