What is the income limit for a farmer to qualify for Custom Farming Liability?

The income limit for a farmer to qualify for Custom Farming Liability is set at $5,000 per year. This threshold ensures that farmers engaged in custom farming activities are not only active but also meet a minimum level of income that justifies the need for liability coverage. The purpose of this limit is to delineate between smaller operations that may not require the same level of insurance protection as larger, more commercially active farming operations. Qualifying at this income level means that the farmer engages sufficiently in farming activities and carries the potential risks associated with those activities, thus making liability coverage relevant and necessary.