Crowcrick - 8/16/2024 15:26

it will matter how the good years have been handled.

1) those that took profits and paid down debt ( and also just paid the taxes on those profits ) will be in OK shape

2) those that paid taxes with the profits and then spent what was left over on upgrades or land they could pay cash for will struggle a bit with the payments they have ( take them out of new land and new equipment markets) getting themselves after the assets reductions.

3) Those that bought new equipment instead of paying any taxes will be exposed in a couple of bad price years.

4) Those that bought equipment On a payment schedule (5 to 7 years) to avoid taxes then took their tax savings and bought any of the following things -
high priced farmland, Lakeshore property, second house in retirement state, new 90K vehicles, Side by Sides, Boats, four wheelers , snowmobiles, race cars or and other toy they could think of will be in trouble before the end of 2025.

And from the sound of thinks the last Month there were plenty on here that fall into the last group. to them the best I can say is good luck, your going to need it.