Injustice anywhere is a threat to justice everywhere.

✨ Enjoy an ad-free experience with LSD+

Legal Definitions - family farmer

LSDefine

The law is reason, free from passion.

✨ Enjoy an ad-free experience with LSD+

Definition of family farmer

A family farmer is a person who is engaged in the business of farming and whose income and debts primarily arise from a family-owned and operated farm. This means that the majority of their income comes from the farm they own and operate with their family.

For example, if a person owns a farm and makes most of their income from selling crops or livestock, they would be considered a family farmer. Another example would be a family who owns a dairy farm and sells milk and cheese as their primary source of income.

It's important to note that only a family farmer can file for Chapter 12 bankruptcy. This type of bankruptcy is specifically designed for family farmers who need to restructure their debts and continue operating their farm.

The young man knows the rules, but the old man knows the exceptions.

✨ Enjoy an ad-free experience with LSD+

Simple Definition

A family farmer is someone who makes a living by farming. They may own and operate a farm with their family. If more than 80% of their income comes from the farm, they can file for a special type of bankruptcy called Chapter 12. Only family farmers can file for Chapter 12 bankruptcy.

Injustice anywhere is a threat to justice everywhere.

✨ Enjoy an ad-free experience with LSD+

A good lawyer knows the law; a great lawyer knows the judge.

✨ Enjoy an ad-free experience with LSD+