Well, what kinda of interest rate on your mortgage? Is it the farm mortgage which you can claim interest expense or just your house mortgage?
Is there weak points in your operation that cost you a lot of money in waste or repairs? Capital upgrades that could save a lot over time increasing profit? Are you in the long haul for farming?
The markets are pretty crazy right now, I watched my retirement savings gains from the last 3 years vapourize in the last few months. No guaranteed investments are paying better than the interest on my line of credit but you don't have debt you say.
I'm not sure how it works in the US, but in Canada our RRSP (your 401K I think) contributions can really pay off for some earning brackets. This money you got, do you have to claim it as income in one year? Can you apply it backwards and forward against other tax returns?
Any land or bank repo property around your area? I hear there are a lot of delinquent mortgages in US now. Hope this gives some things to think about.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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