1) an LLC for your farming enterprise is a good idea. For risk management, ownership liquidity and other reasons, it's worthy of consideration.
2) You will want to have your farming business on Schedule F and your non-farming business on Schedule C.
3) I don't have enough facts to consider to answer your question accurately and completly. I will send you this link to read up on this.
https://turbotax.intuit.com/tax-tips/small-business-taxes/depreciation-of-business-assets/L4OStLQEL
I hope this was helpful to you.
Kelly C.
CPA
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