Date of Award
Master of Science (MS)
Economics, Finance, & Accounting
The introduction to this paper relates the history of technological change in the agricultural sector of the economy and defines terminology necessary to place the various farm ownership methods in proper perspective. The significance and the steps to be followed in evaluating the Kansas family corporate farm are then outlined. Initially, a comparison of the three usual business ownership forms and their relation to farm enterprises is provided. This is followed by a discussion of the corporate structure and its possible application as a solution to the problems of capital acquisition and ownership transfer on the family farm. Desirable and undesirable features of the family farm corporation are analyzed, and its adaptation to family farm ownership is discussed. It was found that under certain conditions the corporate family farm can do much to alleviate difficulties in capital acquisition and ownership transfer. Chapter III considers the historical development of the legal existence of the Kansas corporate farm. This topic required much researching of the Kansas Statutes Annotated and various law journal s, plus extensive research into farm journals, newspaper articles and other sources of information. Chapter IV is an interpretation of the Kansas family farm corporation as it currently exists. The final chapter is a condensation of the steps followed in the study in arriving at a valid conclusion. The family farm corporation was found to be of significant value, but it was concluded that the Kansas Legislature must initiate studies periodically to insure that the corporate farm always remains feasible and efficient.
Copyright 1969 Steven A. Lunt
Lunt, Steven A., "An Analysis of the Economic Structure of the Family Farm Corporation in Kansas" (1969). Master's Theses. 1219.