Worst would be a large new piece of equipment you DON'T need! I have seen a lot of guys do this just to be trying to sell a $200,000 loader or dozer the next year. Equipment you need is a good idea. As a loan officer/financial planner for farmers buying equipment to skip out on taxes is always a bad idea in my mind. Prepaying next years expenses is always the best choice. You never know what next year will bring and likely, costs are not going to go down SO much that you will be kicking yourself for prepaying. Most places offer a discount for prepaying and if you have a bad year you are not left with bills or no money to start the next year with. Paying taxes is not the worst thing that can happen. It sucks, wish they were not so high, but you can only find a way around it for so long before it will catch up to you.
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Today's Featured Article - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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