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 - Product Review - by Staff. When we finally checked out the 3000 PSI North Star, the whole story chaned. This unit was equipped with an 11 HP Honda engine with fuel shutoff, adjustable flow and optional syphon degreaser dispenser. It didn't have a pressure release or electric start to facilitate easy starting but according to the instructions, simply pulling on the trigger while cranking was sufficient. This method of starting proved more than adequate and kept the cost down on the unit. It had all the important
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[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.