N.M. Admin. Code § 3.2.216.7

Current through Register Vol. 35, No. 23, December 10, 2024

Section 3.2.216.7 - DEFINITIONS

A."Farming" defined:

(1) A person regularly engaged in the business of "farming" is a person who regularly engages in the business of:

(a) cultivating a tract of land of over one acre with the purpose of producing a plant which is grown primarily for sale or use in the ordinary course of business as fiber or as food for human or animal consumption;

(b) growing plants in a greenhouse or by hydroponics primarily for sale or use in the ordinary course of business as fiber or as food for human or animal consumption; or

(c) cultivating an orchard on a tract of land of over one acre with the purpose of producing nuts, fruit or other products for sale or use in the ordinary course of business for human or animal consumption.

(2) A person whose farming operation has been determined by the internal revenue service to be a hobby for federal income tax purposes is not regularly engaged in the business of farming.

B."Ranching" defined:

(1) A person regularly engaged in "ranching" is a person who regularly engages in the business of:

(a) grazing or rearing livestock, such as horses, cattle, sheep or goats, on a tract of land of over one acre either with the purpose of deriving receipts from selling the livestock or livestock products such as meat, wool, mohair and dairy products;

(b) feeding, pasturing, penning or handling of livestock;

(c) raising fish for human consumption; or

(d) raising poultry.

(2) A person whose ranching operation has been determined by the internal revenue service to be a hobby for federal income tax purposes is not regularly engaged in the business of ranching.

C."Feed for livestock" defined: "Feed for livestock" includes livestock feed supplements in a liquid state, which contain proteins, phosphorus, molasses, trace minerals, vitamins or other additives.

N.M. Admin. Code § 3.2.216.7

3/9/72, 11/20/72, 3/20/74, 7/26/76, 6/18/79, 4/7/82, 5/4/84, 4/2/86, 11/26/90, 11/15/96; 3.2.216.7 NMAC - Rn, 3 NMAC 2.58.7, 6/14/01