Posted by 2002sliverado on February 09, 2018 at 11:16:42 from (216.16.75.34):
In Reply to: Hobby Farmers posted by Morgan in ar on February 09, 2018 at 10:38:45:
BTO's might probably call me a hobby farmer. I don't care. I farm because I care about my family's legacy of having that farm in the family for 5 generations, and I want to pass it on to my children. I run it as a business, building it, betting it, and growing to something larger and better. There are limitations on what I can do, due to economics, finances, as well as it being owned by my parents. The plan is for it to go to my sister and me when they are gone, and have the ability to buy her out over the course of 20 years, if necessary. I cannot do it to make my full living, and at this time I do not need it to subsidize my living. I have taken far less out of it, versus what I have invested back into it. I certainly do not farm as a "tax dodge" but as a legacy and a long term family investment, and not something to be "sold off" for someone to simply put money into their pocket. Once it is gone, it is gone. I hope to be able to retire a few years early from my regular job, and have a few years where I can farm and do something I truly enjoy doing. I can also depend upon this, if needed, during downturns or struggles, too.
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