4 ms·
I read someone who retires and "takes up farming" as retiring to a house in a rural location and maintaining a garden and maybe some small quantities of livesto
by stetrain 2y ago
I read someone who retires and "takes up farming" as retiring to a house in a rural location and maintaining a garden and maybe some small quantities of livestock.
IE someone who is not depending on the "farm" to be a commercially successful operation or is even attempting to run it as a profitable business.
https://en.wikipedia.org/wiki/Hobby_farm https://en.wikipedia.org/wiki/Hobby_farm
- vbezhenar 2y ago30 years ago this garden was the only thing that helped my family and millions other people survive when USSR crashed. 600 square meters planted mostly with potatoes provide enough food for family to survive winter and next summer and even sell something. And it's not that hard work, because people usually had their main work for some tiny money and maintained garden before and after work. I think that everyone should own some land to feed himself in the event of economy fallout.
- silisili 2y agoThat's how I read it. Farming doesn't have to mean planting thousands of acres of soybeans and corn and hundreds of head of cattle. A large garden, some chickens, and perhaps a few goats are more than enough to keep a hobbyist tinkering all day, and is still what I'd call 'farming', though YMMV.
- lm28469 2y agoYep, it's insanely easy and cheap to sustain a family if you have land, a bit of time and two brain cells, but it's insanely hard and expensive to run a successful modern large scale farm
- newzisforsukas 2y ago> In the U.S., a high proportion of farms might be classed as hobby farms. In 2007, over 40% of farms reported less than $2500 in income and over 10% of farms had less than 10 acres (4.0 hectares) of land Hmm, why?
- debacle 2y agoBecause there's huge benefits to having a Schedule F on your federal tax return.
- cryptonector 2y agoYou also can get exemptions on your property taxes in many states for the land under agriculture. You could end up: - living off the land - paying low taxes on your homestead (house + 1 acre) - paying almost no taxes on your ag land (all but 1 acre) - stretching your savings for many more years than you'd have any right to otherwise
- ethbr1 2y agoAka what vets call "Noah's Ark farms" Because they have two of every animal, but an uneconomically small herd.