Combine 2 leases to meet 10 acre requirement?
In Orange County North Carolina it is my understanding that you cannot be deemed a farm unless you have 10 acres or more. Can I combine 2 properties I lease to meet the 10 acre requirement. 1 property is 2.8 acres and the other is 250 acres. The 2.8 I am buying, but renting the big property.
Orange County North Carolina
For tax questions, call the Tax office 919 245 2100. Farm Service Agency has farm loan and some cost share programs. As long as you have documentation for the lease, you will qualify. FSA 919732 4301