Fla. Admin. Code Ann. R. 12D-5.001 - Agricultural Classification, Definitions
(1) For the purposes of Section
193.461, F.S., agricultural
purposes does not include the wholesaling, retailing or processing of farm
products, such as by a canning factory.
(2) Good faith commercial agricultural use of
property is defined as the pursuit of an agricultural activity for a reasonable
profit or at least upon a reasonable expectation of meeting investment cost and
realizing a reasonable profit. The profit or reasonable expectation thereof
must be viewed from the standpoint of the fee owner and measured in light of
his investment.
Notes
Rulemaking Authority 195.027(1), 213.06(1) FS. Law Implemented 193.461 FS.
New 10-12-76, Formerly 12D-5.01.
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