Section 350.010 - DefinitionsFor the purposes of this section, the terms defined in this section have the meanings here given them:
(1)"Agricultural land" means land used for farming.(2)"Authorized farm corporation" means a corporation meeting the following standards:(a) All of its shareholders, other than any estate, or revocable and irrevocable trusts, are natural persons;(b) It must receive two-thirds or more of its total net income from farming as defined in this section;(3)"Corporation" means a corporation or a cooperative.(4)"Family farm" means an unincorporated farming unit owned or leased by one or more persons residing on the farm or actively engaging in farming.(5)"Family farm corporation" means a corporation incorporated for the purpose of farming and the ownership of agricultural land in which at least one-half of the voting stock is held by and at least one-half of the stockholders are members of a family related to each other within the third degree of consanguinity or affinity including the spouses, sons-in-law and daughters-in-law of any such family member according to the rules of the common law, and at least one of whose stockholders is a person residing on or actively operating the farm, and none of whose stockholders are a corporation prohibited by section 350.015 from entering into farming, or any corporation which is subject to the controlled expansion provisions of section 350.015; provided that a family farm corporation shall not cease to qualify as such hereunder by reason of any gift, devise or bequest of shares of voting stock. A person actively operating a farm shall include, but not be limited to, a person who has an ownership interest in the family farm corporation and exercises some management control or direction.(6)"Farming" means using or cultivating land for the production of (a) agricultural crops; (b) livestock or livestock products; (c) poultry or poultry products; (d) milk or dairy products; or (e) fruit or other horticultural products, provided; however, "farming" shall not include a processor of farm products or a distributor of farming supplies contracting to provide spraying, harvesting or other farming services.