2006 Master Conservationist Presentations

Kirk and William Laux (locks) of Bridgeport in the Panhandle will receive the first Master Conservationist recognition in Production Agriculture. Will Kirk and William please come forward? This family limited partnership includes 5,000 acres of rangeland, 160 acres of dryland, 1200 acres of irrigated land, a cow-calf operation, and a feedlot. They began farming in the 1960s and later purchased several "tired" eroded units. These units were improved by “applying" erosion control practices including seeding, cross-fencing, and improved watering.

RP96-11 The Farm Corporation: What It Is, How It Works, How It Is Taxed

A corporation is an artificial person that is created and operated according to state corporation statutes. It is a separate taxpayer subject to specific and detailed federal, state, and local tax laws. The advice and service of your lawyer are indispensable in organizing and operating a farm corporation. There are three basic forms of farm business organization, the sole proprietorship, the partnership, and the corporation. Variations of these forms have resulted in the limited partnership and the "tax option" corporation. These three basic forms are discussed in this research publication.