How do you qualify for a farm tax ID in North Carolina?

Answer 1

In order to get a farm tax ID, you need to have a registered farm with the local county. To be a working farm, you have to have more than X acres (10 I think), and produce $3000 of revenue from farming per year. Once you are registered as a farm it's a simple matter to fill out some additional paperwork (available online at the NC Department of Revenue) to get your farm sales tax ID. A county extension agent can help with all of this. Lastly, there are two taxes to know about. One is the deferral of property tax on the farm acreage itself. The other is the elimination of the sales tax. It's important to know that on the property tax, it's a deferral, not an elimination of the tax. If you ever sell the land or stop farming, the previous three years of property tax become due and payable.