If you are a farmer whose land gets classified in the farmland category, there is a chance of reaping significant tax savings. Have you ever considered consulting a professional before?
Most of us wouldn't know where to start because the tax landscape is very complicated. A financial advisor or expert can help to break everything down and help you get as many tax breaks as possible. By the way, even part-time farmers can still benefit.
When it comes to matters accounting, it is better to consult a professional and let them run with it. In this way, a farmer can get necessary tax breaks and stay updated as well.