Diversifying your farm operation can be a great move for farm profitability. However, as soon as you invite folks onto the farm for Harvest Day or sell jars of your homegrown pickles, things can also get a little complicated. One of these complications is taxes. Nobody likes taxes, and this isn’t meant to stress you out. We have a couple resources to make taxes for your diversified operation less painful. Check out our free resource, Diversification and Taxes Basics, for basic information. For more information, you can also check out pages 23-25 for tax information in Farmers’ Legal Guide to Value-Added Products.
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