| jd8850 - 9/4/2024 08:51
An interesting post but I see a few holes in it.
Some wd say you don't need high $ equipment to farm that acreage.
Machinery purchases are deductible.
The 7.5% might be a stretch.
You pay tax on the earnings.
That machinery has enabled you to:
Make huge profits farming in the last 15 years.
You needed that machinery to farm land that has increased in value 10 fold in the last 50 years.
And lastly, some farmers are debt free and can bend the rules. They don't HAVE TO make maximum return on every acre and every thing.
And I will add, I dislike leases very much.
You trade off a piece that you have equity in to make tge lease payment.
All you have left is a canceled check. Well, in fairness, you should have bushels to sell as a result of the cancelled checks. Until you can figure out how to acquire equipment for free, there will always be cancelled checks, not matter how you went about it. |
New equipment cost per acre
