There’s a myth that’s been perpetuated for several years that all our modern day farms are large corporate farms. The truth is that 97% of all farms are family owned and run. Just because they are incorporated does not mean that they are a corporation in the traditional sense of the word. Tyler Jacobs ranches with his family in Montgomery County.
“Corporate farming is an inaccurate term. That is a term that has been loosely applied by uninformed people. My family operates under an LLC which operates under an LLP. We are not even a big operation but we have to do that for tax consequences and we have to do it for liability purposes.”
Jacobs also brokers the sales and purchases of farms and ranches.
“And the bigger the operation and the more generations of the families that are involved the more layers of structure you have to have to make that work and for it to be profitable for everybody involved. My company sells farms and ranches all over the United States. And to my knowledge, we do not have a single corporate customer, the way I would define corporate.”
Jacobs believes that using Ag producers to put a face on agriculture is very beneficial to the industry.
“You know what you find about people in agriculture is, they’re the hardest working most devoted people around. And they get up every day. They work hard. They go to bed tired. They sleep well. And I think that’s what helps with their optimism. I think that they know they’re blessed to do what they do, and they’re willing to ride the ups and downs of agriculture because of it. The fact that they get to work with their son every day or their daughter manages the business side or the wife is the chief marketing officer, it just makes it all that much more special.”