Hi Gary, I do not consider myself to be a hobby farmer, but with that being said I have not been able to show a profit since I started this venture. I wish I had to pay a million a year in taxes that would mean that I am making serious money. My wife has a good income that we actually live on, my profit or income has gone into grain bins, equiment, drain tileing and of coarse fuel. Hopefully next year will be a break over year that I can put some money in the bank. Trust me I am looking forward to that. This venture has been like walking a tight rope, I am not really trying to do this for me as much as my grand sons. As times get harder I am afraid that good jobs will be hard to find, the farm can and will teach them a work ethic that you can not find in the city, and can if its their choosing provide them a future. So as you can see this is not a tax write off for me, but I guess you can call it a quest.
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