Ag-exempt means that you'll only pay the amount of tax on what the property should produce, and not on it's market value. It's a HUGE difference in taxes! I have 61 acres that is probably worth $10,000 an acre in market value, but I only pay taxes based on the fact that it "should" produce $10,000 per year in cattle or crops. It is a HUGE tax shelter. To keep Ag-exempt status it must continuously be used for ag use, i.e. cattle, or crops, or hay production. I have a dozen cows, and cut hay on my 61 acres.
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Today's Featured Article - Talk of the Town: How to Remove a Broken Bolt - by Staff. Another neat discussion from the Tractor Talk Discussion Forum. The discussion started out with the following post: "I have an aluminum steering gear housing with a bolt broken off in it. The bolt is about a 3/8" x 1 1/2" bolt. I've already drilled the center of the bolt out with about 7/64" drill bit the entire length of the bolt. Only one end of the bolt is visible. I tried to use an easy out but it wasn't budging and I didn't want t
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