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East Texas ag requirements for grazing
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<blockquote data-quote="greybeard" data-source="post: 1637430" data-attributes="member: 18945"><p>Depends. From everything I've read, 'technically according to the State Comptroller' you would have to go thru the 5 year qualifying period again if you were out of ag for more than one year, but talking to different CAD people, I was told many of them will work with the farmer. (If drought (or other natural disaster is declared, that 1yr layoff can be extended.) </p><p></p><p>I believe the regs say the land must be in production for '5 of the last 7 years', but the big thing is rollback taxes. If you lose your exemption, you can be assessed the difference between what the normal market value would have been and what you paid under ag exemption for the previous 5 years, and, penalties begin accruing almost immediately. Levy of a lien against your land also begins almost immediately after receiving the notice too.</p><p>But IF, even tho you may not still have the exemption, and you continue farming the land to the degree of intensity the county prescribes for everyone, you don't have to pay rollback. </p><p></p><p>The time test and exceptions can be found on Pg 10:</p><p>http://www.jcad.org/data/_uploaded/pdf/CurrentNews/Ag%20Manual%20PTAD.pdf</p><p></p><p>Rollback is explained beginning on pg29.</p><p></p><p>(many people erroneously believe that under Texas 1d1 ag exemption, that you have to make a profit. You do not. You do tho, have to generate 'income' for the landowner. Income and profit are not always the same.</p><p>Hobby farmers tho, that never generate any product for sale do not (and should not) qualify.)</p></blockquote><p></p>
[QUOTE="greybeard, post: 1637430, member: 18945"] Depends. From everything I've read, 'technically according to the State Comptroller' you would have to go thru the 5 year qualifying period again if you were out of ag for more than one year, but talking to different CAD people, I was told many of them will work with the farmer. (If drought (or other natural disaster is declared, that 1yr layoff can be extended.) I believe the regs say the land must be in production for '5 of the last 7 years', but the big thing is rollback taxes. If you lose your exemption, you can be assessed the difference between what the normal market value would have been and what you paid under ag exemption for the previous 5 years, and, penalties begin accruing almost immediately. Levy of a lien against your land also begins almost immediately after receiving the notice too. But IF, even tho you may not still have the exemption, and you continue farming the land to the degree of intensity the county prescribes for everyone, you don't have to pay rollback. The time test and exceptions can be found on Pg 10: http://www.jcad.org/data/_uploaded/pdf/CurrentNews/Ag%20Manual%20PTAD.pdf Rollback is explained beginning on pg29. (many people erroneously believe that under Texas 1d1 ag exemption, that you have to make a profit. You do not. You do tho, have to generate 'income' for the landowner. Income and profit are not always the same. Hobby farmers tho, that never generate any product for sale do not (and should not) qualify.) [/QUOTE]
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