Posted by Dave H (MI) on February 09, 2018 at 11:39:19 from (50.108.101.201):
In Reply to: Hobby Farmers posted by Morgan in ar on February 09, 2018 at 10:38:45:
I think you are worrying too much about labels. What is labeled a hobby for taxes, is not a real life label any more than taxable profit is equal to real profit. I think a farm is a farm if it produces a farm product and you sell it for money and it is done on a reasonable scale sufficient to provide a portion of your income. Mine has always fit that definition, even though it provides only a small part of my income. No one would ever come to my place and call it anything other than a farm. A farm is also a farm, even if it is no longer used by the owner for that purpose but remains essentially unchanged. A retired engineer could buy a farm and it would still be a farm even if he never broke ground with a plow. The whole "hobby" farm thing applies more to people who keep animals for personal pleasure or grow large gardens. Around here that generally can be found on up to 10 acres and usually includes small buildings. But it is all just words.
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