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Category: Vendor Fees and Market Finances
When the market management provides proper attention to detail, fair and equitable rules and regulations and is responsive to the farmers and vendors, the consumers and its surrounding community, the chances for success and longevity increase. To help farmers market managers achieve that level of success, the Farmers Market Federation of New York Developed these 10 Principles.
Published by the Northeast Organic Farming Association of Vermont, this is a complete guide to farmers market start-up and maintenance is an essential resource for market managers and organizers, including particular details for agencies and regulations in Vermont.
The second (2012) edition of a manual developed by Washington State University Extension and Washington State Department of Agriculture in 2008 to encourage and assist communities, farmers, and citizen groups to create and successfully operate vibrant community farmers markets.
On October 10th, FMC and Michigan Farmers Market Association held the ‘6050W and Farmers Markets: Electronic Payment Reporting Requirements’ webinar. The webinar explained the background of 6050W, the implication of 6050W on farmers markets, and best practices for scrip recordkeeping. Most, but not all, markets are exempt, and the webinar explains why and how a market can keep proper records to show their exemption. Many of you have requested the recording, and you can find the link below.
Since the webinar, FMC has received a couple inquiries about whether a market is responsible for issuing IRS 1099-misc forms (different from the 1099-k discussed on the webinar) to its vendors to document payment for scrip (eg. tokens). 1099-misc forms are issued to independent contractors who have been paid for services. FMC is not qualified to deliver tax advice, and recommends that market organizations examine IRS guidelines on independent contractors. If unsure about your reporting obligations, please consult with a professional tax advisor. And, as always, please share what you learn on the FMC listserv at FMCemail@example.com