Homestead is a home/farm smaller than a ranch or a farm. A homestead could also function as a buinses
Agriculture is an essential part of homesteading. In order to become self-sustained, you must produce your own food, or at least most of your food. And to supplement for those items you can't or don't know how to produce, you must sell something or offer some service.
Traditionally, homestead focus on agriculture, herbs, and a whole range of crafting. A garden, live stock, a big kitchen, and a workshop are a must on every decent homestead.
Particularly; I would like to work with pigments, some people make soups, perfumes, fabrics, etc. The options are endless.