Definition of Person

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TeachMeFinance.com - explain Person



Person

The term 'Person ' as it applies to the area of agriculture can be defined as ' An entity defined by USDA as being eligible to receive federal farm program benefits, subject to annual payment limitation constraints. A 'person' may be an individual farmer, an individual member of a joint operation, a corporation, a joint stock company, an association, a limited partnership, a trust, an estate, or a charitable organization. A husband and wife are considered one person for payment limitation purposes. A joint operation is not a person; neither is a cooperative association of producers that markets commodities for producers'.

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About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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