One other thing is to consider: The threshold between spending time and money on cattle, feed, upkeep, etc & just paying the danged taxes and do whatever you want with the property..
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What is considered Livestock to qualify Ag Exempt?
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My buddy has an exemption because he has a slight grade on his property . Part of some kind of errosion plan. There is a ton of things as metioned. My brother in law has a bunch of goats and some donkeys. the donkeys do pretty good keeping coyotes away. The donkeys are easy they eat anything and mind their on busy. Goats do seem like quite a bit of upkeep.
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Originally posted by game stalker View PostPlant your food plots in something you can make hay with and forget cows and goats
We do ag exemption without having livestock all the time (the horses don't count and we have a steer now but don't always have one)
We planted a coastal field, an olive grove, grapes, an orchard, etc. and didn't have a problem getting it approved.
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Originally posted by cosmiccowboy View PostThis
We do ag exemption without having livestock all the time (the horses don't count and we have a steer now but don't always have one)
We planted a coastal field, an olive grove, grapes, an orchard, etc. and didn't have a problem getting it approved.
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Originally Posted by game stalker<br />
Plant your food plots in something you can make hay with and forget cows and goats
<br />
This<br />
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We do ag exemption without having livestock all the time (the horses don't count and we have a steer now but don't always have one)<br />
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We planted a coastal field, an olive grove, grapes, an orchard, etc. and didn't have a problem getting it approved.
Id rather go w this route!
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*Disclosure* consult with your real accountant for real tax advice......
Ag or wildlife exemption is for county tax, NOT federal. You can have it in wildlife, and have cattle, grow crops, grow trees. The crop, equipment, or livestock is for federal deductions. Equipment, which is my largest deduction by far, can be used for either. I would suggest timber, if you don't want to mess with livestock, but will need deductions for equipment. You might also look into CRP, but doubt you could get that samll an area in.
Most counties consider 10-15 head of cattle required to keep ag. It would be tough to keep that many head on property that size.Last edited by BrianL; 04-19-2012, 01:40 PM.
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Originally posted by Silent Assassin View PostReally!? I plan do these any way so...but you have to sell em to someone? Or for personal consumption?
Id rather go w this route!
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Originally posted by BrianL View Post*Disclosure* consult with your real accountant for real tax advice......
Ag or wildlife exemption is for county tax, NOT federal. You can have it in wildlife, and have cattle, grow crops, grow trees. The crop, equipment, or livestock is for federal deductions. Equipment, which is my largest deduction by far, can be used for either. I would suggest timber, if you don't want to mess with livestock, but will need deductions for equipment. You might also look into CRP, but doubt you could get that samll an area in.
Most counties consider 10-15 head of cattle required to keep ag. It would be tough to keep that many head on property that size.
Yes, lookin for Federal tax deduction.
Timber? I think too small?
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