PapaPerk
Veteran Member
- Joined
- Jun 12, 2004
- Messages
- 2,404
- Location
- USA
- Tractor
- Kubota L3830, Ford Golden Jubilee, 1939 Sears Economy, Polaris Ranger 400, Honda Foreman 450 ES, 2004 Dodge Diesel 3500
Hello,
So I own around 6 acres. And have access to 15 more. I'm very intrested in starting a hobby farm (truck farm). Here's some questions I have and thought other may have some good answers.
1. What is the min acres required to have "farm status"?
2. If I start a farm can I get tax credit etc? When if ever do I need to show a profit?
3. What cash crops, services, etc would be good to sell? I'm not intrested in livestock.
4. Can I deperciate equipment I already own?
These are just a few of my questions. Maybe someone knows of a good website that discusses this. I look around some but didn't find much. Thank you for the help! )
So I own around 6 acres. And have access to 15 more. I'm very intrested in starting a hobby farm (truck farm). Here's some questions I have and thought other may have some good answers.
1. What is the min acres required to have "farm status"?
2. If I start a farm can I get tax credit etc? When if ever do I need to show a profit?
3. What cash crops, services, etc would be good to sell? I'm not intrested in livestock.
4. Can I deperciate equipment I already own?
These are just a few of my questions. Maybe someone knows of a good website that discusses this. I look around some but didn't find much. Thank you for the help! )