Crazy, I think the IRS gets into the term 'hobby farm' and define it as a farm designed to lose money, or offset regular income from another source.
Friend (town kid) of mine started that term for me in high school, bugged me for about 5 minutes and then decided to enjoy it and have fun. That has worked well ever since.
I prefer calling myself a simple dirt farmer.
Either I live up to my description and everyone is happy, or I exceed my description and surprise people.... win either way.