Mississippi Farm Package

Category:
State:
Multi-State
Control #:
US-P097-PKG
Format:
Word; 
Rich Text
Instant download

Description

This package is designed to assist a farm owner in operating a farm, in matters such as employment, financial, and leasing transactions. The forms included are essential tools for promoting the farm's operation in a legally protected manner. Purchase this package and save 50% over purchasing the forms separately!



The following forms are included in this package:



Agreement to Manage Farm - This form is an agreement to manage a farm. The manager represents and acknowledges that he is an independent contractor. All persons engaged by manager to perform work pursuant to this agreement will either be independent contractors or employees of manager. This agreement is not one of agency by manager for owner, but one with manager engaged independently in the business of managing properties as an independent contractor.


Farm Hand Services Contract - This is an agreement between a farmer or employer and a farm hand whereby the employer hires the farm hand as an independent contractor to perform various farm related duties as agreed upon in the contract.


Farmer's Tax Guide - This is a free bonus publication providing detailed tax information related to farm operations.


Security Agreement with Farm Products as Collateral - In a security agreement, the debtor grants a "security interest" in the personal property in order to secure payment of the loan. Granting a security interest in personal property is the same thing as granting a lien in personal property. This form is a sample of a security agreement in farm products that may be referred to when preparing such a form for your particular state.


Farm Lease - This form is a lease agreement for farm land. The lessor will pay all ad valorem taxes assessed against the leased property. The lessee shall pay all taxes assessed against all personal property located on the premises and will also pay all privilege, excise and other taxes duly assessed. The lessee will pay the taxes when due so as to prevent the assessment of any late fees or penalties.


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FAQ

Ranches, institutional farms, experimental and research farms, and Indian Reservations are included as farms. Places with the entire acreage enrolled in the Conservation Reserve Program (CRP), Wetlands Reserve Program (WRP), and other government conservation programs are counted as farms.

Agriculture is Mississippi's number one industry, employing approximately 17.4% of the state's workforce either directly or indirectly. Agriculture in Mississippi is a 9.72 billion-dollar industry.

Bring along proof of control of the land, which can be a deed, a lease or rental agreement, or other land tenure documents. The FSA staff will locate your farm parcel through the county GIS system, check to see if it already has a number, and if not ? issue you a number. Farm numbers are issued for free.

Although agriculture played a central role in Mississippi's economy in the past, manufacturing is now the leading contributor in the state's gross domestic product (GDP).

Cotton is the state's most valuable crop, and Mississippi typically ranks as one of the top cotton-producing states. The second most valuable crop is soybeans. Other major crops include rice, hay, wheat, corn, sweet potatoes, and pecans.

Mississippi uses all major state and local taxes. After federal transfers, Mississippi's largest sources of per capita revenue were charges ($2,119), such as state university tuition and highway tolls, and general sales taxes ($1,430).

Manufacturing and services?primarily government (federal, state, and local), retail and wholesale trade, real estate, and health and social services?are the largest sectors of the state's economy. The services sector has expanded particularly rapidly since the late 20th century.

Businesses in Mississippi employed a total of 1,178,859 people in 2023, with average annual employment growth over the past five years of 0.5%. The top three sectors by total employment are Manufacturing, Real Estate and Rental and Leasing, Retail Trade, while the unemployment rate across the state in 2023 was 3.3%.

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Mississippi Farm Package