It does not fold flat, but due to its light weight, it really isn't a bother. I don't pack mine much, after I get it to the farm, It usually stay out all season. I just move it around on the farm to different locations. The load bearing style back packcing straps do seem to work just fine for the times, I've packed it around. The only addition I would make to it if you intend to backpack it a lot, would be the addition of a padded kindney belt.
The shape of the stand also allow it to be used as pack frame, if you need to take stuff w/ you...
wish I could be more help...