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Generally speaking, there is no minimum acreage for farm tax exemption. There may, however, be specific acreage minimums required to be considered for certain land classifications such as a greenbelt property.
Agriculture is a business and those who grow our food are its leaders.
A farmer is an individual who is engaged in farming per the definition found above (IRS Publication 225, page 1, You are in the business of farming if you cultivate, operate, or manage a farm for profit, either as an owner or tenant). Generally, the farmer has a profit motive when operating a farming business.
There are several ways you can choose to structure the ownership of your farm operation, ranging from a sole-proprietorship, general partnership, or corporation. More and more farms are now using a limited liability company (LLC) as a business entity which has become popular in the industry for several reasons.
Types of farm Account I) Sales Account : shows all farm produce sold in the farm at a given price and date. II) Purchase Account : Shows all items or inputs purchased for use within the farm at a particular period of time.

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If the taxpayer relies on farming as their primary income, it is more likely to be seen as a business.

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