Posted by Dave from MN on February 07, 2009 at 04:33:50 from (96.24.108.212):
Ok, let me explain. We have a large poultry operation which we recieve a good income. I also started into grain this last year as well as cattle. My cattle business is small right now. 6 bred cows, and 6 younger animals. I am in the process right now of trying to aquire about 80 40-60 acres of old pasture that I may rent if I can afford to repair the fence and pay a modest amount for the rent. Whicch would allow me to expand the # of cows I can have by quite a few. What I am wondering is there any advantage (taxes or otherwise), to having seperate "businesses" for example "Dave from MN Poultry", "Dave from MN grain", and "Dave from MN Livestock". Does any one do this on their farm? I know I need to keep inputs and income seperate on my spreadsheets so "I" know if I am losing or gaining on which, but are there any other benifits to have all listeed as seperate businesses. Such as "renting the tractor from the "Grain" business for spreading manure for the "poultry" business, etc, etc. Any advice out there. It took me till this year to realize I can give myself a salary from the poultry income.
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.
