My sons are both in their twenties, both have good jobs and both run cows, graze stockers and grow the majority of their own feed and hay, they both own land. They worked with me all their lives and when they first left home they bought new trucks and boats etc. they soon figured out that those things are nice but don't do much good for your bottom line or help you out at tax time. Once they decided that they would rather spend their money on land and equipment and cattle that will make them money and save money on taxes it has not been that hard. Buy used equipment for cash, get it in shape to work, rent some pasture and cut some hay on shares or buy standing hay in the field, buy smaller parcels of land and make the improvements, plant the winter grazing crops, lime, fertilize, build or repair the fences, every time they pick up a new pasture they double up on income producing livestock and use the sale proceeds to exponentially pay off the land. They also pay for many things out of their salaries and neither one would be as far along as they are without their jobs, better to spend the money accumulating something rather than just let a large percentage of their yearly salaries be stolen by the various branches of government. They both live in trailers that are paid for. I have helped them by giving free reign on any of my equipment as well as working together to clear land and build fence, work cows, haul hay, run cattle on my pastures and stubble fields, but it is my pleasure to do all I can to help them get ahead and hopefully not have to work for the other man all their lives in order to make a living.
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Today's Featured Article - Allis Chalmers ED40 - by Anthony West. Allis Chalmers as a tractor manufacturer in its own riht is but a memory. However the number of AC tractors still in existence today as either restored or unrestored examples is a testament to the quality of their products. This in itself is always apparent here in the U.K when attempting a purchase, as no matter what the model or condition the price will always be strong.
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