What is a personal subsidiary farm
A personal subsidiary farm (PSF) is, in simple terms, work on a plot of land for your own pleasure, and not for profit. A PSF is not entrepreneurship!
A person who runs a personal subsidiary farm finland business email list is not a farmer, he does not need to register in any way, create an individual entrepreneur or become a legal entity. A person is simply engaged in agricultural work and consumes his own products. He can sell the surplus, if he wants. Or give it away, for example, to friends or relatives.
All issues related to this activity are regulated by a specialized federal law, its 2nd article contains the definition of a PSF.
Grigory is a former office clerk. Tired of the routine, he filed a letter of resignation and at the same time an application to the administration of the rural settlement for the lease of a plot of land for a personal subsidiary farm.
The young man received 50 acres of land in on it, as well as organize his own honey production. To do this, he installed twenty hives on the plot.
Grigory will be able to sell the collected honey without registering his small business as an individual entrepreneur or a legal entity.
The law assumes that the main way for the owner of a private household to earn his daily bread will be to work for himself.
In essence, we are talking about a subsistence economy - a person grows agricultural products primarily for his own consumption. This means that, as hundreds of years ago, the key factor in the production of a private household is land.
What are production factors
