A ‘Small Farm’, ‘Hobby Farm’, and ‘Lifestyle Farm’ are all types of agricultural operations, but they differ in terms of their size, purpose, and level of commercial activity.
A Small Farm is defined by Farmstyle Insurance as a farm that generates less than $50,000 in annual revenue and is between 2 – 100 hectares in size. These farms may be run for personal enjoyment as a hobby, or intended to generate a profit as a business. They often focus on diversified crop and livestock production, and may also include a small amount of direct-to-consumer sales. Small farms are often family-owned and operated, and could be a primary or supplementary source of income for the owners.
A Hobby Farm is a small-scale agricultural operation that is not intended to generate a significant amount of income. Instead, hobby farms are often used for personal enjoyment, recreation, or as a hobby. They may include a variety of crops, animals, and other agricultural activities, but they are generally not considered to be a primary source of income for the owners.
A Lifestyle Farm is a type of hobby farm that is used to support a particular lifestyle or way of living. These farms may include a variety of crops, animals, and other agricultural activities, but they are not intended to generate a significant amount of income. Instead, lifestyle farms are often used for personal enjoyment, recreation, or as a means to produce food for the family or local community.