Posted by LAA on December 16, 2015 at 03:15:25 from (217.175.64.196):
In Reply to: Lost money this year posted by Gleanerk2 on December 15, 2015 at 18:22:36:
Lost actual money as in crops did not return enough income to offset inputs and property tax or lost money on paper when depreciation etc. was factored in? Big difference, if you lost actual dollars out laid then you don't want to wait for luck to kick in, you need to figure out how to get your costs down or your yields up, or both, maybe look for other markets. If a tax loss well that can easily be a good thing, as long as I have a job I will continue to spend every dollar of farm income on improvements to my farm, equipment upgrades, herd upgrades etc. because #1 I am doing business in the area where I live and #2 whatever I buy is at an effective tax adjusted 42% discount, otherwise the money would go to the federal and state governments to squander.
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