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.
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 - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
... [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.
