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A comment on Neofetch developer archives all his repositories: "Have taken up farming". Parent comment

Re:Neofetch developer archives all his repositories: "Have t... by newzisforsukas on Wednesday June 19, 2024 @10:09AM (#40728464)
> 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?

[ Parent | on HN ]
Re:Neofetch developer archives all his repositories: "Have t... by debacle on Wednesday June 19, 2024 @10:16AM (#40728542)
Because there's huge benefits to having a Schedule F on your federal tax return.
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Re:Neofetch developer archives all his repositories: "Have t... by cryptonector on Wednesday June 19, 2024 @10:37AM (#40728722)
You 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
[ Parent | on HN ]