Mecklenburg North Carolina Farm Package

Category:
State:
Multi-State
County:
Mecklenburg
Control #:
US-P097-PKG
Format:
Word; 
Rich Text
Instant download

Description

This package is designed to assist a farm owner in operating a farm, in matters such as employment, financial, and leasing transactions. The forms included are essential tools for promoting the farm's operation in a legally protected manner. Purchase this package and save 50% over purchasing the forms separately!



The following forms are included in this package:



Agreement to Manage Farm - This form is an agreement to manage a farm. The manager represents and acknowledges that he is an independent contractor. All persons engaged by manager to perform work pursuant to this agreement will either be independent contractors or employees of manager. This agreement is not one of agency by manager for owner, but one with manager engaged independently in the business of managing properties as an independent contractor.


Farm Hand Services Contract - This is an agreement between a farmer or employer and a farm hand whereby the employer hires the farm hand as an independent contractor to perform various farm related duties as agreed upon in the contract.


Farmer's Tax Guide - This is a free bonus publication providing detailed tax information related to farm operations.


Security Agreement with Farm Products as Collateral - In a security agreement, the debtor grants a "security interest" in the personal property in order to secure payment of the loan. Granting a security interest in personal property is the same thing as granting a lien in personal property. This form is a sample of a security agreement in farm products that may be referred to when preparing such a form for your particular state.


Farm Lease - This form is a lease agreement for farm land. The lessor will pay all ad valorem taxes assessed against the leased property. The lessee shall pay all taxes assessed against all personal property located on the premises and will also pay all privilege, excise and other taxes duly assessed. The lessee will pay the taxes when due so as to prevent the assessment of any late fees or penalties.


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FAQ

To qualify, parcels must be at least a certain number of acres (5 acres if used for horticulture, 10 acres if used for crops or livestock, 20 acres if used for forestry). There is also an annual income requirement of $1,000 (waived for forestland).

A farm is a tract of land cultivated for the purpose of agricultural production. A farm is classified of having $1,000 or more of agricultural products being produced or sold.

Farmers in North Carolina, like everyone else, pay many different types of taxes. In some cases, farmers can benefit from laws that allow them to reduce certain taxes.

The present use value program still requires there be at least 10 acres and the farming activity that generates income has to have been done for at least three years in order to qualify. Berg said the 10 acres of property is still a requirement but it does not have to be contiguous land.

There are four possible ways to qualify as a bona-fide farm: Sales tax exemption number from NC Department of Revenue. Schedule F from federal income tax return. Enrollment in Present Use Program for property taxes. A forest management plan.

For all other agricultural land, the tract must meet the income requirement for agricultural land and must consist of at least 10 acres that are in actual production. Land in actual production includes land under improvements used in the commercial production or growing of crops, plants, or animals.

To get a Farm Tax ID number in North Carolina, you have to apply to the Internal Revenue Service for a Federal Tax Identification Number, also known as an Employer Identification Number (EIN).

North Carolina law allows farmers who gross over $10,000 in a given year, or who have average gross income of $10,000/year over three years to purchase certain items they need for their farm operations without paying sales tax.

Grant Program Overview NC AgVentures provides grants to North Carolina family farms, and community organizations such farmer associations and farm co-ops to develop new and innovative agricultural projects which will increase farm profits.

North Carolina law allows farmers who gross over $10,000 in a given year, or who have average gross income of $10,000/year over three years to purchase certain items they need for their farm operations without paying sales tax.

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Mecklenburg North Carolina Farm Package