If the IRS classifies your farming business as a hobby, you'll have to prove that you have a valid profit motive, or you'll no longer be able to claim the losses related to the business from that point on. If there is no fraudulent intent, you'll not lose the tax benefit from the losses previously reported.
Please refer to this TurboTax article for more information:
https://turbotax.intuit.com/tax-tips/small-business-taxes/when-the-irs-classifies-your-business-as-a...
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