Originally Posted by scambo1

The schedule f (farm) is powerful. It gets you depreciation, section 179, related fuel, oil, tools etc.

It takes about a year to be recognized by your state as a farm once you get the ball rolling. There is a minimum acreage size and a minimum acreage for the farmed product.

Front page write downs on the 1040 is how you limit your tax liability.

The acreage could be swampland at $500/acre, but gives you the same tax benefit as a vineyard in Napa.