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As the end of the financial year approaches, it's a great time for small farmer operators to review potential tax benefits and deductions. One common question we hear at Tractor Tools Direct is: Should I apply for a farm tax ID? If you haven’t yet structured your farm as a business, obtaining a farm tax ID could offer significant advantages—ranging from tax exemptions on equipment to access to USDA programs. Let’s explore what a farm tax ID is, who’s eligible, and how …

As the end of the financial year approaches, it is helpful to learn about tax implications for small farms. Here at Tractor Tools Direct, we field many questions about small-farm sales tax exemptions and other tax deductions. If you haven’t already, it may make sense to set up your small farm as a business. Read further to learn more about the process to determine if applying for a farm tax ID would be beneficial to your operation. What is a farm tax ID number? A farm tax ID number …