#Hobby farm tips code
The Code of Virginia, for example, provides specific protections to entities engaged in equine, bovine and agritourism activities, provided the businesses are themselves abiding by the terms of the statutes meant to protect them.Ĭonsider establishing the business as a separate entity, distinct from the owner. Some states have enacted laws to protect agribusinesses from liability. They can range from a trip and fall with minor injury to harm caused by animals or by a car accident during the course of business operations.
These threats are as varied as the imagination. Several methods are available to shield an entrepreneur’s personal fortune from real and imagined threat of liability for personal injury. These protections, as well as compliance with law and regulation, are all costs of doing business.
#Hobby farm tips how to
Alone or with trusted friends and professionals, consider first what could possibly go wrong, and second, how to set up shields to lawsuits. Then, take time to look with an unbiased eye at proposed or current operations. Start by writing out a business plan, even if your business is already in operation. Consult lawyers, accountants and other professionals as necessary, and consider taking business management and law courses that come available. You’ll need to take responsibility for you own operation and work within your state’s legal framework. The advice you’ll find below isn’t targeted toward a specific type of operation.
Each type of farmer needs a steady grasp of business planning to succeed. Other farmers have been in business a long time, but want to make improvements to an existing venture. Many farm entrepreneurs-perhaps even you-have eschewed the busy lifestyle of the city live closer to nature while earning a living. The terms “agribusiness” and “ agritourism” have entered the American vocabulary rather recently to describe new ways of branding this version of the American dream to a new generation of consumers who value “buying local,” organic foods, fresh air and small businesses that are tied to the families that run them. Wed this American dream with an equally deep American love of land, rivers and the seashore, and a farm business is born. The national story is that-to use an aquaculture metaphor-the world is your oyster: If an American has a good idea and the determination to overcome obstacles, he or she can carve out a little economic kingdom and live happily ever after.
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