Hobby Farms Magazine Login

Listing Results Hobby Farms Magazine Login

Frequently Asked Questions

• What does it mean to start a hobby farm?

  A hobby farm is typically a smaller scale farm that you start purely for the enjoyment of doing it, hence the word “hobby.” While in some cases you may sell some of your produce, financial profit is not your intention. Rather, it’s an exciting new activity where you get to create something with your own hands.

• Can a hobby farm and a homestead be the same?

  A hobby farm and homestead can be one and the same. It is all about your purpose behind your farming efforts. Then a farm and a homestead could also be one and the same because if you farm for a full-time living, then you are no longer doing it just as a hobby or for supplemental income.

• How big is the hobby farm in Arkansas?

  This 41 acre hobby farm is located off Hwy 14 near the renowned Buffalo Point access to the Buffalo National River. There are approximately 12 +/- acres of pasture land with fencing and the remainder is wooded land.

• Are there any tax benefits for a hobby farm?

  Section 183 of the U.S. tax code explains the details of tax allowances for hobby farms. 2  Small farms that are in business should be prepared to prove their business operations and income so as not to miss out on being designated as a hobby farm and therefore missing out on tax benefits. “ Publication 225 (2020), Farmer's Tax Guide .”