What is a Farm, Ranch, or Homestead?

What is a Farm, Ranch, or Homestead? I have been asked several times what is the difference between a farm, a ranch and a homestead? So today I am going to try to explain the differences between each of them and then, hopefully explain that none that really matters anyway. Besides there is no sense in putting time and effort into what it is called. All that really matters is that it is home, Right?

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