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Hi, my name is Mark. I will be happy to help you with your questions.
A LLC would offer liability protection. Would you be the only owner of the LLC.
Sorry the computer was a little slow.
I want to make sure I understand your question. As a farmer you would run it as a separate entity?
Or would you own the land and lease it to the LLC?
Ok now I understand you want to know if purchasing the 10 acres provides tax benefits.
From a federal tax standpoint it would be the same. You would be entitled to the same deductions.
There would be no difference in treatment whether you had five acres or ten acres.