SELF-EMPLOYMENT INCOME FROM FARMING
ISSUE DATE: 12/2016
Farmers are self-employed. They may work full-time, part-time, or as hobby farmers.
Common types of farm income include:
● | Proceeds from sale of crops, livestock, or products. |
● | Production from livestock. |
● | Income from home-produced food. |
● | Soil conservation payments and other subsidies. |
● | Proceeds from machine rental, including wages to the farmer/operator. |
● | Capital gains. See 0017.15.54 (Capital Gains as Income). |
Also see:
MFIP, DWP. MSA. GA. GRH:
No provisions.
SNAP:
If the SNAP unit has a farm profit then the unit can select from 1 of the 2 self-employment methods outlined in 0017.15.33.03 (Self-Employment, Convert Inc. to Monthly Amt.).
Units which expect to receive $1,000 or less in annual gross income from farming may not use the farm loss to offset other income, see 0017.15.33 (Self-Employment Income).
Units which expect to receive $1,000 or more annual gross income from farming may use a farm loss to offset other earned or unearned income. See the SNAP Farm Loss Offset Policy Guide (PDF).
PREVIOUS REVISIONS
| Date | Notes |
|---|---|
| 03/2016 | in SNAP adds information about when a unit may use Farm Loss Offset. |
| 01/2016 | deletes previous Self-Employment policy and adds Simplified Self-Employment policy throughout. This change was EFFECTIVE 02/01/15. |
| 06/2015 | in general provisions adds 2 new paragraphs about the Simplified Self-Employment Policy Guide (Effective 02/01/15) and prior Self-Employment policy. |
| 12/2014 | Removed WB. This program was suspended 12/1/14. |
| 11/2012 | update Food Support and FS to Supplemental Nutrition Assistance Program (SNAP) and FSET to SNAP E&T throughout. No policy was changed. |
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