Will We Receive More Than One Payment Limit for Our LLC
Guidance is needed from FSA regarding LLC or S-Corporations and the payment limits for the 2025 crop
Many larger farm operations operate as a general partnership in order to retain their payment limits for Farm Service Agency purposes. As an example, if you have four siblings that farm together, under the old rules the only way to maintain four payment limits was to operate as a general partnership (or a joint venture).
If the partners elected to operate as a limited liability company (LLC), then the payment limit would be limited to one payment even with multiple owners.
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