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BK Blog Post
The words “hobby farm” can mean many different things to different people. For a lot of people, it boils down to something more involved than your basic backyard garden, but not something you bank your livelihood on. In other words, it’s about cultivating a lifelong passion, not earning a living wage. When you invest in farm equipment and machinery for sale, therefore, you’re doing it mainly out of love for your hobby.
So is hobby farming something you should consider? Do you crave that sense of accomplishment, and daydream about the farming life? Do you enjoy browsing for farm implements for sale online? If you want to get a little more serious about growing things and perhaps raise some livestock, but don’t want to necessarily turn your whole life upside, farming as a serious hobby may be the right fit. As you start to think about farming for the pure joy of it, here are a few things to consider before jumping in.
Be realistic about what to expect, tax wise. The IRS looks at hobby farms differently from a small-scale farm, so don’t expect the get the same tax breaks when you’re doing this kind of work purely for enjoyment. It’s important, therefore, to have a steady source of income independent from your hobby farm, as the idea in hobby farming is that earning money off your farm is not your reason for maintaining it.
This gives you the luxury of failing – if a crop flops, you may be frustrated, but not financially devastated. As a hobby farmer, you can enjoy a taste of the self-sufficient lifestyle, without the necessity of your farming 100% sustaining you. Whether you shop brick and mortar or you look for farm machinery parts and products online, find a farm equipment supplier that supports your goals as a hobby farmer, with a knowledgeable staff that can help you find the farm equipment parts you need, whether that’s a disc, mower, tiller, or other piece of equipment that may require some thought when choosing what’s right for you.