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CAN A BEGINNING FARMER HAVE LAND OWNERSHIP IN A TRUST AND QUALIFY FOR THE BFLP?

April 26, 2017beginning bflp Farmer land ownership qualify Trust

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CAN A BEGINNING FARMER HAVE LAND OWNERSHIP IN A TRUST AND QUALIFY FOR THE BFLP?

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Top A. If a Beginning Farmer has land ownership in a trust or some other form, the total amount of land ownership would reflect what the Beginning Farmer owns, (e.g.: if Beginning Farmer owns 1/3 of 120 acres, his land ownership is reflected as 120 acres, not 40). Passive ownership does not count as real estate owned.