If you’re interested in rural living, you may have considered buying a hobby farm. But what, exactly, is a hobby farm? A hobby farm is a smallholding that is typically used for agricultural or recreational purposes. It is smaller than a...
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What Is A Hobby Farm Endorsement
A hobby farm endorsement is an insurance policy that provides coverage for a small farm. A hobby farm is typically a farm that is operated as a hobby, rather than a business. Hobby farms are often small, and may only produce...
Continue reading...Hobby Farmers Who Don’t Do The Work
There are a lot of people who are hobby farmers. They don’t really do the work, but they enjoy having the land and the animals. They may have a small garden, or they may have a few chickens, but they really...
Continue reading...When Does The Irs Consider Farming A Hobby
The Internal Revenue Service (IRS) considers farming to be a business when it is done with the intention of making a profit. However, there are some cases in which the IRS may consider farming to be a hobby, even if there...
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