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1. The quickest way to do this would simply be to apply for a name change. If you are concerned that there is a different risk / return level associated with the agricultural line, then you may want to open that one under a different S corp altogether. For example, if the bio-diesel fuel company is really lucrative and built up cash reserves that you do not want to be at risk if something goes south with the new line, then open a different S corp for the new line.
2. LLC's are not really needed unless you are going to expand with some partners down the road; but you can do that just as well by issuing stock with from you S corp so long as you are issuing stock to less than 100 shareholders and to non-forerign owners.