First, let me vet myself...CPA in Michigan, work with a lot of small businesses including contractors, have taught up thru the college level, own a farm which falls somewhere in the category between business and expensive hobby.
My first advice would be to scrap any idea of farming at this time. It is simply too expensive to get into and make money. You have no idea of the type and expense of equipment you would need to do it on a scale to make a significant income. If you cannot afford school, you cannot afford to farm. You can farm down the road...like I did...after you find another source of income.
If you have taken the time to learn welding skills, then you have a skill you can sell. May or may not require govt registration, insurance, etc. People who need a crack welded in a mower deck or similar will cheerfully pay you a discounted price. You can also fabricate items and sell them on ebay or at craft shows. Most people who do these things fly under the radar until it starts to roll. Or you can hire yourself as a subcontractor to larger businesses who may cover you under their comp and liability insurance. What you cannot do is start welding jobs that could result in safety issues. All of the above will generate taxable income. You pay the tax (or you don't and roll the dice). The first time you get a 1099, you better have that number on a tax return.
You should seriously look at getting some more education. If folks cannot pay for it, then find another way. I have a couple of nephews who started working out of high school and eventually had classes paid for by employers. Look around and be persistent. But forget about the farming for a bit.
Upload one or more videos to your post. Photo filesizes should be less than 300K and Videos, less than 2MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Good As New - by Bill Goodwin. In the summer of 1995, my father, Russ Goodwin, and I acquired the 1945 Farmall B that my grandfather used as an overseer on a farm in Waynesboro, Georgia. After my grandfather’s death in 1955, J.P. Rollins, son of the landowner, used the tractor. In the winter 1985, while in his possession the engine block cracked and was unrepairable. He had told my father
... [Read Article]
Latest Ad:
2022 John Deere 5045E, 4wd, front end loader and 3rd function with grapple. 120 hrs, 55k new, must sell
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.