Lease it, ours has been leased for years. Best decision we ever made, we get a check on the first of the year for the pasture, and another when the crops are sold from the cultivated land. You have to work with the operator, so you don't have livestock during hunting times, but unless it was like the drought, that was never a problem.
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What is considered Livestock to qualify Ag Exempt?
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Originally posted by dogcatcher View PostLease it, ours has been leased for years. Best decision we ever made, we get a check on the first of the year for the pasture, and another when the crops are sold from the cultivated land. You have to work with the operator, so you don't have livestock during hunting times, but unless it was like the drought, that was never a problem.
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Previous Ag?
In other words, the land must have been qualified and appraised as agricultural land during the year before the year the owner changes to the wildlife management use. For example, an owner who wishes to qualify for wildlife management use in 2002 must be able to show the land was qualified for and appraised as agricultural land in 2001.
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Originally posted by donpablo View PostI read this from the state site. Does this mean our land is not elligible since it does not already ag exempt?
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Originally posted by Silent Assassin View PostGot confirmation from County Appraisal District this evening. Our property has been reverted back to Ag from Wildlife Exempt.
Will need to talk to CPA about what can and can not be written off.
Thanks for.yall's input!
For agriculture exempt it has to be your primary business. The land AND the owner has to be qualified.
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Originally posted by cosmiccowboy View PostUmmmm...you probably aren't ag exempt. You are probably open space exempt.
For agriculture exempt it has to be your primary business. The land AND the owner has to be qualified.Last edited by Silent Assassin; 04-25-2012, 05:14 PM.
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