Posted by rrlund on October 01, 2018 at 09:55:54 from (173.225.203.235):
In Reply to: Re: The Future Of Farming posted by Traditional Farmer on October 01, 2018 at 09:14:58:
I think everybody thought Boersen Farms was invincible too. They had Amway money behind them,but eventually,investors get tired of loosing money. Generally if they have a portion of their investment set up for a loss,they have to be able to depend on that loss. When a farm makes money for a few years and can't be counted on to loose money,that can cause problems too. It's hard to plan a loss when the weather and prices all line up in your favor. Last I knew,you could only claim a loss in farming for seven years before you lost those deductions. I don't know any farmers who'll farm in a manner that just makes investor's accountants happy.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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