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Commercial Farm Definition |
A farm is a commercial farm if it meets the following conditions:
The farm is no less than 5 acres,
The farm produces agricultural or horticultural products worth $2,500 or more annually, and
The farm receives Farmland Assessment or satisfies the eligibility criteria for Farmland Assessment.
OR
The farm is less than 5 acres,
The farm produces agricultural or horticultural products worth $50,000 or more annually, and
Although the farm is not eligible to receive Farmland Assessment because it does not meet the size requirement, the farm satisfies all other eligibility criteria for Farmland Assessment.