Index

Adirondack Farmers’ Market Cooperative, 23 Agency law, 29 Agricultural Fair Practices Act, 42 Agway, Inc. v. Brooks, 26 Arkansas Farmers’ Market Association, 45 Articles of incorporation, 30 Board of directors, 27 Business fundamentals, 5 Business plan, 7 Bylaws, 31 Capper-Volsted Act, 42 Collective bargaining associations, 18 Community supported agriculture, 20 Comprehensive farm liability policy, 71 Contract law elements of a contract, 86 rules, 87 Cooperatives equity capital from members, 57 investor friendly cooperatives, 45 principles, 40 traditional cooperatives, 39 value added cooperatives, 43 Corporations, 38 Crop insurance, 75 CROPP Cooperative, 43 Debt financing definition, 48 guaranty, 53 sources, 54 Equity financing definition, 48 sources, 57 Fair trade coffee, 12 Farm Credit System, 56

Farmers’ markets, 23 Feasibility study, 6 Financing cooperatives, 41 corporation, 38 general partnership, 33 limited liability company, 37 limited liability partnership, 36 limited partnership, 35 sole proprietorship, 32 Five C’s of credit, 51 Fraud in obtaining loan, 53 General partnerships, 33 Grants, 50 Graves v. Serbin Farms, 30 Growers’ networks, 18 Identity preservation, 13 Insurance comprehensive farm liability policy, 71 directors’ and officers’, 73 Jackson v. Swift Eckrich, 96 Kaycee Land and Livestock v. Flahive, 27 Liability cooperative, 41 corporation, 38 general partnership, 33 limited liability company, 37 limited liability partnership, 36 limited partnership, 34 sole proprietorship, 32 Lacina, Tom, 14 Leasing, 64

D R A K E U N I V E R S I T Y A G R I C U LT U R A L L AW C E N T E R

Limited liability companies introduction to, 36 operating agreement, 31 value added enterprises, 29 Limited liability partnership, 35 Limited partnership, 34 Long John Silver’s, 102 Marketing, 9 Marketing organization, 22 National Farmers’ Organization, 18 National Farmers Union, 23 Naturally Iowa, LLC, 37 Negligence, 73 Niman Ranch Pork Company, LLC, 19 Nonprofit corporation insurance, 72 trade associations, 45 Organic Valley, 43 Operating agreements, 31 Ownership and control cooperative, 41 corporation, 38 general partnership, 33 limited liability company, 36 limited liability partnership, 35 limited partnership, 34 sole proprietorship, 32 Packers and Stockyards Act, 95 Perishable Agricultural Commodities Act, 101 Piercing corporate veil, 26 PMO Wildwood, 14 Products liability, 73 Red Tomato, 22 Risk management strategies, 70 Rolling Prairies Farmers’ Alliance, 20 Royalty financing, 57 Securities Law cooperative, 41 corporation, 39 general partnership, 33 introduction to, 28 limited liability company, 37 limited liability partnership, 36 limited partnership, 35 sole proprietorship, 32

Sole proprietorship, 32 Southwest Georgia Escapes, 19 Sustainable agriculture, 13 Tallgrass Prairie Coop, 8 Taxes cooperative, 41 corporation, 39 general partnership, 33 limited liability company, 37 limited liability partnership, 36 limited partnership, 35 sole proprietorship, 32 Uniform Commercial Code introduction to, 89 merchant, definition of, 90 risk of loss in absence of breach, 69 warranties, 90 United States v. Mallett, 53 United States v. Taliaferro, 54 U.S. Small Business Administration, 62 USDA Rural Development, 60 Value added cooperatives, 43 Venture capital, 58 Vertical coordination, 21 Vertical integration, 22 West Liberty Foods, 21

P R O D U C E R M A R K E T I N G A S S O C I AT I O N S

Notes

D R A K E U N I V E R S I T Y A G R I C U LT U R A L L AW C E N T E R