Agricultural land means land that is a part of a farm unit actively engaged in the commercial production or growing of crops, plants or animals under a sound management program. Agricultural land includes woodland and wasteland and may consist of more than one tract of agricultural land, but at least one of the tracts must meet the requirements.
At least one tract must consist of at least 10 acres that are in actual production and are not included in a farm unit. (Agricultural tracts with more than 20 acres of woodland must have a sound management plan covering the woodland portion).
Must have produced an average gross income of at least one thousand dollars ($1,000) for the three years preceding January 1 of the year in which this benefit is claimed. Gross income includes income from the sale of the agricultural products produced from the land and any payments received under a governmental soil conservation or land retirement program.
If individually owned, the property must be the owner's residence or have been owned by the current owner or a relative of the current owner for four years preceding January 1 of the year in which this benefit is claimed.