4 Ways to Save Money Homesteading in Tennessee & Mississippi

Here are a few Simple Tricks to Save Money as a Homesteader in Tennessee & Mississippi

Homesteading is more than just a lifestyle—it’s a commitment to self-sufficiency and smart

land management. But let’s be honest, it can also be expensive. The good news? There are ways to significantly cut costs if you know where to look. Over the years, we’ve saved thousands of dollars by taking advantage of three key opportunities: the Farm Sales Tax Exemption, Greenbelt Status, and registering with the Farm Service Agency (FSA) for financial assistance.

These aren’t just theoretical savings—these programs have made a real difference on our homestead. One year, when a severe drought forced us to pull our cattle off pasture months earlier than expected, we received assistance through the Farm Bill to help offset the increase in costs for hay. And thanks to Greenbelt Status, we’ve reduced our property tax bill by thousands of dollars each year. If you’re homesteading in Tennessee (or Mississippi), here’s how you can do the same.

1. Save Big with a Farm Sales Tax Exemption

One of the simplest ways to keep more money in your pocket is by securing a farm sales tax exemption. This lets you purchase essential farm supplies—everything from chicken feed at Tractor Supply to a brand-new tractor—without paying sales tax.

How to Apply:

1. Determine Eligibility – If you actively farm for income, you likely qualify.

2. Apply for an Agricultural Sales and Use Tax Certificate of Exemption – Available through your Department of Revenue.

3. Submit Proof – State-specific documents will be required.

4. Start Saving Immediately – Once approved, present your exemption certificate at checkout or keep it on file with retailers like your Co-Op or Tractor Supply Co.

🔗 Learn More Here: Tennessee Agricultural Exemption

2. Cut Your Property Taxes with Greenbelt Status

If you own 15 acres or more, you may qualify for Greenbelt Status, a property tax program

that values farmland based on use rather than market rates. The result? Huge savings. When we applied, our tax bill dropped by thousands of dollars per year—money we can now save or reinvest in our homestead.

How to Apply in Tennessee:

1. Confirm Your Eligibility – Your land must be at least 15 acres and used for agriculture, forestry, or open space.

2. Submit a Greenbelt Application – Available through your county assessor’s office.

3. Pay a Small Filing Fee – Typically under $50.

4. Enjoy Lower Taxes – As long as you maintain eligibility, the savings continue year after year.

🔗 More Info: Tennessee Comptroller’s Office

Homestead Exemption in Mississippi:

Mississippi has a similar program where farmland and homestead property are taxed based on agricultural use. Requirements vary, so check with your local tax assessor.

🔗 More Info: Mississippi Homestead Exemption

3. Access Financial Assistance by Registering with the FSA

Every farmer should register with the Farm Service Agency (FSA)—period. Not only does it open the door to grants and low-interest loans, but it also provides disaster relief funding when things don’t go as planned. We saw this firsthand during a drought year when we had to pull our cattle off pasture far too early. The sudden increase in hay costs hit hard, but because our farm was registered with the FSA, we received assistance through the Farm Bill, helping cover the extra expenses. Without it, that season could have been a financial disaster.

How to Register:

1. Find Your Local FSA Office – Use the USDA locator tool.

2. Complete a Farm Number Application – This officially registers your farm.

3. Submit Required Documents – Property records, farm income details, and land use verification.

4. Tap Into Farm Bill Resources – Once registered, apply for cost-share programs, grants, and relief funds as needed.

🔗 Find Your FSA Office: USDA Service Center Locator

4. Take Advantage of NRCS Programs for Infrastructure Improvements

Another great way to save money homesteading on your property is by utilizing Natural Resources

Conservation Service (NRCS) programs. The NRCS provides funding and technical assistance for various farm improvements, including interior fencing, water systems, erosion control, discounted seed-drill rentals, barn construction, and greenhouse construction.

One of the biggest expenses for rotational grazing systems is setting up interior fencing and livestock watering stations, but NRCS offers cost-share programs that help cover these expenses. If you’re planning to improve your grazing setup, you could save thousands by applying for these programs.

Additionally, the NRCS provides assistance for historically underserved communities, offering increased cost-share percentages and priority ranking for funding. If you’re a beginning farmer, a socially disadvantaged producer, or a veteran, you may qualify for additional benefits.

How to Apply:

1. Find Your Local NRCS Office – Use the USDA Service Center Locator.

2. Schedule a Site Visit – An NRCS representative will assess your land and discuss available funding options.

3. Submit an Application – If eligible, you’ll be placed in a ranking system to determine funding approval.

4. Implement the Project – Once approved, NRCS will reimburse a percentage of your project costs.

🔗 Learn More About NRCS Assistance: USDA NRCS Programs

Start Saving Today!

Running a homestead is challenging, but you don’t have to leave money on the table. These four programs can save you thousands while making your farm more financially resilient. Need help navigating the paperwork? That’s where we come in.

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