Basic 8 types of farming based on ownership

Types of farming on the basis of ownership

There are 8 types of farming on the basis of ownership are given below.

1. Family farming
2. Co-operative farming
3. Institutional farming
4. Capitalistic farming
5. State farming
6. Personal farming
7. Collective farming
8. Corporate farming

Family farming

1. All agricultural operations are done by family members.
2. Capital and management are also provided by family members.
3. The income is distributed by the head of the family according to the need of the members.

Co-operative farming

1. All the members have the right of ownership in the business.
2. The members voluntarily pull their resources for running the business.
3. All the members are free and can leave society at any time without losing the ownership right of the land and resources.
4. The income is distributed accord mg to the share of land, labor, and capital of the members.

Institutional farming

1. Generally, the farm is used for conducting an experiment or demonstration by an institute.
2. Farming is not on a commercial scale.
3. The farm is well layout in respect to roads, irrigation channels, drainage, etc.

Capitalistic farming

1. The investment of land and capital is done by big businessman or capitalist.
2. Wages are paid to the laborers employed.
3. Intensive and improved methods of cultivation arc adopted. 

State farming

1. Farming is done by the government.
2. Farm managers are employed for conducting day to day agricultural operations.
3. The farm may be mechanized or non-mechanized depending upon the size of the farm.

Personal farming

1. Farmers have the ownership right on the land and establish farming independently.
2. The right of ownership is heritable and transferable
3. The farmer generally serves as a manager, labor and also an organizer of the farming business, but in need, he may employ extra laborers.

Collective farming

1. It was first started in the Union of Soviet Socialist Republics; the members of collectives surrender their land, livestock and implement it to the society.
2. Other people can also become a member.
3. The members elect a managing committee which is responsible for allocation of work, distribution of income, marketing of the supplied products.

Corporate farming

1. This is just like the capitalist system of farming, but the right of ownership is on the basis of shares taken by the members.
2. The profit is distributed by the members.
3. Intensive and improve methods of cultivation are adopted.